Deputy Chief Executive Officer - Enforcement, Resolution and Financial Stability

The Deputy CEO (Enforcement, Resolution and Financial Stability) will have executive responsibility for the Authority's Enforcement, Resolution and Financial Stability Directorate which will be composed of Units responsible for:

• Enforcement - investigates potential breaches of financial services laws, unlicensed activities, and financial fraud. It may recommend enforcement action to the Enforcement Decisions Committee, including administrative penalties and other measures. It also issues warnings, guidelines, and enforcement notices to protect investors, promote awareness and ensure compliance across entities supervised by the MFSA.
• Resolution and Crisis Management – manages resolution-planning activities for credit institutions and investment firms. The Unit shapes Resolution Framework policies and legislation, with future oversight extending to insurance and central counterparties. It advises the MFSA’s Resolution Committee.
• Compensation Schemes – the Unit serves as the secretariat to the Depositor Compensation Scheme, Investor Compensation Scheme and Protection and Compensation Fund, supporting their respective Management Committees in overseeing depositor, investor and policyholder protection arrangements in accordance with the applicable regulatory framework.
• Financial Stability - identifies and mitigates systemic risks to ensure the resilience of the financial sector and broader economy, leading quantitative analysis, supporting supervisory and resolution functions with macro perspectives and impact assessments.

The description of the directorate and units falling within the remit of the Deputy CEO (Enforcement, Resolution and Financial Stability) is intended to provide an indication of the scope of responsibilities associated with this vacancy. The organisational remit and reporting structures may be amended from time to time at the discretion of the Chief Executive Officer following consultation with the Board of Governors.

The Deputy CEO (Enforcement, Resolution and Financial Stability) shall be an ex officio member of the Executive Committee, Resolution Committee and Enforcement Decisions Committee, and shall actively participate therein.

Reporting directly to the Chief Executive Officer, the Deputy CEO (Enforcement, Resolution and Financial Stability) will be responsible for:

Strategic Leadership:

• Assist and support the Chief Executive Officer in the development and execution of the MFSA’s strategic objectives and priorities.
• Ensure that the objectives of the directorate falling under his/her responsibility are aligned with the overall mission and strategic direction of the MFSA.
• Provide strategic direction to his/her directorate, ensuring the effective and efficient implementation of the directorate’s overall functions and responsibilities.
• Lead the planning, implementation, and evaluation of directorate workplans, clearly communicating objectives and desired outcomes.

Operational Management:

• Lead, mentor and provide direction to the Chief Officer and Heads falling under his/her responsibility, promoting a culture of excellence, collaboration, and continuous improvement.
• Work collaboratively with officials within his/her directorate to oversee day-to-day operations as needed, ensuring efficient and effective delivery of objectives.
• Oversee the directorate’s processes, systems, procedures, resources, budgets, and all other operational matters required for efficiency and effectiveness.
• Ensure coordination and collaboration across the directorate and units falling within his/her remit, as well as with other directorates across the Authority to effectively achieve shared goals and organisational priorities.
• Liaise closely with the other Deputy Chief Executive Officers to foster a culture of teamwork and collaboration.
• Lead and participate in directorate, unit and team meetings, as necessary, to ensure effective communication which supports the effective delivery of the Authority's strategic and operational objectives.
• Conduct performance appraisals and hold regular one-to-one meetings with the Chief Officer falling under his/her responsibility, providing constructive feedback and support to enhance performance and leadership capability. Regular one-to-one meetings should also be held with key personnel within his/her directorate.

Stakeholder Engagement:

• Take a proactive approach towards building strong professional relationships, with a broad range of stakeholders, including regulated entities, representative bodies, consumers, the Government, European Union and other domestic and international authorities.
• Represent the MFSA at local and international meetings, fora, working groups, workshops, conferences and other engagements related to his/her remit as may be necessary or as requested by the Chief Executive Officer.
• Communicate regulatory policies, enforcement priorities, decisions, and initiatives effectively to internal and external stakeholders.
• Undertake frequent travel, as required, in connection with the performance of his/her duties.

Governance and Compliance:

• Ensure that the directorate falling under his/her remit carries out its functions and responsibilities effectively and efficiently in accordance with the direction and vision set by the Chief Executive Officer. Goals, objectives and milestones should be clearly communicated and delivered.
• Coordinate the activities of his/her directorate and units falling within his/her remit to ensure a unified and coordinated approach in fulfilling the MFSA’s statutory obligations and responsibilities.
• Ensure that directorate-wide responsibilities are conducted effectively, consistent with MFSA’s strategic objectives, applicable legal and regulatory frameworks, and the Authority’s risk appetite, whilst promoting collaboration across the organisation.
• Promote and uphold the highest standards of governance, integrity and ethical conduct across the directorate for which he/she is responsible.
• Identify, assess, and mitigate risks related to the financial sector and the directorate’s operations and remit.
• Ensure that confidentiality is maintained at all times and that data is handled in accordance with the applicable legal, regulatory and internal frameworks.

Other duties:

• Provide assistance and support to the Chief Executive Officer and Board of Governors as necessary.
• Represent the MFSA in legal proceedings, be they judicial or otherwise, and in front of tribunals, boards, committees or other bodies that have the power to summon witnesses or otherwise oversee the activities of the MFSA.
• Contribute to and provide input on studies, consultations, policy initiatives and other work undertaken by European Union institutions, supranational standard setters and international organisations.
• Keep abreast of developments in financial services regulation, enforcement and related areas.
• Provide training and participate in conferences and workshops organised by the Authority and external stakeholders.
• Undertake such other duties and responsibilities as may be assigned by the Chief Executive Officer, as may be required from time to time in accordance with the operational and strategic needs of the Authority.

Only eligible applicants will be considered and given the opportunity to attend for a first interview. Successful candidates will be shortlisted and will be called for a second interview.

The selected candidate will be required to undergo relevant tests, background checks, and security screening prior to being offered the position in view of the sensitive nature of this role. Such checks may be conducted on an ongoing basis thereafter.

The Authority reserves the right to obtain references on the applicant from independent sources.