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Risk & Internal Control Manager

Location: MSIDA Salary: Salary Negotiable
Sector: Financial Services Job Type: Permanent
Shift Type: N/A Applications: 2
Posted: 12 months ago Reference: 3039033
REED Specialist Recruitment are seeking a Risk & Internal Control Manager on behalf of a very interesting international firm for their office in Malta. The company is growing very well and is expanding their products and service lines. The company is multi-cultural, dynamic and offers an excellent work life balance; with people rarely in the office past 5:30pm. This is a great opportunity for someone with the right attitude and willingness to learn and develop.

Main Duties:
- Risk Officer and Internal Controller of the Companies
- Execution of local inspections according to the annual Inspection plan
- Action plan follow up with process owners
- Business continuity plan management/maintenance and testing
- Policy and procedure management and drafting
- Coordination of operational risk mapping and global risk mapping
- Development of risk management tools, methodologies and reporting
- Ensuring compliance with internal processes and policies
- Maintaining compliance with the system of governance requirements under solvency II and promoting sound corporate governance practices

Detailed Duties:
- Formulate yearly inspection planning together with Managing Director according to group rules
- Ensure procedures are written, updated and uploaded in the group intranet tool
- Animate action plan follow up with process owners via an internal control committee and ancillary meetings as necessary
- Coordinate the annual evaluation of the operation risk mapping and global risk mapping
- Coordinate the annual Own Risk and Solvency Assessment
- Coordination with Permanent Control Corporate department to deploy group internal control methodologies
- Animate and spread a sound risk management culture among staff and management via committees, policies, communications
- Coordinate compliance to Solvency II regime with the different involved functions (finance, actuary, product, legal, group audit)
- Manage more specifically the pillar II aspects of Solvency II (and more precisely governance matters)
- Production of Own Risk and Solvency Assessment and regulatory supervisory and public narrative reporting including Solvency and Financial Condition Report and Regular Supervisory Report
- Set up or review frameworks to enhance internal control and risk management practices

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