2 months ago
Malta Financial Services Authority
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 main tasks of the Investments Supervision team are to supervise Investment Firms to ensure that they act professionally, honestly and in accordance to the best interest of the client. When joining this team you will be actively participating in onsite inspections with experienced team members, where you will be exposed to different business models as well as varying conduct-related subjects. Furthermore, you will also conduct offsite supervisory checks as required from time to time depending on the necessities of the team.
Within this role you will be will be joining the Investment Firms team within Conduct Supervision which has the primary responsibility of conducting onsite inspections of investment firms with a view to assess their adherence to the applicable Conduct of Business rules, transposing the MiFID II framework.
You will be involved in a number of tasks, including:
Acting as front line supervisor and technical point of reference to the Investment Firms Team in so far as Online Forex Trading, Contracts for Differences (CFDs) and similar online business models are concerned and the application of the relevant regulatory requirements as detailed in the Conduct of Business Rulebook and related ESMA literature;
Provide an insight on the operational technicalities of the corresponding online platforms vis-à-vis the application of regulatory requirements;
Lead and/or participate and/or support thematic reviews (including on-site inspections) undertaken by the team;
Drive and support cases involving problematic Investment Firms from an offsite monitoring perspective and liaise with other Functions/sub-teams in raising recommendations, primarily to safeguard the interests of underlying investors;
Contribute or lead policy related projects using technical knowledge and experience as well as project management skills;
Communicate and liaise with license holders, national and foreign regulators as well as representing the Function in meetings as necessary;
Undertake any other work or projects as delegated by senior management.
We are looking for a person with University degree in Finance/ Economics/ Mathematics or related field and with a solid background in financial services. You will need to have academic qualification/s in the 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.
Previous experience in Online Forex/CFDs platforms and Online platforms is a must;
Excellent analytical skills and proficient in the use of Microsoft Excel;
Experience in reading and interpreting the Maltese regulatory framework and legislation applicable to investment firms;
Ability to analyse supervisory problems and interpret regulation in relation to supervisory issues and raise well-grounded recommendations based on sound judgement;
Relationship management skills with the ability to engage with MFSA`s stakeholders in a sound and credible manner;
Strong report writing, communication and reviewing skills;
Strong team player with the ability to adjust seamlessly to changing priorities.