Junior Legal Officer (Legal & Policy)

The Resolution function is responsible for developing and implementing resolution plans for banks and certain investment firms, ensuring that failing institutions can be managed without threatening financial stability. It advises the Resolution Committee on whether an institution should enter liquidation or resolution and on the appropriate use of resolution tools. Operating independently from supervision, the function works within the framework of the MFSA Act and administers requirements stemming from the BRRD, SRMR, RRR and the IGA on contributions to the Single Resolution Fund. Resolution is organised into two interconnected teams: Policy & Legal, which handles legislative transposition, policy drafting, EBA guideline implementation and processes related to Resolution Funds; and Resolution Planning, which prepares institution‑specific resolution plans in cooperation with the Single Resolution Board. Both teams engage regularly with European and local authorities, contributing to working groups, meetings and task forces.

About the Role

The successful candidate will join a multidisciplinary team and will be expected to provide professional legal and policy input and join fully in the various duties that are undertaken by Resolution including the following tasks as necessary:

• Cooperate with Senior colleagues responsible for the policy and legal area in providing legal advice to the Resolution Committee and underlying structures. The appointee will cooperate with the other authorities to ensure the legal quality and consistency of the BRRD as transposed;
• Assist in the transposition of any EU Directive relevant to Resolution and to implement any changes brought about by EU legislation into national law through the drafting of regulations, legislation and by amending existing legislation as necessary;
• Contribute to the process of Normal Insolvency Proceedings of credit institutions;
• Contribute to frameworks and policies related to resolution of entities other than credit institutions;
• Liaise with both local and foreign authorities in providing input relating to draft technical standards and guidelines and recommendations, and their implementation;
• Draft memoranda of understanding, circulars and Resolution-related letters;
• Monitor EU legislation in resolution related areas, participate in meetings and provide input when necessary;
• When required, represent the Resolution Committee during legal proceedings at any court or tribunal as well as drawing up of legal documents as may be necessary;
• Represent the Resolution Committee in meetings that are held locally and/or overseas and assist with the analysis and preparation of comments on documents discussed in various Working Groups and Task Forces as required;
• Participate and co-ordinate meetings of the Resolution Committee;
• Provide legal input to documents and reports prepared by Resolution;
• The appointee may also be involved in on-site compliance visits;
• Provide input to policy related documents and discussions as well as assisting in the drafting of policies;
• Undertake ad-hoc assignments related to resolution aspects, that may arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary.
  
  

About You

We are looking for candidates with solid academic background in Law. 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).

You will also have the below skillset:

• Great at working in a team as well as independently
• Able to work toward deadlines efficiently
• High attention to detail
• High level of integrity
  
  

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.org.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 Privacy Notice on the MFSA webpage - https://www.mfsa.mt/privacy-notice/.

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.