Analyst

  • Basis:  Full-Time
  • Closing Date:  16 Oct, 2020
  • Job Ref:  IPS/044/2020

Job Description

About Department
Insurance and Pensions Supervision is responsible for the 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 in relation to insurance, pensions, accounting, legal, quantitative analysis, actuarial skills, compliance and others.

About Role
Reporting to the Senior Manager within Insurance and Pensions Supervision, the role will require the successful candidate to assist the team and participate in on-site and off-site supervision, in order to assess prudential and conduct supervision of licence holders.

The successful candidate will be expected to carry out the following tasks:

  • Assisting in dealing with queries from authorised persons relating to supervision
  • Preparing and assessing analytical reports and to effectively communicate findings to relevant stakeholders
  • Coordinating and cooperating with other supervisory functions within the MFSA
  • Involved in analyses on licence holders which may result in enforcement action being taken
  • Identifying breaches and / or wrongdoing
  • Contributing towards any ad hoc assignments relating to specific regulatory and supervisory issues as and when required
  • Undertaking any other tasks as delegated by senior management in line with the exigencies of the team
  • Undertake analytical duties related to compliance by licence holders in line with their statutory obligations emanating from their operating licences
  • Actively participate in on-site compliance visits and ongoing off-site surveillance of licence holders

About You
We are looking for candidates with a solid academic background in Insurance or Law or a comparable recognised qualification in financial services. 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.

The applicant should also ideally possess a minimum of three (3) years working in a related area, ideally in the financial services sector. If you do not have the necessary academic or professional qualifications but you have at least five (5) years of relevant experience in a similar area, we would still be interested in speaking with you.

Skills and abilities required:

  • Ability to work under pressure, multi-task and to meet tight deadlines
  • Strong attention to detail
  • Ability to work in a team environment
  • Ability to listen actively and to work under own initiative when required
  • Strong research skills, well-developed analytical and problem-solving skills
  • Interpersonal skills
  • A high degree of self-confidence
  • Able to communicate effectively, professionally and concisely in writing, face-to-face and over the telephone with internal and external customers
  • Self-motivated and enthusiastic approach to work
  • Continues to seek ways of innovating and improving quality and efficiencies in processes and procedures
  • IT proficient, in particular, Microsoft Word, Excel, Outlook and PowerPoint

Jobsplus Reference No: 234/2020