The Banking Supervision Function at the MFSA is entrusted with the on-site and ongoing supervision of licensed banks and non-bank financial institutions (FIs) following authorisation. The function also carries out supervision of Significant Credit Institutions (SIs) together with the European Central Bank through the Single Supervisory Mechanism (SSM). The banking supervision team is made up of officials with a banking and economics background, but also legal, accounting and IT professionals to support policy and supervisory work.
As an Analyst you will be assigned to carry out work which will include the following duties:
- Supervising a group of less significant credit institutions in line with the Single Supervisory Mechanism (SSM) Supervisory Manual;
- Executing the Risk Assessment System and the Supervisory Review and Evaluation Programme (SREP);
- Being the lead contact point for the relevant experts of the bank you supervise;
- Representing the MFSA in industry forums or to external stakeholders;
- Other ad hoc supervision related duties as may be required by the Head or Deputy Head of the function from time to time.
- From time to time, Analysts may also be requested to work in a team responsible for the supervision of a significant institution or work on authorisation cases.
We are looking for candidates with a solid academic background in banking or economics or accountancy and/or another financial services area which may be considered as relevant to this post.
You will also need 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 need to have at least three (3) years’ working experience in the area related to the role. 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 of relevant experience, we would still be interested in speaking with you.
Public Call Permit: 502/2020
MFSA – BS/029/2020