About the Department

The Financial Stability function contributes to the safeguarding of the financial sector through the identification and mitigation of current and emerging risks that could potentially cause a significant strain on the soundness and resilience of the sector. A cross-sectoral approach is applied in the execution of the functions’ risk oversight and analytical responsibilities, although specific attention is given to individual or groups of institutions which have a large systemic footprint. In collaboration with other macroprudential authorities, the function also contributes to policy recommendations and implementation at domestic and EU level and interacts with international stakeholders – such as the ECB, ESRB, IMF and credit rating agencies in relation to their respective remit. 

The Authority is formally mandated by Article 4(b) of the Malta Financial Services Authority Act to safeguard financial stability in collaboration with the Central Bank of Malta. 

About the Role

The key accountabilities for the role are set out below:

• Oversee the monitoring and analysis carried out by the function and carry out own analysis of financial stability risks, utilising quantitative and qualitative methods, as well as proposing mitigation polices; 

• Lead, manage and mentor members of the assigned team(s) within the Function; 

• Assist in the planning and delivery of the strategic priorities, engaging and leading direct reports; 

• Lead and assist in organising and supporting stakeholder engagement meetings such as credit rating agencies and IMF; 

• Collaborate with other Functions within the MFSA, to promote a unified approach to initiatives of common relevance; 

• Representing the MFSA in relevant local, EU and international fora and engage with other competent authorities as necessary; 

• Deputise for the Head of the Financial Stability Function as may be required from time to time; and 

• Undertake other tasks/duties as directed by line management.

About You

We are looking for candidates with solid academic background in Economics, Finance, Mathematics and Statistics or other related background which may be considered relevant for this post. 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. A post-graduate degree in a related area would be considered an asset. 

You will also possess a minimum of 6 years of experience in a similar role at a senior level in the area of financial services and/or compliance with financial services regulation. Candidates with longer working experience relevant to the role will be preferred. 

If you do not have the necessary academic or professional qualifications, but you have at least ten (10) years of relevant experience in a senior level role, we would still be interested in speaking with you. 

The ideal candidate should have:

• Strong leadership qualities and behaviours in line with MFSA core values; 

• Extensive knowledge/experience of macro prudential regulatory landscape and its impact on MFSA licence holders; 

• Experience and/or exposure to regulatory reporting in areas such as stress testing, capital planning, prudential supervisory reporting, asset and liability management, climate risk, interest rate risk etc; 

• Significant understanding of the financial services environment; 

• Internal and external stakeholder management at all levels; 

• Excellent written and verbal 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: 103/2025