Through this recruitment, the MFSA is looking for applicants at a middle-management level with an accountancy background to increase the current pool of internal expertise in this particular area. The eventual appointee will form part of a multidisciplinary team of analysts/supervisors within the Insurance & Pensions Supervision Unit.
A University Honours Degree in Accountancy or an ACCA or a comparable recognised qualification in accounting at NQF level 6 or better duly certified by the Malta Qualifications Recognition Information Centre (MQRIC)*. Applicants who already hold an Honours Degree in a Finance related subject and who are in their final stages of completion of the ACCA Qualification may also be considered.
A relevant Post-Graduate Degree would be considered as an asset.
Applicants with a required minimum of three (3) years and preferably with five (5) years’ proven work experience in financial analysis of insurance or pension related data.
The selected candidate will play a leading role within multidisciplinary teams of on-site and/or off-site supervisors at the Insurance and Pensions Supervision Unit.
S/he will be required to co-ordinate and/or undertake duties of an analytical nature in relation to periodic financial data submitted by licence holders in line with their statutory obligations emanating from their operating licences. This work is undertaken as part of the on-going offsite surveillance process undertaken by the MFSA on licence holders.
The main purpose of these analytical exercises is to monitor the business performance of licence holders together with their level of compliance with applicable regulatory standards and obligations emanating from the Insurance and Pensions legal framework and to identify potential risks in relation to operations and capital adequacy. Another purpose is to identify any further action that might be necessary on the MFSA’s part as a result of the surveillance process.
The Analyst will also be required to involve himself/herself in ‘ad hoc’ assignments related to specific regulatory and supervisory issues that arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary. S/he may also be involved in on site compliance visits.
Soft Skills Required
- ability to multi-task and to meet strict deadlines
- well developed written and verbal communication skills
- ability to work within a team
- ability to listen actively and to work on one’s initiative when necessary
- a high degree of self confidence
- basic negotiation skills