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Risk & Compliance Manager (Banking)

Job Title: Risk & Compliance Manager (Banking)
Contract Type: Permanent
Location: Valletta, Malta
Salary: €35,000 - €45,000
Reference: 4115
Contact Name: Mark Sims
Job Published: August 24, 2018 08:29

Job Description

The Risk and Compliance Manager is responsible for assessing, responding to and monitoring the Bank’s exposure to risk and ensuring alignment with the Bank’s risk and compliance strategy and risk appetite. The selected candidate will manage the further development and implementation of the Bank’s risk management framework.

Specific responsibilities assigned to the role include:

  • Managing the implementation of all aspects of the risk function of the Bank, including planning, designing, and implementing risk management processes, tools and systems to identify, assess, measure, manage, monitor and report risks;
  • Supporting the development and strengthening of the Bank’s internal control systems and overarching risk management frameworks;
  • Coordinating, compiling and/or updating of statutory returns as well as the Bank’s suite of risk and compliance-related documents such as relevant policies and procedures, ICAAP, ILAAP, Recovery Plan and the Annual Compliance Report;
  • Risk appraisal for credit applications, including analysis, monitoring and reporting;
  • Overseeing adherence of policies, procedures and day-to-day operations to applicable and evolving regulatory requirements;
  • Supporting the Bank’s financial reporting processes;
  • Coordinating the provision of support, education and training to staff to enhance risk awareness and strengthen risk culture within the Bank;
  • Monitoring compliance of the Bank’s AML/CFT activities and the exercise of effective influence on its AML/CFT policies and procedures;
  • Liaising with authorities when required and responding to any request for information made by regulatory authorities;
  • Attending or presenting reports at Audit and Risk Committee meetings, and any other relevant board committees, upon request;

Education and experience

  • Have a demonstrable track record of practical experience in risk management and compliance within a bank or insurance company;
  • Have a tertiary level of education in either Accounting, Banking and Finance, Maths and Statistics or a related subject;
  • Compliance and/or AML certification would be considered an asset;
  • Good understanding of the CRR, CRD IV and the AML/CFT obligations;
  • Strong knowledge of MS Excel.