Risk Manager

€50,000 - €60,000  |  Malta

Our client is an MFSA licensed Electronic Money Institution based in Malta and having an international client base. They are currently looking to recruit a Risk Manager to join their team of professionals.

Responsibilities:

  • Assisting the Board in setting risk management strategy, developing a risk management framework of the Undertaking's risk appetite, limits, and tolerances, in establishing internal risk management structures, and in ensuring that the necessary resources are available and dedicated to achieving the risk management objectives;
  • Liaising with the Board and other functions in assessing and defining the risks existing in specific risk areas and from those assessments developing written risk management policies and procedures to manage those risks;
  • Assisting the Board in assessing the company's capacity to absorb risk with due regard to nature, probability, duration, correlation, and potential severity of risks, including looking at risks from different perspectives, such as by territory or by a line of business;
  • Identifying and assessing emerging risks and advising the Board thereon;
  • Working with the Board and other functions to determine acceptable risk limits for each risk type and facilitating control mechanisms to ensure that limits and procedures are adhered to and that the company is operating within the risk appetite parameters set by the board;
  • Assisting the Board in implementing the risk strategy agreed upon by ensuring the effective operation of the risk management system, by facilitation of other functions, and by performing specialist analysis and quality reviews;
  • Maintaining an organization-wide, aggregated view of the Company's Undertaking's risk profile;
  • Preparing reports, either separately or in conjunction with other functions as needed, for formal discussion at Client Board meetings and for presentation to other stakeholders on the material risks faced by the Undertaking and on the effectiveness of the risk management system;
  • Developing documented processes to respond to imminent and post-loss risk events, including contingency and business continuity programs. Evaluate on a regular basis the design and operational effectiveness of the risk management system to identify, measure, monitor, manage and report risks the company is exposed to;
  • Advising the Board on the effectiveness of strategies and policies with respect to maintaining, on an on-going basis, amounts, types, and distribution of capital adequate to cover the risks of the institution;
  • Supporting the company staff in all Risk Management related matters that are reported to the wider Captive Practice team;
  • Assisting with the Business Risk Assessment and Client Risk Assessment of the Management Company.

Education and Experience:

  • Tertiary level degree of education
  • Postgraduate qualification in risk management will be considered an asset 
  • A minimum of 2 years of local working experience in a similar position
  • Excellent communication skills in English  

Skills:

  • Excellent analytical and numerical skills
  • Ability to work under pressure
  • Thinks and acts strategically

Ref.: EU161


  • Primary job focus
    Security & Risk
  • Job type
    Full Time
  • Employment level
    Experienced
  • Employer industry
    Financial Services
  • Languages
    English

Risk Jobs in Malta entail the assessment and prevention of financial risk and fraud. Jobs in risk within this sector include credit risk, risk & fraud and operational risk jobs.

  • Job Reference
    EU161
  • Closing Date
    01/02/2021
  • Date Published
    03/12/2020
  • Status
    Processing

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