About Department

The Due Diligence function is responsible for conducting due diligence checks on persons being proposed to take on approved positions within entities licensed by the MFSA. This necessitates a close collaboration between the different functions of the MFSA both of a supervisory and regulatory capacity in order to carry out its work more effectively.  Among its many duties, the function is responsible for carrying out probity screenings in relation to all qualifying shareholders as well key functionaries within a licensed entity. The Due Diligence Function is responsible for carrying out ongoing checks, on a risk-based approach, to verify that approved persons are still of good repute.

The Role

You will be responsible for the following duties:

• Carrying out due diligence (DD) and enhanced due diligence (EDD) checks and enquiries on individuals/entities;
• Conducting reviews of application documentation submitted to the function as part of the DD and/or EDD process;
• Screening of problem/high risk involvements;
• Carry out ongoing checks on a risk-based approach to verify that approved persons are of good repute;
• Carrying out Internet searches and investigations, both reactive and proactive;
• Analysing, assessing, discussing and presenting of findings of investigations;
• Preparing investigation reports, memos and correspondence;
• Coordination and cooperation with other functions;
• Contribute towards internal policy development;
• Contribute towards the growth of the due diligence function and its standing within the Authority;
• Other duties and tasks as may be assigned by senior management.

About You

To qualify for this job, you will need to have academic qualification in Financial Services, Criminology or in another related subject at National Qualification Framework Level 6 (MQF6) or better. If your qualifications are not Maltese, please make sure that they are certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level.

A sound knowledge of financial services legislation and familiarity with the financial service’s regulatory framework and a relevant Post-Graduate Degree would be considered as an advantage.

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

The following skill set would be the ideal match:

• The ability to multi-task and work on own initiative;
• The ability to work in a team;
• Excellent verbal and written communication skills;
• The ability to cope with a large volume of work, prioritise and deliver under pressure;
• Sound analytical and judgmental skills.

Other Important 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.org.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: 540/2023