Junior Data Analyst (Resolution Planning)
About Resolution
Resolution is responsible for the drafting of resolution plans for banks and certain investment services firms, for providing advice to the MFSA Resolution Committee on whether a failed institution should go into liquidation or resolution, and for applying any of the resolution tools when necessary. Resolution interacts on an on-going basis with local Authorities and European institutions.
In order to retain its operational independence from the supervisory functions, the MFSA Act contemplates the creation of a Resolution Committee and its underlying structures. The Resolution Committee has all the powers assigned to it by the Resolution Authority under the above-mentioned Act. The Resolution functions are carried out as contemplated by the Act and as provided for by the Resolution Committee. Furthermore, Resolution also administers the requirements emanating from the Bank Recovery and Resolution Directive (BRRD), the Single Resolution Mechanism Regulation (SRMR), the Recovery and Resolution Regulations (RRR) and the Intergovernmental Agreement (IGA) on the transfer and mutualisation of contributions to the Single Resolution Fund.
Moreover, Resolution interacts continually with internal MFSA functions, local authorities and European institutions mainly the Single Resolution Board (SRB), to draft resolution plans for banks and certain investment firms. Furthermore, Resolution manages the process related to Resolution Funds and drafts necessary Policies and Legislation supporting the resolution process.
Resolution is composed of two main teams which are inter-related, Policy & Legal and Resolution Planning. Policy & Legal is focused on transposing and drafting the relevant legislation and issuing circulars to apply European Banking Authority (EBA) Guidelines. This team is also responsible for analysing policy documents, drafting policies and procedures to operationalise resolution functions set in legislation, and to implement processes related to contributions towards Resolution Funds. Resolution Planning involves preparing resolution plans, based on requirements emanating from relevant legislation and policies, for credit institutions and certain investment services firms licensed in Malta, in cooperation with the SRB. Both teams are also involved in meetings, working groups and task forces at international and local level.
- Analysing credit institutions and certain investment firms returns data, including the assessment of data for data quality issues, liaising internally to ensure that data quality is consistent and satisfactory,
- Building and maintaining automated data dashboards used by the resolution planning teams,
- Assisting in the collection of data, data quality analysis, and creation and maintenance of management information dashboards,
- Actively evaluating internal systems and procedures and assessing where such systems and processes can be automated or improved by integrating innovative solutions that position the Authority as a leader in technological adoption,
- Assisting the resolution planning teams in the Public Interest and Resolvability Assessments,
- Assisting the resolution planning teams with the drafting of resolution plans,
- Assisting in testing of ongoing projects to ensure that deliverables are delivered according to specifications,
- Liaising with other functions within the Authority, such as the IT and data functions to ensure alignment of scope and requirements of ongoing projects,
- Conducting or assisting with the analysis and preparation of comments on documents discussed in Working Groups, Task Forces and Committees at local or European levels in relation to the resolution planning,
- Participating and contributing to meetings both locally and overseas, as appropriate,
- Undertaking ad-hoc assignments related to resolution aspects, that may arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary,
- Keeping abreast with developments relating to area of resolution planning.
We are looking for candidates with solid academic background in Business and IT, Accountancy, Banking and Finance, Economics or any finance related background. Knowledge of database querying and financial reporting and previous experience using Microsoft PowerBI and/or a background in local and Banking and EU investment services legislation would be considered as an asset for this role.
The role calls for 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. Possession of a post graduate degree in a discipline relevant to the financial services sector would be considered an asset.
In the case that candidates do not have the necessary academic or professional qualifications but have at least five (5) years of relevant experience, we would still be interested in speaking with you.
