Senior Manager (Trustees & CSPs Supervision)

About the Department

The regulation and supervision of professional trustees and other fiduciaries as well as company service providers falls within the remit of the MFSA and in fact the MFSA has a specific function designated with the responsibility for the authorisation as well as the supervision of both sectors. The function's main objective is to ensure that licensed trustees and fiduciaries and company service providers have the appropriate structures and systems in place to service clients adequately whilst at the same time preserving their reputation as well as Malta's reputation, taking into account our international commitments. Persons wishing to provide such services must therefore satisfy fitness and propriety requirements which are assessed at application stage prior to being granted authorisation to carry out the activities of trustees and company service providers. Following authorisation, a mixture of tools are utilised with respect to supervision, consisting of both onsite inspections as well as offsite reviews, analyses and assessments, to ensure that the expected standards continue to be adhered to on an ongoing basis.

About the Role

Within this role you will be joining the Trustees and Company Service Providers Supervision Function which is responsible for the review of applications of trustees and company service providers, the assessment of key officials requiring approval by the MFSA, as well as the ongoing supervision of the conduct of respective licence holders.

Your work will include any of the following tasks aimed at verifying that authorised trustees and company service providers are meeting the requirements of the Trusts and Trustees Act, the Company Services Providers Act and the relevant rules and regulations issued thereunder, as applicable:

• Supporting the Head and/or Deputy Head of Function in designing the yearly workplan of the function;
• Coordinating and overseeing the yearly schedule of onsite inspections and thematic reviews, as necessary, as well as coordinating yearly offsite review projects;
• Leading and participating in the onsite inspections of trustees and company service providers where necessary;
• Leading and participating in the any thematic reviews undertaken at authorised trustees and CSPs;
• Maintenance of, or providing support and oversight in relation to matters relating to the trusts beneficial ownership register and any related supervisory work;
• Participating in the analysis of data to help identify the highest risks and prioritise the work of the Function;
• Mentoring more junior staff members in carrying out of their respective duties;
• Handling planned or reactive supervisory issues that arise on a day-to-day basis, and coordinating with other team members;
• Taking decisions independently and acting on own initiative in line with delegated authority and escalating issues outside her/his remit and area of responsibility;
• Assuming responsibility for the management and development of direct reports.

About You

We are looking for candidates who are eager to join an enthusiastic team with a passion for compliance. You should have a solid academic background in Law, Banking & Finance or any other related area, to increase the current pool of internal expertise in the Trustees and Company Service Providers Supervision Function.

Experience and/or or background knowledge related to trust management and company service providers will be considered as an asset for this role.

The ideal applicant should demonstrate the following skills/experience:

• Self-driven and ability to meet deadlines;
• Interest in financial services;
• Attention to detail and strive for quality and accuracy of the work;
• Highly organised;
• Strategic thinking;
• Ability to take a leading role and carry out independent research;
• Excellent time management skills and ability to adapt to changing priorities as may be necessary;
• Ability to maintain good working relationships with other team players and with the industry in general; and
• Excellent verbal and written communication skills.

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 eight (8) years working in the area of financial services and/or compliance with financial services regulation for a number of years.

If you do not have the necessary academic or professional qualifications but you have at least fifteen (15) years of relevant experience in the area of financial services and/or compliance with financial services regulation, we would still be interested in speaking with you.

Other Information

The selected candidate will be given opportunities to learn and be trained for the role, through various mechanisms which the Authority holds, such as, the Financial Supervisors Academy and also on the job training.

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.org.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: 1027/2024