About the Department

The Insurance and Pensions Supervision function is responsible for the prudential supervision of insurance companies, insurance intermediaries, retirement schemes, retirement funds and retirement service providers. The team employs professionals with a varied background and varied skills in the areas of insurance, pensions, accounting, legal, quantitative analysis, actuarial, compliance and other related areas.

About the Role 

During the Employment Period, the Employee shall carry out the following duties:  

• Coordinate and/or undertake duties of an analytical nature in relation to periodic financial data submitted by licence holders in line with their statutory obligations emanating from their operating licences; 
• Monitor the business performance of licence holders together with their level of compliance in line with applicable regulatory standards and financial obligations emanating from the Insurance and Pensions legal framework; 
• Identify potential risks in relation to operations and capital adequacy; 
• Identify any further action that might be necessary on the MFSA's part as a result of the surveillance process; 
• ‘Ad hoc' assignments related to specific regulatory and supervisory issues related to capital adequacy and solvency that arise from time to time; 
• To report on the outcome of such assignments as may be appropriate and necessary; 
• Participate in on site compliance visits. 

You will also be expected to undertake any other duties that may arise depending on the exigencies of Insurance & Pensions Supervision and the Authority. 

About You 

We are looking for candidates with interest in Accounting and Insurance. 

The requirements for this role include:  

• An ACCA, ACA or a recognised Accounting University Master's Degree 
• Being enthusiastic and eager to learn 
• Being team oriented, and keen to engage with colleagues as team fit is the key 
• Being Highly organised, being analytical and have an eye for detail

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.

Jobsplus Permit Number; 579/2024