Legal Counsel (Banking)

within Banking Supervision

VIEW JOB DETAILS

Legal Counsel (Banking)

within Banking Supervision

VIEW JOB DETAILS

  • Grade:

    6

  • Type:

    Indefinite

  • Job code:

    BS/025/2022

  • Team:

    Policy & Legal Team

About Banking Supervision

The Banking Supervision Function at the MFSA is entrusted with the onsite and ongoing supervision of licensed banks and non-bank financial institutions (FIs), as well as their Authorisation. The Function also carries out supervision of Significant Credit Institutions (SIs) together with the European Central Bank through the Single Supervisory Mechanism (SSM). The Policy & Legal Team within Banking Supervision provides policy stances and legal advice, both within the MFSA and to external stakeholders, with a view to the consistent and effective application of the local legislation as well as European Regulations and Directives. The team is also tasked with the transposition and implementation of such EU legislation and guidelines issued by the European Banking Authority.

The Role

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

The successful candidate will join the Legal team of the Policy & Legal Team within the Banking Supervision Unit at the MFSA, and 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:

  • Attending and participating in local and overseas training, meetings and working groups, particularly those relating to the EBA, ECB, ESRB and BIS and other European regulatory bodies, and providing input as required;
  • Assisting Banking Supervision during legal proceedings at any court or tribunal as may be necessary from time to time;
  • Representing Banking Supervision during Parliamentary sittings discussing legislation related to Banks and FIs and the drawing up of the necessary documents as appropriate;
  • Providing, reviewing, and overseeing internal legal advice, amendments and enhancements to national legislative framework, development of internal procedures and preparation of legal positions on regulatory issues pertaining to the financial services sector;
  • To deputise for the line manager where and as required;
  • Other ad hoc related duties as may be required by Senior Management of the function from time to time and to report on the outcome of such assignments as may be appropriate and necessary.

 

About You

The required candidate should have 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) and a warrant to practice law in Malta. Possession of a post graduate degree in a discipline relevant to the financial services sector would be considered an asset.

The applicant should also possess a minimum of three (3) years working in the area of banking and/or financial services. Candidates with longer working experience relevant to the role will be preferred.

 

How to apply

or query further information

Candidates are to forward a copy of their Curriculum Vitae (C.V.) and an accompanying covering letter providing the motivation for the application to [email protected].

Other Important 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: 601/2022