A client of ours, a scale up Company setting up locally, and specialised within the Insurance sector, holding a 30-year history in the industry, also aiming at creating a business development team in the near future, is looking to onboard a trusted and well regarded Risk & Compliance Officer, ideally already holding a PQ by the MFSA.
The designated person will serve as the holder of the Risk Management and Compliance Function, subject to regulatory approval, and will be responsible for maintaining the Company's Risk Management and Compliance frameworks, providing independent oversight and challenge to the first line of defense:
Duties:
- Develop risk policies, methodologies and reporting processes, and establish / maintain the Risk Management Framework.
- Monitor the Company's risk profile and risk appetite, coordinating risk assessments and risk registers.
- Recognising areas within an organisation which could prove vulnerable with regards to prevailing regulations
- Responding to legal queries from governing boards or regulatory authorities
- Support ORSA activities and Board risk reporting, constantly monitoring emerging risks and regulatory developments.
- Maintain the Compliance Framework, monitoring compliance with applicable insurance laws, regulations and internal policies, staying up to date with regards to new regulations and requirements
- Provide regulatory guidance to management and the Board as required.
- Prepare compliance monitoring plans and compliance reports, coordinating regulatory filings and regulatory engagements.
- Monitor conduct, outsourcing and governance obligations, delivering compliance awareness and training initiatives.
Requirements
- Must have at least 4 + years' experience in insurance risk, compliance, internal audit or regulatory advisory
- Good understanding of Solvency II
- Solid experience interacting with the Regulators, and Boards
- Must have excellent verbal and written communication skills in English
Education and experience
- Prior Key Function Holder experience would be considered an asset, and eligibility to be is a necessity
- Must be in possession of a relevant professional qualification
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.
