9 days ago
Malta Financial Services Authority
About Conduct Supervision
Conduct Supervision oversees the way in which regulated entities design their products and services as well as the way in which they manage their relationship with consumers. By setting up a regulatory framework that secures appropriate customer protection, the Function ensures that clients of financial services are treated fairly, honestly and professionally by regulated entities.
The Financial Promotion and Risk Assessment Team (FinPro) deals with conduct matters on a cross sectoral basis i.e. investments; insurance and banking sectors. The work carried out from a supervisory aspect mainly focuses on the following areas:
Take responsibility for and supporting Conduct Supervision's top management in assessing the policy impact of new/revised applicable EU Directives and/or Regulations;
Ensuring that the necessary updates and amendments are made to the Conduct of Business Rulebook on an ongoing basis and as required;
Review cross-sectorial Financial Promotions of applicable Regulated Persons and action on any uncompliant marketing material;
Create and implement a risk-based review of Financial Promotions of applicable Regulated Persons;
Coordinating the collation of Conduct Related Data on a cross-sectorial level (Banking, Insurance & Investments) as well as the analysis of such information to identify conduct related trends to assess any potential conduct risk; and
Taking responsibility for coordinating industry replies in relation to Conduct of Business Rulebook queries and queries from other regulatory bodies.
This is a challenging cross sectoral role at the hub of the Conduct Supervision Function, which focuses on data reporting & analysis and ex-post review of marketing materials.
Some of the tasks you will be handling will include:
Taking a role in the MFSA's work with the European Supervisory Authorities (‘ESA') participating in committees and cooperating in their work so far as it impacts the Maltese financial services sector;
Overseeing data collection across the sectors to comply with ESA requests and reporting requirements;
Responsibility for the day to day running of the Financial Promotion and Risk Assessment team, training and overseeing the team members, take decisions within your remit and escalate as appropriate;
Interacting with the Senior Management with respect to technical matters and other aspects concerning the conduct of business regulatory requirements;
Leadership and mentoring of the FinPro team; and
Any other tasks as delegated by Senior Management.
We are looking for candidates with a solid academic background in financial services or related areas. You will need to have academic qualification/s 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.
A relevant post-graduate degree will be considered as an asset.
You will also have a minimum of eight (8) years' working experience relevant to the role. Candidates with longer working experience relevant to the role will be preferred.
If you do not have the necessary academic or professional qualifications but you have at least fifteen (15) years of relevant experience, we would still be interested in speaking with you.
Candidates will also be required to demonstrate in depth knowledge of regulatory requirements applicable to the one of the securities, banking and insurance sectors, with a foundation level knowledge of the regulatory framework for the other sectors; together with managerial skills and experience managing a team.