Conduct Supervision is responsible for the setting up and implementation of the regulatory framework aiming to secure appropriate consumer protection in operations of licence holders in the financial services industry in order to ensure that clients of financial services are treated fairly, honestly, and professionally by regulated entities. The team also enacts a pre-emptive supervisory regime which addresses potential or emerging risks for financial services consumers, together with an operational regime to strengthen the responsibilities of regulated persons in treating customers fairly.Conduct Supervision is a cross-sectorial function covering under its remit supervision in conduct of banking, insurance and pensions, investments, and funds.About the Role Reporting to the Senior Manager within Conduct Supervision, you will be expected to carry out the following tasks:
Assist in drafting and issuing any necessary conduct of business legislation and rules applicable to entities falling within the remit of Conduct Supervision and any amendments thereto as may be necessary for, inter alia, the purposes of transposition and implementation of cross-sectoral EU law relevant in the context of Conduct Supervision Function's mandate;
Assist in coordinating, preparing and drafting legal positions and feedback (in liaison with other MFSA Functions) and participating in any internal working groups with respect to the transposition and implementation of cross-sectoral EU Directives/Regulations which are relevant in the context of Conduct Supervision Function's mandate;
Assist in handling of cross-sectoral industry queries and issues relating to the interpretation and implementation of the Conduct of Business Rulebook;
Drafting and Presenting of Memoranda to the MFSA Executive Committee (ExCo), and/or Regulatory Committee (RegCo), and coordinating the legal research and analyses of relevant financial services law, as necessary from a Conduct Supervision perspective;
Preparing and providing feedback to Ministry of Finance on proposed EU Directives/Regulations relevant in the context of Conduct Supervision Function's mandate;
Provide guidance and assist in any tasks for the purposes of acting as a technical point of reference to the various cross-sectorial teams within Conduct Supervision Function with respect to adherence to applicable rules and regulations in Malta. You will be expected to assist with providing efficient and professional guidance on policy, regulatory, and other legal matters and contribute to the various duties that are undertaken by Conduct Supervision;
Represent the MFSA (both locally and abroad) in engagement with internal and external stakeholders, including representation on any Standing Committees/Working Groups relating to investor protection of the European Supervisory Authorities (ESAs), as requested, and contribute to the preparation of replies with regards to EU/ESAs conduct-related questionnaires/surveys, as necessary;
Cultivating a positive, learning, knowledge-sharing, and collaborative working environment within the Policy/ Legal Team, promoting diversity and inclusion, and aiming at a high degree of employee engagement;
Producing management reporting, if and when required;
Assist senior management in managing the Policy / Legal Team and act as a point of reference to other staff members within the Policy / Legal Team;
Contributing to working relationships and assisting senior management in coordinating the plans of the Policy / Legal Team.
Undertake any other tasks as delegated by senior management in line with the exigencies of the Conduct Supervision and the Authority.
About You We are looking for candidates with solid academic background which may be considered as relevant to this post. 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 six (6) years working experience in the area of financial services, preferably investment services.If you do not have the necessary academic or professional qualifications but you have at least eleven (11) years within a compliance, investigative / analytical environment, or financial services environment or legal environment we would still be interested in speaking with you.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 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 .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.
