About the Department

The regulation and supervision of professional trustees and other fiduciaries as well as company service providers falls within the remit of the MFSA and in fact the MFSA has a specific function designated with the responsibility for the authorisation as well as the supervision of both sectors. The function's main objective is to ensure that licensed trustees and fiduciaries and company service providers have the appropriate structures and systems in place to service clients adequately whilst at the same time preserving their reputation as well as Malta's reputation, taking into account our international commitments. A mixture of tools are utilised with respect to supervision, consisting of both onsite inspections as well as offsite work and assessments.

 About the Role

Within this role you will be joining the Trustees and Company Service Providers Supervision team in the review of the conduct of respective licence holders.

Your work will include any of the following tasks aimed at verifying that authorised trustees and company service providers are meeting the requirements of the Trusts and Trustees Act, the Company Services Providers Act and the relevant rules and regulations issued thereunder, as applicable:

• Reviewing and analysing the regular offsite reporting of authorised persons, including annual financial statements, compliance reports and other regulatory returns;
• Assisting in dealing with queries from authorised persons relating to supervision;
• Participating in, or assisting and supporting other staff members in the conduct of onsite inspections and other supervisory engagements at authorised trustees, fiduciaries and company service providers;
• Assisting in the maintenance and dealing with requests for information from third parties in relation to the applicable legislative and regulatory framework, including those relating to the Register of beneficial owners of trusts;
• Carrying out ad hoc assignments related to specific regulatory and supervisory issues that may arise from time to time and to report on the outcome of such assignments as may be appropriate; and
• Undertake any other tasks as delegated by senior management in line with the exigencies of the Function

 About You

We are looking for candidates who are eager to join an enthusiastic team with a passion for compliance. You should have a solid academic background in Law, Banking & Finance or any other related area, to increase the current pool of internal expertise in the Trustees and Company Service Providers Supervision Function. Experience or background knowledge related to trust management and company service providers will be considered as an asset for this role.

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.

If you do not have the necessary academic or professional qualifications but you have at least five (5) years of relevant experience in a compliance or an investigative and/or analytical environment, we would still be interested in speaking with you.

The ideal applicant should demonstrate the following skills/experience:

• Self-driven and ability to meet deadlines;
• Interest in financial services;
• Attention to detail and strive for quality and accuracy of the work;
• Excellent time management skills and ability to adapt to changing priorities as may be necessary;
• Ability to maintain good working relationships with other team players and with the industry in general; and
• Excellent verbal and written communication skills.

Other Information

The MFSA is an Equal Opportunities Employer as certified by the NCPE (National Commission for the Protection of Equality) and is committed to a policy of equal opportunity in all aspects of employment and will take care to avoid any form of discrimination in its recruitment procedures. The MFSA reserves the right to withdraw this call at any time and not to select any of the Candidates.

It is the responsibility of applicants in possession of qualifications awarded by Universities and other similar institutions outside Malta to produce a recognition statement on comparability of qualifications issued by the Malta Qualifications Recognition Information Centre (MQRIC). Applicants should do so preferably at application stage or otherwise at the preliminary interview should an applicant be selected for such interview. Details can be obtained by accessing the National Commission for Further and Higher Education website on www.ncfhe.gov.mt under MQRIC heading.

The MFSA shall ensure that any processing of personal data is in accordance with Regulation (EU) 2016/679 (General Data Protection Regulation), the Data Protection Act (Chapter 586 of the Laws of Malta) and any other relevant European Union and national law. For further details, you may refer to the Data Protection Policy on the MFSA webpage www.mfsa.mt.

Candidates are to note that the submission of any false statement/s or omission, even if unintended, may lead to the cancellation of their application and may render the candidate's appointment liable to termination.

Furthermore, please note that candidates may be asked to submit any documentation in support of the information provided, including but not limited to, proof of qualifications and Police Conduct Certificates.

Public Call Permit: 586/2023