Legal Officer

About the Department

The Insurance and Pensions Supervision is responsible for the prudential supervision of insurance companies, insurance intermediaries, retirement schemes, retirement funds and retirement service providers. The team employs professionals with a varied background and comprises skills relating to insurance, pensions, accounting, legal, quantitative analysis, actuarial, compliance and others.

About the Role

As Legal Officer your tasks will include:

• The development of legislation relating to insurance and pensions licence holders to address market developments and legislative changes arising from EU Legislation in these sectors.
• A marked level of involvement in work related to the periodic reviews of Insurance and Pensions related legislation and Rules. It also involves the active monitoring of local and foreign developments and issues that would give rise to this exercise.
• Involvement in work related to preparing responses with regards to European institutions’ legislative proposals as well as eventual transposition into Maltese legislation.
• Assisting with compliance issues emanating from the ongoing supervision process of insurance and pensions services licence holders and of licensed retirement schemes.
• Provide support to the Unit in relation to the application of laws, regulations and rules relating to Insurance and Pensions.
• Any other ‘ad hoc’ assignments related to specific regulatory and supervisory issues that arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary.
• Being involved in on-site compliance visits
• To attend sittings at the Tribunal and Court with the Legal function, as necessary.

About You

We are looking for lawyers in possession of a warrant to practice the legal profession in Malta, with a sound knowledge of financial services legislation and familiarity with the financial services regulatory framework. A relevant Post-Graduate Degree would be considered as an advantage. Possession of a post graduate degree in a discipline relevant to the financial services sector would be considered an asset.

The role requires a University of Malta Degree in Law (LL.D or Master of Advocacy level) or a comparable recognised legal qualification at National Qualification Framework Level 6 or better duly certified by the Malta Qualifications Recognition Information Centre (MQRIC). You will also possess a minimum of three (3) years working in a legal environment and/or within the financial services area for a number of years. Candidates with longer working experience relevant to the role will be preferred.

If you do not have the necessary academic or professional qualifications but you have at least seven (7) years working experience, we would still be interested in speaking with you. Candidates with longer working experience relevant to the role will be preferred.

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: 100/2024