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Analyst (within Supervisory ICT Risk and Cybersecurity)

  • Location


  • Sector:

    Financial Services

  • Contract Type:


  • Salary:


  • Job Reference:


  • Published:

    23 days ago

  • Expiry:


  • Client Details:

    Malta Financial Services Authority

​As the Financial Services industry experiences a widespread increase in the use of, and reliance on Information and Communications Technology (ICT), and as ICT including emerging technologies, is enabling innovation within the industry including the introductions of new sectors altogether, the relevance of ICT Risk and Cybersecurity continues to persist.The Supervisory ICT Risk and Cybersecurity Function forms part of the MFSA Supervision Directorate, it is cross-sectorial, and has been recently established to focus on one of the Authority outlined key strategic priorities Cybersecurity and Resilience. As a supervisory function, its portfolio of activities include effective supervision, which aims to ensure that regulated firms within the industry, are effectively managing their ICT risks, and have a resilient cybersecurity framework in place, in line with Acts, Regulations, rules or sector-specific guidelines. The function participates and contributes in various Working Groups, Task Forces and Committees at local and international levels, and develops policies and guidelines for the industry. The Supervisory ICT Risk and Cybersecurity Function provides expert advice on ICT and Cybersecurity matters to other functions within the MFSA as required. It is also a contributor on emerging strategies especially those that are technology focused. The function is also the contact point for cyber incident reporting by regulated firms.

The selected candidate will work in a dynamic team within a newly established Supervisory function in the areas of ICT Risk and Cybersecurity.  The role encompasses:

  • Assisting Supervisory functions during the authorisation stage of prospective Licence Holders;

  • Assisting in supervisory activities in line with supervisory priorities and the risk-based supervisory approach established by the Authority;

  • The conduct of micro and macro level analyses arising from the various activities carried out by the function to identify any patterns and/or trends;

  • Assisting other functions within the MFSA on ICT Risk and Cybersecurity matters as required;

  • The opportunity to participate in various Working Groups, Task Forces and Committees at local and international levels in relation to ICT Risk and Cybersecurity;

  • Assistance in the preparation of replies on EU proposals on legislative changes as well as eventual transposition of EU legislation into Maltese law;

  • Assisting in the development and amendment of rules and guidelines as necessary to address changes arising from EU Regulation, Directives and other EU legislative acts, national law, European Supervisory Authority policy, guidelines and market developments;

  • Assisting in public consultations pertaining to the publication of new or amended rules and guidelines;

  • The development and maintenance of operational procedures;

  • Assisting in the preparation of reports as required;

  • Assisting in cross-functional projects and initiatives as necessary;

  • Assisting in the in the preparation of documents or position papers for submission to the Authority’s decision-making body and/or follow up on decisions taken by the latter in relation to ICT Risk and Cybersecurity;

  • Keeping abreast with developments in the areas of ICT Risk and Cybersecurity, including keeping current with technology advancements, emerging technologies especially those in use within the Financial Services sphere, and the persistent threat landscape;

  • Keeping abreast with regulatory development and market evolution;

  • Other duties that may be assigned by the respective line manager and/or head of function from time to time.

About You

The selected candidate will need to have a solid academic background in ICT law and/or computer information systems, information technology, or information security, as well as a sound knowledge of financial services legislation and familiarity with the financial services regulatory framework. Industry Certifications in ICT Risk and/or Cybersecurity and/or a relevant post-graduate degree would be considered an advantage.

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 Qualification Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level.

The selected candidate is expected to be a confident individual who is flexible, proactive, dynamic, having a critical and analytical mind-set and a high attention to detail.  The individual is also required to demonstrate good research and have excellent oral, written and presentation skills.

You will also possess a minimum of three (3) years working in the area of financial services and/or compliance with financial services regulation for a number of years.

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