Legal Officer

Job Description

About The Department

Banking Supervision carries out on-site and ongoing supervision of licensed banks. The Banking Supervision team comprises professionals with a financial services academic background, but also legal and IT professionals to support policy and supervisory work.

About The Role

Working in a dedicated Policy & Legal team within the Banking Supervision function, this is a unique opportunity for you to specialise in financial services and get actively involved with the regulatory process from the perspective of the national competent authority as a regulator and supervisor of banks.

Duties

You will be expected to assist with providing efficient and professional advice on policy, regulatory, and legal matters and contribute to the various duties that are undertaken by Banking Supervision, including the following tasks as necessary:

• Developing and drafting of legislative amendments, including preparing the relevant documentation for the publication of such amendments, which may need to be made to national legislation to address areas of concern and, or to align such legislation with guidelines, standards, recommendations and opinions that may be issued by regulatory bodies such as, the EBA and the ECB, amongst others;
• Assisting in the transposition of any relevant EU Directives and EBA implementing or regulatory technical standards into local primary and secondary legislation, Banking and Financial Institutions Rules, policies and procedures, including liaising with the Legal and International Relations Function within MFSA;
• Assisting with providing legal advice to the Banking Supervision Function, other functions of the MFSA and other authorities as necessary;
• Actively participating in and attending local and overseas training, meetings and working groups of the EBA, ECB, ESRB and BIS, together with other European regulatory bodies;
• Drafting of and participating in the development of the internal procedures of the function?
• Participating in the preparation of policy stances on regulatory issues and providing legal advice with a view to the consistent and effective application of the local applicable legislation as well as European legislation;
• Attending to stakeholders’ questions related to the supervision and regulation of licence holders supervised by the Banking Supervision Function;
• Handling day-to-day regulatory issues emerging from the ongoing supervision process of licence holders supervised by the Banking Supervision;

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

About You

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.

You will also possess a minimum of 3 years work experience. 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 7 years of relevant experience, we would still be interested in speaking with you.

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 number: 355/2023

Languages

• English