Through this recruitment, the MFSA is looking for applicants with a finance or legal related academic background to increase the current pool of internal expertise in the Enforcement Section. The eventual appointee will be appointed at management level (Analyst 3) and will form part of a multidisciplinary team of analysts within the Enforcement Section of the Enforcement Unit.
- A University of Malta Honours Degree or equivalent qualification in a financial services related discipline or in an area which is otherwise considered relevant to the functions and duties attached to this post, or in Law (LL.D), or a comparable recognised qualification at NQF level 6 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC)*.
- A relevant Post-Graduate Degree would be considered as an advantage.
- Candidates are expected to have:
- Work experience, ideally within the financial services sector for a number of years, with a required minimum of five (5) years and preferably with eight (8) years;
- A sound knowledge of financial services legislation and familiarity with the financial services regulatory framework and experience within a compliance or an investigative and/or analytical environment preferably for a minimum of four (4) years.
The Analyst 3 (Enforcement) will work closely with and support senior management within the Enforcement Section of the Enforcement Unit.
The duties of the Analyst 3 shall primarily be the review of actions and where necessary the conduct of investigations of financial services licence holders or other authorised persons and /or their officials who have or are suspected of having committed serious compliance failures, serious misconduct or any other serious breaches of applicable laws, regulations, rules or other regulatory requirements. The Analyst 3 will also be responsible for the investigation of persons carrying on financial services activities without having the necessary licence or authorisation.
The duties and responsibilities of the Analyst 3 (Enforcement) shall include:
- Investigation of licence holders and related enforcement action
- Coordination and cooperation with supervisory units
- Discussing investigative strategy with senior management
- Collection of information, documentation and evidence
- Attending meetings with licence holders and unauthorised persons under investigation
- Conducting on-site investigation visits and surprise inspections
- Analysing, assessing and discussing findings of investigations
- Identifying breaches or wrongdoing
- Preparing investigation reports, memos and correspondence
- Consideration of representations received and discussing with senior management
- Preparation of memos for submission to Supervisory Council
- Following up on decisions of Supervisory Council
- Attending court sittings as necessary
- Investigation of unauthorised business and related enforcement action
- Investigation of dubious and/or fraudulent activities or schemes
- Investigation of financial crime and referral to the police
- Internet searches and investigations
- Preparation of notices and warnings to the public
- Preparation of reports to the police and attending meetings with the police
- Other duties and tasks as may be assigned by senior management.
Soft Skills Required
- ability to multi-task and to meet strict deadlines;
- very good written and verbal communication skills;
- ability to work within and lead a team;
- ability to work on own initiative;
- a high degree of self-confidence;
- assertive qualities;
- ability to conduct interviews of persons and to carry out inspections.