Risk Manager

Malta  |  €65,000 - €70,000 

One of our International clients within the Insurance sector is looking for a Risk Manager to report to the CEO and the Risk Committee.


  • The risk management function of the Company
  • Drafting of ORSA, SFCR, RSR reports and any other ad-hoc risk management reports as required by the regulator
  • Review of policies in conjunction with the Compliance Manager
  • Presenting on risk management metrics including dashboards and emerging risks to the Risk and Compliance Committee and the Board
  • Identifying, analysing and measuring risks and capturing these in a risk register
  • Liaising with the actuarial function holder and the internal actuary on reserving and technical provisions and compilation of stressed scenarios for ORSA reporting
  • Liaising with the Compliance Officer on MFSA requirements and reporting
  •  Advising management on ways to mitigate risks and improve processes and procedures
  •  Advising management and the Board on any new emerging risks and their impact on the Company
  •  Liaising with MFSA on any topics related to risk
  • Heading the Product Committee and maintaining the product register
  • Periodic review of the operational model in the countries of operation
  •  Additional reporting and analysis as requested by management

Skill-sets and Requirements

  • Experience working in a risk management role in the financial services industry, preferably insurance
  • Understanding of MFSA requirements with regards to the risk management function
  • Thorough understanding of capital requirements as they affect financial services
  • Nurturing good relationships with staff at the MFSA to make representations on behalf of the company
  • Ability to keep abreast with developments in the risk space as they relate to insurance e. g. EIOPA guidelines, regulation and circulars
  • Good presentation skills and ability to bring to the attention of management and the Board any key risks and their impact on the Company
  • Hold a Personal Questionnaire (PQ) clearance by the MFSA, or willingness and competence to undertake the certification process (the engagement will be subject to successful PQ).

Education & Experience

In possession of a first degree in an area related to risk management, financial services


  • Hybrid working model
  • International Exposure
  • Parking Facilities

Job Reference: NP884

  • Primary job focus
  • Job type
    Full Time
  • Employment level
    Senior Management
  • Employer industry
    Financial Services
  • Languages
    English, French, Maltese
  • Job Reference
  • Closing Date
  • Date Published
  • Status

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