The Financial Stability function is responsible for identifying and assessing risks which have the potential to spread within the financial sector and the real economy (systemic risks). Through its own macroprudential research and analysis of the financial sector, which covers the banking, insurance and securities sectors, the function contributes to the formulation of policies aimed at mitigating identified risk. Within the function, the Intelligence and Research team is responsible for the function's statistical capabilities and for conducting rigorous quantitative and qualitative analysis to assess economic and external factors, structural shifts, and market practices that may impact the financial services sector, as well as assessing the implications of related policy measures and initiatives proposed to address them.About the Role As an Analyst within Financial Stability Function you will be expected to carry out the following tasks:
Identify and assess current and emerging risks and vulnerabilities, such as developments in real estate, cyber risk, crypto-assets, the broader economy and their potential transmission channels to the financial system;
Assist in the development and enhancement of data infrastructures, analytical and modelling tools, including statistical and econometric modelling to monitor systemic risks;
Support research and forward-looking analysis on topics relevant to financial stability, including undertaking thematic studies;
Assist in the preparation of analytical outputs, including internal risk assessments, dashboards and technical reports;
Collaborate with colleagues from other functions and establish strong working relationships with external institutions as directed;
Contribute to the drafting of financial stability publications; and
Undertake any other duties as assigned by the Head and/or as may be required by the MFSA from time to time based on the exigencies of the Authority.
About You You will hold qualification at MQF Level 6 or equivalent qualification in economics, mathematics, finance, statistics or other relevant field. Professional certifications in the field are advantageous. A Post Graduate Degree in any areas mentioned above would be considered an asset. If you do not have the necessary academic qualifications and minimum years' experience but you have at least five (5) years of relevant experience, we would still be interested in speaking with you.
The ideal applicant should demonstrate the following skills/competencies:
Have an interest in financial services;
Be self-driven with the ability to multitask and meet deadlines;
Have the ability to prioritise and deliver quality work under pressure;
Demonstrate attention to detail and strive for quality and accuracy in reports produced;
Possess excellent verbal and written communication skills;
Have the ability to build collaborative working relationships, both internally within the Authority and with external stakeholders; and
Demonstrate sound analytical skills.
Any knowledge of programming languages such as Python, R and SQL would be considered an asset.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.
