Senior Legal Officer

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.

As Senior Legal Officer in grade 6 your tasks will include:

• The coordination and transposition of European Union Legislation related to Insurance and Pensions Directives, Regulations, Guidelines, falling within the remit of IPSU;
• 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, including, the preparation of consultation papers and feedback statements to the market;
• Preparing and coordinating responses with regards to European institutions’ legislative proposals as well as eventual transposition into Maltese legislation;
• Representing IPSU in meetings that are held locally and/or overseas and assist with the analysis and preparation of comments on documents discussed in various Working Groups, Transposition Workshops and Task Forces;
• Providing legal advice with 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;
• The possible involvement in on-site compliance visits;
• To attend sittings at the Tribunal or Court, as necessary;
• Supervise more junior staff as required;
• 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.