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Analyst (Trust Supervision) within Conduct Supervision

  • Location


  • Sector:

    Financial Services

  • Contract Type:


  • Salary:


  • Job Reference:


  • Published:

    about 1 year ago

  • Expiry:

    31 May 00:00

  • Client Details:

    Malta Financial Services Authority

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Conduct Supervisory section 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 Supervisory section is a relatively newly-formed team which currently employs 25 persons and is projecting growth as it is gradually assuming a cross-sectorial function covering under its remit supervision in conduct of credit institutions, securities, trustees, company service providers, as well as insurance and pensions.

Malta is one of the few civil law jurisdictions which has integrated trusts into its legal system, and it is quite unique in that it has adopted a regime whereby trustees are regulated as opposed to the self-regulation regime adopted by other prominent trust jurisdictions. Malta has in fact recognised that trustees as well as other fiduciaries are deemed to be gatekeepers to the financial system in view of the fact that the structures which they set up may have wide-ranging effects and uses within the financial sector as a whole. In this respect the MFSA’s scrutiny of the trustee and fiduciary service providers is taken very seriously in view of the heightened risks which these sectors may pose. The regulation and supervision of professional trustees and other fiduciaries fall within the remit of the MFSA.

The Conduct Supervision function in fact comprises of a team dedicated to the supervision of trustees and other fiduciaries. This team’s main objective is to ensure that licensed trustees and fiduciaries have the appropriate structures and systems in place to service clients adequately whilst at the same time preserving their reputation as well as Malta’s reputation, taking into account its international commitments. A mixture of tools is utilised with respect to supervision, with onsite inspections being the most frequently utilised method. However, with a view to enhance the team’s supervisory outreach, we are in the process of consolidating a team which will be dedicated to the offsite supervision of this sector.

The Role

As Analyst in Grade 7, duties shall include:

  • Conducting  on-site  supervision  visits  to  verify  that  authorised  trustees  are  meeting  the requirements of the Trusts and Trustees Act and the relevant rules and regulations;
  • Reviewing the regular off-site reporting, including annual financial statements and returns;
  • Assisting in dealing with queries from authorised persons relating to supervision;
  • Assisting in the supervision of company services providers;
  • Assisting in the maintenance and dealing with requests for information from third parties in relation to the Register of beneficial owners of trusts;
  • 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;
  • Undertake any other tasks as delegated by senior management in line with the exigencies of the Unit.

About You

We are looking for candidates with solid academic background in Law, Banking & Finance or in another finance related background.

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 financial services.

If you do not have the necessary academic or professional qualifications but you have at least seven (7) years of relevant experience, we would still be interested in speaking with you.

*Dear Candidate, kindly note that this role is not managed by Castille. MFSA, in this case, is responsible to manage the application process. In case of any difficulties, feel free to contact brand@castilleresources.com, and we will direct your query to the relevant contact at MFSA.

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