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Our client is a leading financial institution in Malta. They would like to recruit a Head of Risk to join its Risk and Compliance Team
The Role
Managing the implementation of the Risk Management Framework and ensuring adherence to the Risk Appetite Framework approved by the Board of Directors
Managing the different offices that form the Risk Unit ensuring adequate oversight, risk assessments, risk monitoring and timely reporting
Working with other functions and risk owners to ensure that the company operates within the approved policies and limits and that these are reviewed periodically in line with changes in risk appetite, strategic and business objectives, macro environment and regulatory horizon
Supporting the Head of Risk and Compliance in sustaining a risk culture throughout the company which is embedded in the way the company operates and covers all functions and activities
Updating the company’s Risk Appetite Framework and internal documentation within the Unit’s remit to reflect the company’s strategic objectives, emergent risks and regulatory updates/expectations
Enhancing methods applied and developing new methods for monitoring and reporting of risks in line with internal and regulatory requirements and expectations
Initiating company wide or specific risk assessments, including the production of heat maps and any remediation plans
Triggering gap analysis exercises in terms of applicable regulation/guidelines
Co-ordinating and completing the Bank’s ICAAP, ILAAP and Recovery Plan exercises including the stress testing process and Resolution templates
Managing and overseeing the use of internal models such as IRRBB and PD models
Assisting the Head of Risk and Compliance in providing the Authorities with any information requested and ensures that the information provided is complete and timely
Participating actively in the company's Supervisory Review and Evaluation
Process, on-site inspections, thematic reviews, and any other ad-hoc reviews
Liaising with regulatory bodies and external auditors to ensure that the company fulfils its internal and regulators requirements and expectations
Ensuring that the company is aligned to industry standards and regulatory expectations
Co-ordinating and upkeeping the Company’s Business Continuity Plan
Planning and delivering related training to the first line of defense, other areas and management
Reporting regularly to the Executive Committee
Contributing to the risk committee and Board as requested;
Be familiar with relevant regulation and standards such Maltese and European Regulators
Skill-sets and Requirements
Have a minimum of 3 years in a similar role
Can work on own initiative
Have the ability to multitask
Education & Experience
Have a Degree in financial services, economics, econometrics, risk management, statistics, business management or equivalent
Our client is a leading financial institution in Malta. They would like to recruit a Head of Risk to join its Risk and Compliance Team
The Role
Managing the implementation of the Risk Management Framework and ensuring adherence to the Risk Appetite Framework approved by the Board of Directors
Managing the different offices that form the Risk Unit ensuring adequate oversight, risk assessments, risk monitoring and timely reporting
Working with other functions and risk owners to ensure that the company operates within the approved policies and limits and that these are reviewed periodically in line with changes in risk appetite, strategic and business objectives, macro environment and regulatory horizon
Supporting the Head of Risk and Compliance in sustaining a risk culture throughout the company which is embedded in the way the company operates and covers all functions and activities
Updating the company’s Risk Appetite Framework and internal documentation within the Unit’s remit to reflect the company’s strategic objectives, emergent risks and regulatory updates/expectations
Enhancing methods applied and developing new methods for monitoring and reporting of risks in line with internal and regulatory requirements and expectations
Initiating company wide or specific risk assessments, including the production of heat maps and any remediation plans
Triggering gap analysis exercises in terms of applicable regulation/guidelines
Co-ordinating and completing the Bank’s ICAAP, ILAAP and Recovery Plan exercises including the stress testing process and Resolution templates
Managing and overseeing the use of internal models such as IRRBB and PD models
Assisting the Head of Risk and Compliance in providing the Authorities with any information requested and ensures that the information provided is complete and timely
Participating actively in the company's Supervisory Review and Evaluation
Process, on-site inspections, thematic reviews, and any other ad-hoc reviews
Liaising with regulatory bodies and external auditors to ensure that the company fulfils its internal and regulators requirements and expectations
Ensuring that the company is aligned to industry standards and regulatory expectations
Co-ordinating and upkeeping the Company’s Business Continuity Plan
Planning and delivering related training to the first line of defense, other areas and management
Reporting regularly to the Executive Committee
Contributing to the risk committee and Board as requested;
Be familiar with relevant regulation and standards such Maltese and European Regulators
Skill-sets and Requirements
Have a minimum of 3 years in a similar role
Can work on own initiative
Have the ability to multitask
Education & Experience
Have a Degree in financial services, economics, econometrics, risk management, statistics, business management or equivalent