Compliance and Risk Manager - Insurance jobs in Malta - June 2024
By using this site, you consent to the use of cookies to improve your user experience through analytics and personalised marketing efforts.

Compliance and Risk Manager


Published on 22 May 2024

Expires in 4 days (21 Jun 2024)

A client of ours specialising in the Insurance industry is currently looking to onboard a Compliance and Risk Manager to join their team of professionals:


  • Ensure that risk and compliance frameworks are implemented, maintained, embedded and aligned to the Company's operations throughout Europe, meeting the relevant regulatory requirements
  • Manage a small team to provide ongoing risk and compliance support to the Head office and the branch network
  • Provide expert knowledge in the area of risk and compliance to management and business units regarding regulatory requirements and risk management within their day-to-day operations
  • Be the key function holder for Compliance and Risk Management
  • Advise the business on key regulatory matters by responding to BAU queries and developing and implementing processes and procedures to meet relevant regulations
  • Provide relevant compliance training to the business and compliance colleagues to enhance the understanding of the MFSA requirements
  • Maintain and oversee regulatory compliance policies and procedures
  • Ensure systems and controls and compliance procedures, support the business plan and the Company’s operations across Europe, ensuring alignment with central operations and relevant regulatory requirements
  • Keep abreast of all regulatory developments from the MFSA (and other relevant regulators), assess the impact of change, make necessary updates to procedures and report these to stakeholders as appropriate
  • Ensure the timely submission of regulatory returns and regulatory fees and good working relationships are maintained with the Regulators.
  • Critically assess and challenge the risk and control registers of each branch to ensure they continue to provide value and assurance to senior management
  • Embed the quarterly RCSA attestation programme and perform line 2 control testing in accordance with the control assurance plan to support this.
  • Provide regular reporting to the relevant Boards and management teams.
  • Ensure Directors and employees are kept appraised of changes which impact their roles and responsibilities.

  • In-depth knowledge of current Risk Management practices, including Solvency II Pillar 2 requirements in respect of application to insurance firms
  • Working knowledge of MFSA Insurance rules and compliance reporting requirements
  • Understanding and working knowledge of other EEA insurance regulatory regimes, preferable but not essential
  • Proven track record of working with the MFSA insurance rules and regulations
  • Must have excellent verbal and written communication skills in English
Education and Experience
  • Must hold a Degree level of qualification in a related field

€80,000 to €90,000 / year
Full Time
Job Type
Senior Management
Experience Level

Motor Claims Handler (Maltese & English Speaking)

Send me Similar Jobs