About Department

As the Financial Services industry increasingly relies on Information and Communications Technology (ICT), innovation is being driven forward, leading to the emergence of entirely new sectors. Consequently, the importance of ICT Risk and Cybersecurity remains highly relevant.

The Supervisory ICT Risk and Cybersecurity Function forms part of the MFSA’s Supervision Directorate. It is cross-sectorial and has been established to focus on one of the Authority’s outlined key strategic priorities – to address ICT risks and digital finance challenges with a focus on strengthening operational resilience, within the framework of the Digital Operational Resilience Act (DORA). As part of its supervisory role, the portfolio of activities includes rigorous oversight to ensure that regulated firms within the industry are effectively managing their ICT risks and maintaining a resilient cybersecurity framework. This is done in accordance with applicable acts, regulations, rules, and sector-specific guidelines. The function participates and contributes in various working groups, task forces and committees at local and international levels, and develops policies and guidelines for the industry.

The Supervisory ICT Risk and Cybersecurity Function provides expert advice on ICT and Cybersecurity matters to other functions within the MFSA as required. It is also a contributor on emerging strategies, especially those that are technology focused. The function is also the contact point for cyber incident reporting by regulated firms.

 

About Vacancy

The MFSA is seeking to employ a Junior Assistant within the Supervisory ICT Risk and Cybersecurity Function which plans to grow and further evolve, to continue delivering effectively on its mission.

 

About Role

The selected candidate will work in a dynamic team within the Supervisory ICT Risk and Cybersecurity function. The role encompasses:

• The conduct of analyses arising from the various activities carried out by the function to identify any patterns and/or trends;
• Assisting in the development and amendment of rules and guidelines as necessary to address changes arising from EU Regulation, Directives and other EU legislative acts, national law, European Supervisory Authority policy, guidelines and market developments;
• The development and maintenance of operational procedures;
• Assisting in the preparation of reports as required;
• Assisting in cross-functional projects and initiatives as necessary;
• Assisting in the preparation of documents or position papers for submission to the Authority’s decision-making body and/or follow up on decisions taken by the latter in relation to ICT Risk and Cybersecurity;
• Other duties that may be assigned by the respective line manager and/or head of function from time to time.

 

 

About You

The selected candidate will need to have embarked on an academic journey in ICT law and/or Computer Information Systems, Information Technology, or Information Security, OR in Financial Services and/or FinTech with a view to develop further in the ICT Risk and Cybersecurity aspects of Financial Services.  Industry Certifications in ICT, ICT Risk and/or Cybersecurity would be considered an advantage.

The selected candidate is expected to be a confident individual who is flexible, proactive, dynamic, having a critical and analytical mind-set and attention to detail.  The individual is also required to demonstrate good research and have excellent oral, written and presentation skills.

 

Additional 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: 335/2021