Head of Risk and Compliance (Banking)
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Location
Malta
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Sector:
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Salary:
Attractive
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Contact:
Tijana Tufek
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Job Reference:
7539
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Published:
3 months ago
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Expiry:
2021-02-28
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Client Details:
Castille
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Consultant:
Tijana Tufek
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Skills tags:
Compliance , Regulatory Compliance (Banking) , Regulatory Compliance (Financial Services) , Risk
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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
- 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
- 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