Head of Risk

Our client is specialises in digital financial solutions.

• Develop, maintain, and continuously enhance the Enterprise Risk Management Framework;
• Ensure the risk framework remains aligned with MFSA Financial Institution Rules, EBA Guidelines, and internal governance requirements;
• Lead the development, implementation, and periodic review of the Risk Appetite Framework;
• Maintain and update the Risk Register, ensuring risks are appropriately identified, assessed, and monitored;
• Oversee risk assessments across key risk categories, including Operational Risk, Market Risk, Liquidity Risk, ICT & Cybersecurity Risk, Regulatory Risk, Outsourcing Risk, Strategic Risk, and Reputational Risk;
• Monitor Key Risk Indicators (KRIs) and escalate breaches to the Board and relevant Committees where required;
• Lead stress testing exercises, scenario analysis, and reverse stress testing activities;
• Prepare and present risk reports to the Board and relevant Committees;
• Advise the Board on emerging risks, regulatory developments, and strategic risk considerations;
• Provide independent challenge and oversight to first-line management;
• Maintain and review risk-related policies, including Operational Risk, Outsourcing, ICT Risk, and Business Continuity Planning policies;
• Monitor the implementation and effectiveness of internal controls across the organisation;
• Oversee risk assessments relating to new products, services, and outsourcing arrangements;
• Manage the incident management framework, ensuring incidents are recorded, investigated, and addressed appropriately;
• Monitor operational losses, near misses, and control deficiencies;
• Ensure root-cause analyses are conducted and follow-up actions are completed;
• Promote a strong risk awareness culture throughout the organisation;
• Deliver risk management training and awareness sessions to employees and management.

• Degree in Finance, Risk, Economics, or a related field;
• Professional certifications such as FRM, PRM, ICA Risk, or equivalent will be considered an asset;
• Minimum of 5 years’ experience within a risk management function, ideally within a regulated financial institution;
• Experience presenting to Boards and interacting with regulatory authorities;
• Experience leading a risk function or team;
• Must be eligible for MFSA approval as a Key Function Holder.

• Excellent communication and report-writing skills;
• High ethical standards and independence;
• Strong analytical skills;
• Strong attention to detail and organisational abilities.

*Please note that all job applicants will be automatically added to the Broadwing LTD candidate database and will receive an automatic email with user credentials to benefit from our online platform.