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Head of Risk and Compliance (Banking)

  • Location

    Malta

  • Sector:

    Banking

  • Salary:

    Attractive

  • Contact:

    Tijana Tufek

  • Job Reference:

    7539

  • Published:

    4 days ago

  • Expiry:

    2021-02-28

  • Client Details:

    Castille

  • Consultant:

    Tijana Tufek

A well established banking institution is seeking to employ a Head of Risk and Compliance. The successful candidate will be leading the Risk& Compliance Department and report directly to the CEO.

Job duties include:

Risk Management
  • Planning, designing and implementing risk management processes, tools and systems to identify, assess, measure, manage, monitor and report risks, including maintaining a rolling risk register
  • Supporting the development and strengthening of the Bank’s internal control systems and overarching risk management framework
  • Preparation of the regulatory suite of documents, including the ICAAP, ILAAP and Recovery Plan
  •  Preparation of the financial risk management section found in the annual report
  • Ownership of the Risk Monitoring Committee, including development and monitoring of key risk indicators (KRIs);
  • Protecting the independence of the second line of defence and fostering a healthy risk-aware culture across the Bank
  • IFRS 9 Expected Credit Loss (ECL) exercise
Compliance Management
  • Ensuring the Bank’s ongoing compliance with relevant laws, regulations, policies and procedures
  • Completing an annual regulatory risk assessment, and providing recommendations for remediation through an annual compliance plan
  • Monitoring compliance of the Bank’s AML/CFT activities and the exercise of effective influence on its AML/CFT policies and procedures
  • Being the point of contact for competent authorities
  • Review any modifications to existing or new products or services at development stage to ensure their compliance and the introduction of effective controls
  • Ensuring the timely reporting of FATCA
  • Ensuring the timely delivery of regulatory reports
  • Being on the lookout for emerging regulations or directives that could have an effect on the Bank and investigating their impact
Skills and Qualifications required:
  • Postgraduate education in Banking and Finance, Accounting, Business, Maths and Statistics, or equivalent, with a solid understanding of the banking industry, with a minimum of 3 years’ experience working in a similar role
  • Excellent written and verbal communication; strong sense of integrity, ethics and independence, with courage to speak out; analytical/inquisitive mindset