4 months ago
Malta Financial Services Authority
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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. The Conduct Function is a relatively newly-formed team which currently employs around 40 persons and is gradually assuming a cross-sectorial function covering under its remit supervision in conduct of credit institutions, securities, trusts, company service providers, as well as insurance undertakings and intermediaries.
Within this role you will be joining the Financial Promotion and Risk Assessment (FinPro) team which has the primary responsibility to act as ‘radar’ for the Conduct Function in identifying and assessing the risks to consumers, both emerging and current and to monitor the promotional efforts of regulated persons. Reporting to the Senior Manager within the Financial Promotion and Risk Assessment team, you will be expected to carry out the following tasks:
Assisting in the monitoring of the promotional efforts of the Regulated Entities, to ensure that the regulatory requirements in this regard are being complied with;
Assisting in carrying out an assessment of the disclosures being made to clients/customers of regulated entities to ensure that these are fair, clear and not misleading;
Assisting in the drafting of the material to be used for the educational campaigns to be launched during that year;
Assisting in identifying any potential risks which may be posed by certain activities of Regulated Persons and which would need to be addressed from a supervisory perspective;
Assuming responsibility for the management and development of direct reports;
carrying out ‘ad hoc’ assignments related to specific regulatory and supervisory issues that may arise from time to time and to report on the outcome of such assignments as may be appropriate;
Undertaking any other tasks as delegated by senior management in line with the exigencies of the Function
We are looking for candidates with solid academic background in financial services, law or in another related background. A relevant post graduate degree would be considered an asset.
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 three (3) years working 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 seven (7) years within a compliance or an investigative and/or analytical environment, we would still be interested in speaking with you.