about 1 month ago
Malta Financial Services Authority
Securities and Markets Supervision is responsible for overseeing investment services license holders, trading venues, central securities depositaries, recognised private collective investment schemes, etc. The Function is also responsible for the regulation and oversight of activities in capital markets including the processing of applications for admissibility to listing on Regulated Markets and the prevention of financial market abuse.
The Funds Team is responsible for the supervision of collective investment schemes, fund managers, custodians and recognised fund administrators. The Team conducts both desk-based reviews through the review of financial documentation and data analysis, as well as supervision through onsite inspections. The offsite compliance involves engaging with licence holders on a daily basis and monitoring ongoing developments in the business. Onsite inspections involve the analysis and evaluation of processes, procedures and internal controls maintained by the licensed entities depending on the nature of the visit, which may vary from broad scope general visits to thematic ones.
The Team also undertakes enhanced supervision of licence holders which either have a history of non-compliance or require close monitoring. In addition, the Team is highly involved in policy matters and is actively involved in the transposition of EU legislation into local legislation. In particular, the Team is responsible to supervise compliance with the Alternative Investment Fund Managers (AIFMD) and the Undertaking for the Collective Investment in Transferable Securities Directives (UCITS).
Within this role you will form part of the Funds Team. Here, you will be expected to carry out the following tasks:
Act as a relationship manager for a portfolio of licence holders, corresponding directly with these counterparties, reporting findings and resolving issues as they arise;
Use judgement to identify high risk cases and prioritising accordingly, escalating issues when necessary to senior management;
Perform analytical reviews to observe the level of compliance by licence holders with the applicable regulatory standards and regulatory obligations emanating from the relevant EU directives;
Undertake reviews of financial regulatory returns, audited financial statements and analyse other data/packs forming part of offsite supervision;
Communicate and liaise with licence holders and attend meetings as necessary;
Conduct desk-based reviews to determine whether licence holders are compliant with local primary and secondary legislation as well as regulations relating to funds and their service providers as updated from time to time;
Attend and assist the Team on onsite compliance inspections conducted on Licence Holders under the relationship allocation of the analyst;
Draft pre and post inspection reports relating to supervisory onsite inspections;
Undertake other supervisory ad-hoc tasks or projects as delegated by line management.
The required candidate should have a solid academic background in Law, Accountancy, Banking and Finance or in Economics or in another finance related background.
You'll be required to have academic qualification in a relevant area 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 have at least three (3) years' experience in the area of financial services and/or compliance with financial services regulation for a number of years. Candidates with longer working experience relevant to the role will be preferred.
If you do not have the necessary academic or professional qualifications but have at least seven (7) years of relevant experience, we would still be interested in speaking with you.
The following skill set is a must for this position:
The ability to multi-task and work on own initiative;
The ability to work in a team;
Excellent verbal and written communication skills;
The ability to cope with a large volume of supervisory work, meet deadlines, prioritise and deliver under pressure;
Sound analytical and judgmental skills.