Senior Manager (Authorisations)

Overview

About the Department

Banking Supervision undertakes authorisations, on-site and ongoing supervision of licensed banks. The Banking Supervision team comprises professionals with a financial services academic background, but also legal and IT professionals to support policy and supervisory work.

About the Role

Senior Manager Authorisations – Duties

• Collaborate with the Deputy Head in assigning team duties.
• Monitor teams’ work progress.
• Manage and actively participate in the assessment and processing of applications for authorisation, extension of licence and change in control for Banks, Credit Intermediaries and Credit Servicers;
• Undertake reviews of work done by case handlers as part of authorisation processes.
• Act as a main contact point with applicants/prospective applicants and promoters,
• horizontal MFSA Functions and the European Central Bank AU team, corresponding
• directly with these counterparties, reporting findings and resolving issues as they arise;
• Draft and present papers and memoranda to the relevant decision-making bodies within the MFSA;
• Oversee the processing of Passporting requests;
• Maintain Management Information;
• Provide inputs on policy and the drafting of AU related rules, circulars and guidelines;
• Liaise with the various Functions of the Authority in the handling of the various projectsand tasks, as well as other external bodies and act as point of contact, when required;
• Participate in the Authorisations Forum as may be required;
• Participate in local, EU, and international fora, including the relevant AU and FAP networks and committees of the Central Bank of Europe and European Supervisory Authorities
• Participate in AU related projects such as the SCMS
• Undertake any other duties that may arise depending on the exigencies of the Function and the Authority
  
  

About You

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.

You will also possess a minimum of 8 years work experience. Candidates with longer working experience relevant to the role will be preferred.

Possession of a degree in Banking & Finance, Accountancy, Economics, Engineering, Mathematics, Law or a related subject would be considered an asset.

If you do not have the necessary academic or professional qualifications but you have at least 15 years of relevant experience, we would still be interested in speaking with you.

You will have an advantage if you posses:-

• Proven leadership and managerial skills;
• Broad understanding of the SSM structure and European supervisory framework;
• Knowledge of the MFSA regulations and law especially those related to the banking sector;
• Problem solving and analytical thinking experience with the ability to come up with pragmatic solutions in difficult situations;
• Ability to be polite and assertive when dealing with a variety of stakeholders;
• Strong verbal and written communication skills with the ability to influence and negotiate with internal and external stakeholders as may be necessary.
• Proven knowledge and understanding of the following areas will be considered as a distinct advantage:
• Solid understanding of main banking risks, including experience in assessment of business model/risks,
• Previous auditing or supervisory experience.
  
  

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.

Permit No; 504/2025