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  1. Background

The National Development and Social Fund (NDSF) is established in terms of regulation 6 of the Individual Investor Programme of the Republic of Malta Regulations, 2014 (Subsidiary Legislation 188.03), as subsequently amended and consolidated under the Granting of Citizenship for Exceptional Services Regulations (Subsidiary Legislation 188.06).

The Fund’s objectives are defined in law and include contributing towards major projects of national importance in the public interest, including but not limited to: education, research, innovation, social improvement, public health, job creation, social housing, and the preservation of Maltese heritage and the environment.

The NDSF is governed by a Board of Governors in accordance with the above-mentioned legislation and is managed according to the principles of accountability, transparency, and sound financial management, as well as the Santiago Principles for sovereign wealth funds. NDSF accounting framework follows the International Financial Reporting Standards (IFRS) as practised in the EU.

Applications are hereby invited for the position of Chief Executive Officer (CEO) of the NDSF.

  1. Duties & Responsibilities

The CEO shall be the chief executive officer of the Fund and shall be responsible to the Board of Governors for the proper administration and management of the Fund. The duties include, but are not limited to :

  • Implementing the investment, risk, financing, and operational policies of the NDSF as determined by the Board of Governors under S.L. 595.12
  • Administering the Fund’s assets and ensuring compliance with applicable laws, regulations, and directives issued from time to time by the Minister responsible for Finance.
  • To lead and develop the NDSF team, monitor the performance of contractors, and service providers engaged by the Fund.
  • Ensuring the timely preparation and publication of the annual audited accounts and reports required by law, including their submission to the Minister for Finance and the House of Representatives.
  • Safeguarding the integrity and independence of the Fund and ensuring compliance with best practices in governance, risk management, and sustainability.
  • Representing the Fund before governmental bodies, regulators (including the Malta Financial Services Authority), the Central Bank of Malta, local and international partners, and the general public.
  1. Eligibility Requirements

Applicants must:

  • Hold a recognised Master’s degree (MQF Level 7 or higher) in Finance, Economics, Business Administration, Law, or a related discipline.
  • Possess a minimum of 10 years’ professional experience, including at least 5 years at executive or senior management level in public finance, investment and risk management, sovereign/public funds, or related sectors.
  • Demonstrate a track record in portfolio management, investment performance analysis, corporate governance, and risk oversight.
  • Be conversant with the provisions of S.L. 188.03 and S.L. 188.06, as well as with the Public Administration Act (Cap. 595) and the Public Finance Management Act (Cap. 601).
  • Be of high integrity and independence, and free from any conflict of interest that could impair the discharge of their duties.
  • Have no pending disciplinary, regulatory, or criminal proceedings.
  1. Terms of Appointment
  • The appointment shall be for a definite term of three (3) years, renewable subject to commandable performance.
  • The CEO shall serve on a full-time basis, and remuneration shall be established in line with the regulations in force for such appointments.
  • A probationary period of twelve (12) months shall apply.
  1. Application Procedure

Applications are to be submitted, for the attention of the Permanent Secretary, Ministry for Home Affairs, Security and Employment, at the following email address: [email protected] and must include:

  1. A signed covering letter addressed to the Permanent Secretary.
  2. A detailed Curriculum Vitae (CV).
  3. Certified copies of academic and professional qualifications.
  4. A statement of vision outlining the applicant’s strategic approach to the NDSF and why the candidate believes he/she is suitable for the post.
  5. A declaration of interests and disclosure of any potential conflicts of interest.
  6. Names and contact details of at least two referees.

The closing date of the receipt of applications is Friday 13th February 2026, at 17:15 CET. Applications received after this deadline shall not be considered.

  1. Selection Process
  • All applications shall be assessed by a selection board appointed by the Permanent Secretary – MHSE.
  • Shortlisted candidates will be invited for interviews and may undergo a psychometric assessment and further due diligence.
  • The Selection Board shall make recommendation to the Ministry responsible for NDSF, for the appointment of the Chief Executive Officer (CEO).
  1. Oversight & Transparency

The NDSF is subject to:

  • The National Audit Office, which audits its accounts annually in terms of S.L. 188.06.
  • Scrutiny by the House of Representatives through annual reports tabled by the Minister for Finance.
  • Compliance with all applicable Maltese and EU legislation, including procurement and financial services law.
  • International best practices for sovereign wealth funds, including the Santiago Principles and International Financial Reporting Standards (IFRS) as practised in the EU.
  1. Data Protection

Applications will be processed in accordance with the Data Protection Act (Cap. 586) and the General Data Protection Regulation (EU) 2016/679.

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