Vacancy - Analyst (Legal)

Analyst (Legal) within Compensation Schemes 


Job Title: Analyst (Legal)                                                                               Job Code: DCS/001/19


Grade: 7                                                                                                               Team: Compensation Schemes


Type: Indefinite                                                                                                Date Posted: 14/05/2019


Closing Date:  20/07/2019



About the Compensation Schemes


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. 


The Role


The Legal Officer will be reporting to the Chairperson and/or Secretary of the Compensation Schemes Management Committee or to any other person the Chairperson/Secretary may delegate for the purpose of assigning duties and responsibilities as applicable to the Grade from time to time.

The selected candidate will provide efficient and professional legal services, working in close liaison with the Schemes’ Management Committee and s/he will be expected to participate fully in the various duties that are undertaken by the Management Committee including:


  • Provide legal advice to the Depositor Compensation Scheme (DCS) and the Investor Compensation Scheme (ICS) and the Schemes’ Management Committee. S/he will cooperate with the other authorities to ensure the legal quality and consistency of related EU Directives as transposed,
  • Liaise with the Competent Authority, Resolution Authority, Central Bank of Malta and other local and foreign authorities (including EBA) by providing input relating to draft technical standards and guidelines and recommendations,
  • Monitor EU legislation in financial services compensation related areas,
  • Monitor any developments within DCSs and ICSs in other countries which may be relevant to local schemes,
  • Keeping abreast of developments in the BRRD and SRM,
  • Regular reviews of the DCS and ICS regulations and Handbook,
  • Inform banks and investment firms on requirements and review of contributions,
  • Regular monitoring of potential liabilities, pledges and contracts,
  • Prepare for the requirements regarding home/host co-operation in connection with cross-border branches,
  • Preparing the Annual Reports, respond to queries and participate in surveys and questionnaires,
  • Provide secretarial services to the Management Committee and taking minutes of meetings,
  • Representing the Compensation Schemes during legal proceedings at any court or tribunal as may be necessary from time to time and drawing up of legal documents as may be necessary,
  • Representing the Compensation Schemes in meetings, including meetings related with crisis management, that are held locally and/or overseas,
  • 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.


About You

The selected candidate will possess qualifications including:

  • A University of Malta Degree or equivalent qualification in Law (LL.D) or a comparable recognised qualification in Law at NQF level 6 or better duly certified by the Malta Qualifications Recognition Information Centre (MQRIC)*.
  • Warrant to practice in the Courts of Malta would be an asset.
  • Proficiency in the use and handling of Microsoft office or equivalent applications would be considered an asset.
  • Proven work experience within the financial services sector as well as familiarity with the relevant local legal and regulatory framework, would be considered an asset.

The selected candidate will possess relevant soft skills including:

  • ability to multi-task and to meet strict deadlines
  • well-developed written and verbal communication skills
  • ability to work within a team
  • ability to listen actively and to work on one’s initiative
  • a high degree of self confidence
  • good level of negotiation skills


How to apply or query for 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

Other important information

The Schemes are 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 Schemes reserve 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 under MQRIC heading.

The Schemes 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 Schemes webpage:

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.

Ref: Jobs Plus 322/2019