About Risk Management

The Risk Management Function, acting as the second line, is responsible for the analysis and management of risks within the MFSA. The Risk Management team is responsible for providing the strategic input and direction with regards to the risk appetite and ensure that the defined risk appetite is compliant with the requirements set out by the European Supervisory Authorities (ESAs). The Risk Management function is also responsible for ensuring that the internal processes and procedures of the MFSA comply with European Standards whilst offering recommendations on how these can be improved through risk and quality perspectives. In addition, the Function has a standalone responsibility to monitor the risk profile of the Authority and to flag developing trends for existing risks and the potential consequences of new threats or opportunities. Ultimately through its work the Risk Management Function enables the Authority to be proactive and ready to respond to potential challenges.

Key Responsibilities

The selected candidate will be required to undertake the following tasks:

• Assisting with the maintenance and updating of the risk register;

• Carrying our preparatory research in relation to risk assessments;

• Supporting the monitoring of action plans which have been devised following the recording of a risk or a risk incident;

• Helping with the documentation of risk incidents;

• Coordinating with Risk Officers from each Function to collect information relating to a risk incident or risk assessment;

• Assisting in the analysis of data and the preparation of reports or presentations;

• Supporting the team with administrative tasks including meeting scheduling, minute taking, ordering of stationery; and to

• Carrying out any other duties and tasks as may be assigned by senior management to support the team with its day-to-day operations.

What the Risk Management Function offers:

• Exposure to key risk management practices and frameworks;

• Opportunities for learning and professional development;

• Supportive team culture.

About You

To qualify for this role, you must be in the process of obtaining a qualification in any of the following subjects: risk management, criminology, law, banking and finance, accountancy, economics and/or financial services 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.

The following skill set is a must for this position:

• Experience with using Power BI;

• Proficient in Microsoft Office Suite, especially Excel and Powerpoint;

• Good verbal and written communication skills;

• The ability to multi-task and work on own initiative;

• The ability to work in a team; and

• Attention to detail.

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 Privacy Notice on the MFSA webpage - https://www.mfsa.mt/privacy-notice/. 

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: 368/2023