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Senior Manager within Risk Management

  • Location


  • Sector:

    Financial Services

  • Contract Type:


  • Job Reference:


  • Published:

    8 months ago

  • Expiry:

    12 Aug 00:00

  • Client Details:

    Malta Financial Services Authority

  • Skills tags:


About Risk Management

The MFSA recognises that risks are associated with achieving our value-based objectives. The management and mitigation of these risks is an essential part of the Risk Management function's activities. The main aim of this team is to provide reasonable assurance that the risks associated with achieving the strategic objectives are understood and addressed at all levels within the organisation. This is achieved by ensuring that at all times:

  • Risks are properly identified, assessed, managed and reported;
  • Risk ownership is taken and communicated;
  • Resources are effectively and efficiently allocated to manage risks;
  • Risks that could significantly affect our employees, the Authority, and our stakeholders including Licensees or the general public are suitably managed;
  • The Authority is compliant with regulatory and legal requirements.

The Role

Within this role you will be accountable for managing the delivery of Risk Management's programmes and services in support of the MFSA’s overall risk management strategies to mitigate risks and ensure that the Authority cost-effectively and efficiently fulfils its statutory, directive and enterprise policy-mandated responsibilities and discharges its regulatory and supervisory duties.

As Senior Manager within Risk Management you will have the following responsibilities:

  • Managing and overseeing the planning, development, implementation and execution of Risk Management programmes and services throughout the MFSA to implement effective risk identification, mitigation, management and reporting across the Authority;
  • Ensuring consistency with overall section or department performance measures, standards and best practices and integration with overall MFSA directions;
  • Providing expertise and advice to MFSA management and staff on their respective risk management frameworks, processes, controls and tools and for overseeing risk-based targeted reviews of programme, framework, process, reporting and control effectiveness and for conducting related assessments;
  • Providing advice and guidance in response to issues impacting the achievement of department directions as well as providing evidence-based recommendations for problem resolution and improvement to methods to deliver programs or services;
  • As part of the management team, support MFSA leadership in formulating strategies and developing tactics while providing leadership in the execution of programmes and services to deliver on strategy and tactics;
  • Ensuring a sustainable, transparent, effective and fluid risk management process, while considering the overall operational plans and priorities of the department;
  • Where necessary, managing the unit and its staff to promote a culture of service excellence which respects diversity, encourages team work and contributes to a healthy, rewarding and productive working environment;
  • Being involved in the hiring, training and continued coaching of staff, conducting performance reviews and managing any performance and employee related matters;
  • Supporting critical change and a new collaborative, forward thinking culture within the organisation;
  • Developing and managing relationships and consultation with stakeholders impacted by Risk Management programmes and operations to discuss and clarify programme or service related issues and needs.
*Dear Candidate, kindly note that this role is not managed by Castille. MFSA, in this case, is responsible to manage the application process. In case of any difficulties, feel free to contact brand@castilleresources.com, and we will direct your query to the relevant contact at MFSA.
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