Compliance and Risk Manager - Insurance jobs in Malta - June 2024
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Compliance and Risk Manager

Konnekt

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:

Duties:

  • 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.

Requirements
  • 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

salary
€80,000 to €90,000 / year
Salary
time
Full Time
Job Type
experience
Senior Management
Experience Level
category
Insurance
Category
industry
Insurance
Industry



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