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Senior Analyst (Insurance) within Conduct Supervision

  • Location

    Malta

  • Sector:

    Financial Services

  • Contract Type:

    Permanent

  • Salary:

    Attractive

  • Job Reference:

    CS/028/2020

  • Published:

    about 1 month ago

  • Expiry:

    2020-11-29

  • Client Details:

    Malta Financial Services Authority

Unfortunately this job has now expired. However you can view all of our Live jobs here.

Dear Candidate, kindly note that this role is not managed by Castille. The Client is responsible to manage the application process.

About Conduct Supervision

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 Supervision section is a relatively newly-formed team which is projecting growth as it 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. 

The Role

Within this role you will be joining the Insurance team in the review of conduct of the respective licence holders. You will be reporting to the Deputy Head (Insurance) within Conduct Supervision. 

The selected individual will be expected to carry out the following tasks:

  • Supervise the work activities of the other team members to ensure that the duties assigned to the team are effectively carried out.

  • Participate in and lead onsite inspections carried out at the premises of insurance undertakings and intermediaries  with  a  view  to  assess    adherence  to  the  applicable conduct of business rules.

  • Lead and participate in any thematic reviews with respect to the insurance sector.

  • Review the soundness of quantitative disclosures made to consumers as part of regulatory requirements.

  • Mentor other junior analysts in the carrying out of their respective duties.

  • Assume responsibility for the management and development of direct reports.

  • Handle planned or reactive conduct issues that arise on a day to day basis.

  • Exercise supervisory judgement in handling cases, challenging insurance undertakings and intermediaries on   consumer   protection   issues   and   ensure   that   such   issues   are   dealt   with expeditiously.

  • Undertake  any  other  tasks  as  delegated  by  senior  management  in  line  with  the exigencies of the Conduct Supervisory Unit and the Authority.

  • Represent the MFSA in engagement with internal and external stakeholders, including representation on any Standing Committees/Working Groups relating to investor protection of EIOPA.

  • Assist  in  work  related  to  the  legislative  process,  in  particular  in  relation  to  the drafting or review of draft laws, rules and regulations and s/he will also be involved in   leading   work   related   to   the   preparation   of   replies   with   regards   to   EU questionnaires.

About You

We are looking for candidates with solid academic background in accountancy, insurance, economics, and/or law or in another finance related background. Candidates having experience in a numerical/quantitative environment 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 five (5) years working in financial services, ideally in the area of insurance.

If you do not have the necessary academic or professional qualifications but you have at least ten (10) years of relevant experience, we would still be interested in speaking with you.