Compliance and Risk Manager

  Central Malta  |  €80,000 - €90,000 Annually 

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

Job Reference: NK337


  • Category
    Insurance
  • Job type
    Full Time
  • Employment level
    Senior Management
  • Work Location
    Hybrid
  • Employer industry
    Insurance
  • Languages
    English

Jobs in insurance entail the management and administration of insurance cover. Insurance Jobs in Malta within this sector include actuarial, captive, claims, insurance management and underwriting jobs.

  • Job Reference
    NK337
  • Closing Date
    30/06/2024
  • Date Published
    22/05/2024
  • Status
    Shortlisting

Benchmark Your Salary

By using this site, you consent to the use of cookies to improve your user experience through analytics and personalised marketing efforts.