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