2 months ago
Malta Financial Services Authority
Unfortunately this job has now expired. However you can view all of our Live jobs here.
The Banking Supervision Function at the MFSA is entrusted with the onsite and ongoing supervision of licensed banks and non-bank financial institutions (FIs), as well as their Authorisation. The Function also carries out supervision of Significant Credit Institutions (SIs) together with the European Central Bank through the Single Supervisory Mechanism (SSM). The Policy Section within Banking Supervision provides policy stances and legal advice, both within the MFSA and to external stakeholders, with a view to the consistent and effective application of the local legislation as well as European Regulations and Directives. The team is also tasked with the transposition and implementation of such EU legislation and guidelines issued by the European Banking Authority.
The successful candidate will join a multidisciplinary team and will be expected to provide efficient and professional legal services and contribute to the various duties that are undertaken by Banking Supervision, including the following tasks as necessary:
Attending and participating in local and overseas training, meetings and working groups, particularly those relating to the EBA, ECB, ESRB and BIS and other European regulatory bodies, and providing input as required;
Representing Banking Supervision during legal proceedings at any court or tribunal as may be necessary from time to time;
Representing Banking Supervision during Parliamentary sittings discussing legislation related to Banks and FIs and the drawing up of the necessary documents as appropriate;
To liaise with Senior Management as required to achieve the objectives of the function, including contributing to departmental priorities outside of own area of responsibility;
To deputise for the line manager where and as required;
Other ad hoc related duties as may be required by Senior Management of the function from time to time and to report on the outcome of such assignments as may be appropriate and necessary.
You will also be responsible for managing and mentoring more junior lawyers within the team and contributing to a broad range of responsibilities on behalf of Banking Supervision, including, but not limited to:
Providing, reviewing and overseeing legal advice;
Identifying, performing, reviewing and overseeing legislative amendments;
Participating, reviewing and overseeing the development of procedures;
Performing, reviewing and overseeing work in the preparation of policy stances on regulatory issues.
We are looking for candidates with a solid academic background in Law. The role requires a University of Malta Degree in Law (LL.D or Master of Advocacy) or a comparable recognised legal qualification at National Qualification Framework Level 6 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC), together with possession of a warrant to practice in the Courts of Malta.
Possession of a post graduate degree in a discipline relevant to the financial services sector would be considered an asset.
You will also possess a minimum of five (5) years working in the area of financial services, with solid experience in banking and/or financial services legislation and legal area.