About the Department

The regulation and supervision of professional trustees and other fiduciaries falls within the remit of the MFSA and in fact the MFSA has a specific function designated with the responsibility for both the authorisation as well as the supervision of trustees and other fiduciaries. The function's main objective is to ensure that licensed trustees and fiduciaries have the appropriate structures and systems in place to service clients adequately whilst at the same time preserving their reputation as well as Malta's reputation, taking into account its international commitments.

About the Role

Your work will require that you are involved in various areas relating to the regulation, authorisation and supervision of trustees and other fiduciaries, with a particular focus on legal aspects of the sector and the workstreams involved. Duties will include:

• Carrying out legal research on topics related to trustees and other fiduciary services;
• Ongoing monitoring of new developing legislation;
• Preparing and coordinating responses with regards to European institutions’ legislative proposals and technical standards, as well as eventual transposition into Maltese legislation
• Taking the lead on drafting of legislation, regulations and rules relating to trustees and fiduciary service providers, including legislative changes arising from EU legislation or international standards;
• The development of legislation relating to trustees and other fiduciary service providers, to address market developments in these sectors, including, the preparation of consultation papers and feedback statements to the market;
• Providing technical guidance with compliance issues emanating from the ongoing supervision process of licensed trustees and other fiduciary service providers;
• Drafting of circulars, guidance notes, FAQs and other technical documentation relating to trustees and fiduciaries;
• Providing technical support, legal expertise and input in the context of any reports, technical papers etc prepared by the Authority, in relation to the trustees and fiduciaries sector;
• Providing technical support and legal expertise in preparation and reviewing of internal memos to MFSA’s decision making bodies, which require such expertise;
• Drafting of/updating internal procedures;
• Attending any sittings of the court, tribunal or specialised body, and/or supporting other team members, to provide testimony present on behalf of the Trustees Supervision Function;
• Attending and participating in any internal/external working groups, representing the MFSA and/or the Trustees Supervision Function and assist with the analysis and preparation of comments on documents discussed in various Working Groups, Transposition Workshops and Task Forces ;
• Handling meetings and workstreams with other functions, authorities and any other relevant stakeholders to ensure collaboration for shared goals; 
• Being a source of technical expertise on the regulatory requirements applicable to Trustees and other fiduciaries; 
• Possible involvement in on-site compliance inspections and supervisory meetings carried out by the Trustees Supervision Function;
• Possible involvement in processes and workstreams relating to authorisation and offsite supervision workstreams;
• Supervise more junior staff as may be required;
• Carry out other ad-hoc activities as may be determined, such as participation in projects; and
• Undertaking such other tasks as may be directed from time to time by the Head and/or the senior leadership team.

About You

We are looking for candidates who are eager to join an enthusiastic team with a passion for regulation and compliance. The role requires a University of Malta Degree in Law (LL.D. or Master of Advocacy level) or a comparable recognised legal qualification at National Qualification Framework Level 6 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC). Possession of a warrant to practice in the Courts of Malta would be considered an asset. Any exposure and/or a post graduate degree in a discipline relevant to the financial services sector, would be considered an asset, as would any experience and/or or background knowledge related to trust management and fiduciary services.

You will need to have a minimum of five (5) years working experience within a relevant area to qualify for this role.

The chosen Candidate should be able to work independently and, in a team, reporting to a Senior Manager assigned to them.

The ideal applicant should demonstrate the following skills/experience:

• Self-driven and ability to multi-task and meet deadlines;

• Interest in trust management and fiduciary services;

• Attention to detail and strive for quality and accuracy of the work;

• Highly organised;

• Strong legal drafting skills;

• Ability to maintain good working relationships with other team members and with the industry in general; and

• Excellent verbal and written 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: 1202/2025