Assistant Manager (Significant Institutions)

Malta Financial Services Authority View all jobs

Malta Island
Permanent
Full-time

27 days ago

About the DepartmentBanking Supervision is responsible for the oversight of licensed banking activities in Malta This oversight includes off-site and on-site examinations of licensed institutions applying a risk-based approach. The ultimate objective is to ensure that these licensed institutions comply with all regulations and licence conditions, whilst having the necessary corporate governance and control structures in place.Supervision of both Significant Institutions, which is carried out together with the European Central Banks through the Single Supervisory Mechanism, and that of Less Significant Institutions through the SREP procedures, is executed by the banking Supervision team.Banking Supervision is also responsible for policy advice and development both within the MFSA and to external stakeholders, to consistently and effectively apply local legislation and transpose EU legislation and guidelines issued by the European Banking Authority.About the RoleAs Assistant Manager within the Banking Supervision Function, you will undertake coordination of duties of a team of supervisors for Significant Credit Institutions related to banking supervision activities that the MFSA performed jointly with the ECB (JSTs). As Assistant Manager your key responsibilities will be as follow:

Undertaking analytical duties related to the supervisory work of the Joint Supervisory Teams supervising Significant Institutions in coordination with the ECB through the Single Supervisory Mechanism;
Assist the Senior Manager in Coordinating supervisory strategy and supervisory review and evaluation programme (SREP) in line with the SSM and the MFSA priorities ensuring an objective and consistent supervisory approach for the local Significant Institutions and against other SSM Significant Institutions striving to ensure level playing field;
Assist the Senior Manager in implementing horizontal coverage approach for assessment of the Key risks of the SIs, considering also the specificities of each SI;
Assist the Senior Manager in managing the team and act as a reference point to other staff members on the risk areas under their remit;
Deputise for Senior Manager when required;
Liaise with the ECB in relation to supervisory matters and assist the Senior Manager in managing the relationship with the ECB’s stakeholders and organizing supervisory work to meet the MFSA obligations as part of the SSM but also to ensure local priorities are appropriately considered;
Support, assist and work on authorisation processes, as required;
Working effectively with other departmental colleagues contributing to the development of the supervisory tools and agenda within Banking Supervision Function;
Forming working relationships and assisting the Senior Manager in coordinating the supervisory agenda with Senior Management of other departments and internal stakeholders involved in the delivery of the MFSA supervisory strategy;
Assisting the Senior Manager to support effective relationships with the Central Bank of Malta and Finance Ministry and contribute towards conversations with IMF, MoneyVal and other international organisations which assess the quality of banking supervision in Malta;
Representing the MFSA in industry forums and with other external stakeholders;
You will also be expected to undertake any other duties that may arise depending on the exigencies of Banking Supervision and the Authority.

About youWe 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 work experience in the area of financial services. 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 eleven (11) years of relevant experience within the financial services environment and/or auditing, we would still be interested in speaking with you.Skills and competencies:

Strong knowledge of EU banking regulation, the Single Supervisory Mechanism (SSM), SREP methodology, and the supervisory processes applied to Significant Institutions within Joint Supervisory Teams coordinated with the European Central Bank.
Proven ability to coordinate and oversee supervisory work, contribute to the development and execution of supervisory strategies, and manage relationships with internal teams and external stakeholders, including supervised institutions and European counterparts.
Highly analytical, strategic, and structured, with the capacity to assess complex risk profiles, ensure consistency across institutions, and support decision-making at senior management level.
High level of integrity, leadership, and accountability, with strong communication and interpersonal skills, and the ability to represent the Malta Financial Services Authority effectively with stakeholders such as the Central Bank of Malta, the International Monetary Fund, and Moneyval.

Other Important InformationThe 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 Privacy Notice on the MFSA webpage - https://www.mfsa.mt/privacy-notice/.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: 83/2026

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