About the Department 

The Conduct Supervision Function is responsible for the setting up and implementation of the regulatory framework aiming to secure appropriate consumer protection in operations of licence holders in the financial services industry in order to ensure that clients of such entities are treated fairly, honestly, and professionally by regulated entities. The Function adopts a pre-emptive supervisory approach which addresses potential or emerging risks for financial services consumers, together with an ongoing supervisory process to strengthen and verify the adherence by regulated persons of their conduct of business regulatory obligations. The Conduct Supervision Function is a cross-sectorial function covering under its remit supervision of the conduct of business of the entities dealing with retail clients in the context of the provision of services relating to banking, insurance and pensions, investments, cryptocurrencies, and retail collective investment schemes. 

About the Role 

The Senior Technical Expert will report to the Deputy Head (Policy and Financial Literacy) of Conduct Supervision and the duties and responsibilities of this role are as follows:   

• Drafting and issuing any necessary changes to the Conduct of Business Rulebook, as well as issuing related industry Circulars; 
• Drafting and issuing of any necessary Maltese legislation (which includes the drafting of primary and subsidiary legislation and amendments thereto) and liaising with the Authority’s Legal Function; 
• Coordinating, preparing and drafting feedback (in liaison with other MFSA Functions) and participating in any internal working groups with respect to the transposition and implementation of cross-sectoral EU Directives/Regulations which are relevant in the context of Conduct Supervision Function’s mandate; 
• Handling of cross-sectoral industry queries and issues relating to the interpretation and implementation of the Conduct of Business Rulebook; 
• Drafting and Presenting of Memoranda to the MFSA Executive Committee (ExCo), and/or Regulatory Committee (RegCo), and coordinating the legal research and analyses of relevant financial services law, as necessary from a Conduct Supervision perspective; 
• Preparing and providing feedback to Ministry of Finance on proposed EU Directives/Regulations relevant in the context of Conduct Supervision Function’s mandate; 
• Mentor team members in the carrying out of specific tasks; 
• Represent the MFSA in engagement with internal and external stakeholders, including representation on any Standing Committees/Working Groups relating to investor protection of the ESAs, as requested, and contribute to the preparation of replies with regards to EU/ESAs conduct-related questionnaires/surveys, as necessary; 

Undertake any other tasks as delegated by the Head or Deputy Head (Policy and Financial Literacy) in line with the exigencies of the Conduct Supervision and the Authority. 

About You 

The role calls for an academic qualification in the 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. You will also possess a minimum of 8 years of work experience within a relevant area. 

If you do not have the necessary academic or professional experience qualifications, but you have at least 15 years of work experience, we would still be interested in speaking with you. Candidates with longer work experience relevant to the role will be preferred. 

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 No; 1060/2024