Vacancy for Analyst Grade 1
The Depositor Compensation Scheme and the Investor Compensation Scheme have been established to provide a means of protection for customers of failed credit institutions and investment firms. Both Schemes are overseen by a Management Committee appointed by the Malta Financial Services Authority (MFSA). The Schemes are housed within the MFSA.
Duties of the Appointee
The selected officer will report to the Management Committee of the Schemes as well as to the Schemes’ Secretary.
The duties of the appointee who will be recruited as Analyst Grade 1 include:
- To administer stress tests of the Depositor Compensation Scheme (DCS) conducted by the European Banking Authority,
- To prepare reports on the results of the stress tests and undertake corrective measures to address any weaknesses identified in the stress tests,
- To administer processes related to any cooperation agreements between home and host compensation schemes,
- To assist in the use of the Data Exchange and Payment System;
- To participate in the administration of the contributions, payment commitments and pledge requirements of the DCS and ICS in terms with regulations,
- To maintain databases, records and files related with the DCS and the ICS, and compliance with relevant data protection legislation,
- Liaise with the Competent Authority, Resolution Authority, Central Bank of Malta and other local and foreign authorities (including EBA) in providing input relating to draft technical standards and guidelines and recommendations,
- Communication with stakeholders,
- Administering the Schemes’ accounting and payments systems,
- Preparing the Annual Reports and annual financial statements, respond to queries and participate in surveys and questionnaires,
- Representing the Compensation Schemes in meetings, including meetings related with crisis management, stress testing and procurement, that are held locally and/or overseas,
- Prepare such reports and/or miunutes, as may be required from time to time,
- Undertake ad-hoc assignments related to financial services compensation aspects, that may arise from time to time and to report to the Management Committee on the outcome of such assignments as may be appropriate and necessary.
- An Honours Degree in a relevant financial or mathematical subject or a comparable recognised qualification at NQF level 6 or better duly certified by the Malta Qualifications Recognition Information Centre (MQRIC)*.
- Proven work experience within the financial services sector as well as familiarity with the relevant local legal and regulatory framework, would be considered as an asset.
- Proficiency in the use and handling of Microsoft office or equivalent applications, particularly the advanced use of spreadsheets and databases will be considered an asset.
The selected candidate will possess relevant soft skills including:
- ability to multi-task and to meet strict deadlines;
- be well developed written and verbal communication skills;
- ability to work within a team;
- ability to listen actively and to work on one’s initiative when necessary;
- a high degree of self-confidence; and
- good negotiation skills.
A scanned copy of the completed and signed Application Form can be sent by email on Secretary@compensationschemes.org.mt. Candidates opting to apply via post are to send the completed Application Form duly signed, for the attention of the Secretary Compensation Schemes, c/o Malta Financial Services Authority, Notabile Road, Attard BKR 3000. Candidates may opt to include a C.V. and/or any additional details with the Application Form.
Click here to download the application
Applications will be received by not later than 9 March 2018.
The Compensation Schemes will not consider any application received after deadline. Applicants should assess and check before submitting their application whether they fulfil all the requirements as specified in this Vacancy notice, particularly in terms of qualifications and relevant professional experience.
The Compensation Schemes 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 compensation Schemes will ensure that candidates’ personal data are processed in accordance with the Data Protection Act and that personal data is not processed for any purpose that is incompatible with that for which the information is collected. This applies in particular to the confidentiality and security of such data.
If a candidate considers that s/he has been adversely affected by a particular decision, s/he can lodge a complaint within one (1) month from the time the candidate is notified of the application/interview feedback, addressed to the Secretary Compensation Schemes, c/o Malta Financial Services Authority, Notabile Road, Attard BKR 3000.
Jobsplus Permit Reference: 54/2018