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Analyst (Compliance) within Insurance & Pensions Supervision

  • Location

    Malta

  • Sector:

  • Salary:

    Attractive

  • Job Reference:

    IPS/047/2020

  • Published:

    19 days ago

  • Expiry:

    2021-03-11

  • Client Details:

    Malta Financial Services Authority

  • Skills tags:

    Compliance

About Insurance & Pensions Supervision

The Insurance and Pensions Supervision is responsible for the prudential 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 relating to insurance, pensions, accounting, legal, quantitative analysis, actuarial, compliance and others.

The Role

The selected candidate will be joining an analytical and multidisciplinary team of supervisors. The selected candidate will be expected to apply his/her academic qualifications and work experience to the various day to day duties as directed by the Head of the Insurance & Pensions Supervision Unit or any other official who the Director designates for that purpose.

Reporting to the Senior Manager - Compliance & Risk within Insurance and Pensions Supervision, the individual will be expected to carry out the following tasks: 

  • Assist the team in onsite and offsite supervision, in order to carry out prudential supervision of licensed insurance / pension licence holders;

  • Undertake analytical duties related to compliance by insurance / pension licence holders in line with their statutory obligations emanating from their operating licences;

  • Carry out on-going off-site surveillance on licence holders;

  • Assist in the monitoring of the level of compliance with applicable regulatory standards by licence holders;

  • Participate in on-site compliance visits of licence holders;

  • Involvement in ‘ad hoc’ assignments related to specific regulatory and supervisory issues that arise from time to time;

  • Report on the outcome of the different assignments as may be appropriate and necessary.

About You

We are looking for candidates with solid academic background in Insurance, Pensions 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 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 seven (7) 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;

  • Excellent attention to detail;

  • Ability to work well within a team;

  • Ability to listen actively and to work on one’s initiative when required;

  • Well developed research skills;

  • Good analytical and problem solving skills.

Interpersonal skills:

  • Self reliant and able to take initiative;

  • Effective communicator in a variety of situations;

  • Enthusiastic approach to work;

  • Continues to seek ways of innovating and improving quality and efficiencies in processes and procedures.