Deputy Head - Internal Audit

Overview

About the Department

The Internal Audit function within the Malta Financial Services Authority (MFSA) is established through the provisions of Article 12B of the MFSA Act (Cap. 330) which further establishes the structure, objectives and authority of Internal Audit.

The Internal Audit Charter defines in general terms the purpose, scope of work, accountability, responsibility and authority of the Internal Audit function with the MFSA. It establishes the position of the Internal Audit function within the MFSA, authorises access to records, personnel and physical properties relevant to the performance of an audit engagement and defines the type and scope of the internal audit activities.

About the Role

The responsibilities of the appointee shall include the following:

• Developing an Internal Audit Manual for the effective implementation of the audit plan and audit engagements including the methodology for a risk-based approach to internal audit.
• Developing and executing an annual risk-based audit plan with its timely presentation to the Audit and Risk Committee for the necessary approval by the Board of Governors.
• Organizing and monitoring the implementation of the Implementation of the internal audit work plan.
• Proactively interact with key senior management to gather information, resolve problems, and make recommendations for business and process improvements.
• Co-ordinating and executing the development of timely, risk based, value-adding and action-oriented internal audit reports.
• Exercise the highest professional care in carrying out audit engagements and shall, as a minimum, observe the IIA Global Internal Audit Standards.
• Monitoring and assessing the implementation status of agreed audit recommendations and reporting thereon to the Audit and Risk Committee.
• Lead internal investigations of identified or alleged fraudulent activities, theft and corrupt practices with the MFSA in accordance with the Anti-Fraud Policy of the MFSA.
• Providing consultancy and advice regarding governance, risk management and internal control processes as appropriate for the better functioning of the MFSA;
• Reporting periodically to the Audit and Risk Committee in accordance with the Internal Audit Charter.
• Keeping the Audit and Risk Committee informed on emerging trends and standards in internal auditing, governance and prevention of fraud;
• Taking decisions and acting on his/her own initiative in line with delegated authority and escalate issues outside his/her remit and area of responsibility with the Head of Internal Audit.
• Participating fully and actively in the workings of the Eurosystem Internal Auditors Committee in its Single Supervisory Mechanism format and in any seminars or working groups established thereafter, including undertaking audit engagements on behalf of the Internal Auditors Committee.
  
  

About You

You are in possession of an academic qualification in a relevant field of study at National Qualification Framework Level 6 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level in Accounting, Auditing, Finance, Management, or in another related area of study.

You also possess a minimum of six (6) years working experience in a senior role in Audit or a related field.

Preference will be given to candidates holding the Certified Internal Auditor (CIA) designation issued by the IIA, or the Certified Information Systems Auditor (CISA) designation issued by ISACA.

Other information

The MFSA is an Equal Opportunities Employer as certified by the NCPE (National Commission for the Protection of Equality) and is committed to a policy of equal opportunity in all aspects of employment and will take care to avoid any form of discrimination in its recruitment procedures. The MFSA reserves the right to withdraw this call at any time and not to select any of the Candidates.

It is the responsibility of applicants in possession of qualifications awarded by Universities and other similar institutions outside Malta to produce a recognition statement on comparability of qualifications issued by the Malta Qualifications Recognition Information Centre (MQRIC). Applicants should do so preferably at application stage or otherwise at the preliminary interview should an applicant be selected for such interview. Details can be obtained by accessing the National Commission for Further and Higher Education website on www.ncfhe.gov.mt under MQRIC heading.

The MFSA shall ensure that any processing of personal data is in accordance with Regulation (EU) 2016/679 (General Data Protection Regulation), the Data Protection Act (Chapter 586 of the Laws of Malta) and any other relevant European Union and national law. For further details, you may refer to the Data Protection Policy on the MFSA webpage www.mfsa.mt.

Candidates are to note that the submission of any false statement/s or omission, even if unintended, may lead to the cancellation of their application and may render the candidate's appointment liable to termination.

Furthermore, please note that candidates may be asked to submit any documentation in support of the information provided, including but not limited to, proof of qualifications and Police Conduct Certificates.

Public Call Permit: 449/2025