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Analyst (On-Going Supervision) within Banking Supervision

Job Title: Analyst (On-Going Supervision) within Banking Supervision
Location: Malta
Salary: Attractive
Reference: BS/004/18
Job Published: January 25, 2019 11:02

Job Description

The Banking Supervision (BS) within the MFSA is entrusted with the on-site and ongoing surveillance of licensed banks and non-bank financial institutions following the issue of their licence from the Authorisation Unit. The section carries out supervision of Significant Institutions (SIs) together with the European Central Banks through the Single Supervisory Mechanism (SSM). Less Significant Institutions (LSIs) are supervised directly by Banking. The team employs persons with a banking background, but also legal and IT professionals to support policy and supervisory work.
The Role

The MFSA is looking to recruit Analysts to work in teams responsible for carrying out ongoing supervision of a SI or a group of LSIs. The oversight of banks is carried out in line with the Single Supervisory Mechanism (SSM) Supervisory Manual. Through the ongoing supervision of licensed entities the Authority seeks to ensure the continuous monitoring of relevant developments in the banking sector. This will contribute to the Authority’s ability to fulfil its functions at law, which include, but are not limited to, promoting the general interests and the legitimate expectations of consumers of financial services. The duties of analysts in the ongoing team involve:  

  • Working on the Supervisory Review and Evaluation Process (SREP);
  • Analysis of statutory supervisory returns and bank documents including financial statements and the banks’ ICAAP and ILAAP documents;
  • Other ad hoc supervision related duties as may be required by the Senior Management of the Office from time to time;
  • Represent the MFSA at various working groups, task forces and similar groups, including those at the ECB and the EBA.
About You

We are looking for candidates with good analytical skills, a solid academic background in Banking & Finance or Accountancy or Economics and/or in another financial services related subject.

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 three (3) years working experience in the area related 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 seven (7) years of relevant experience within the financial services environment, we would still be interested in speaking with you.

*Dear Candidate, kindly note that this role is not managed by Castille. MFSA, in this case, is responsible to manage the application process. In case of any difficulties, feel free to contact, and we will direct your query to the relevant contact at MFSA.