New scholarship launched aimed at the financial service sector

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New scholarship launched for the financial service sectorA new scholarship scheme specifically aimed at the financial service sector, has been launched by the Ministry for Education and Employment.

According to the Ministry, this sector is facing difficulties to fill in specific vacancies, both at top and lower levels, mainly due to professional, technical and practical skill gaps.

The scholarship scheme aims to address this through specialised training in various areas of the financial services, it said.

For a period of two consecutive years the lump sum of €50,000 per annum out of the annual profit generated by MFSA, is to be used to provide short-term scholarships at advanced level aiming to address the existing skill gaps in Malta’s financial services sector.

this has been made possible through an agreement between the Malta Financial Services Authority and the Ministry for Education and Employment.

The Ministry explained that the sectors offered include; banking, financial institutions, insurance, insurance intermediaries, investment services, trust and trust management.

Within these sectors, training is necessary in particular skills: compliance skills, fund administration skills, general regulatory requirements, technical skills in accounting, knowledge in legal aspects, communications skills, banking operations, analytical skills, IT skills, investment management skills, risk management skills, and actuarial skills.

Applicants will start their studies within 12 months of the closing date of this call.

There will be an information meeting on Wednesday, the 28th of February at 5:15pm at the Ministry for Education and Employment.

Applications will be accepted until the 14th March 2018 on

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