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Risk Manager

Location: Malta Salary: Salary Negotiable
Sector: Financial Services Job Type: Permanent
Shift Type: N/A Applications: N/A
Posted: 12 months ago Reference: 3041695
REED Specialist Recruitment are seeking a Risk Manager for an international Banking group in Malta. This bank is very well established in Malta and are currently growing their business. Ideally, they are looking for someone that is already approved as a risk manager.

Job Mission / Objective

- To identify the bank’s material risks and ensure that business profile and plans are consistent with risk appetite;
- To optimize risk/return decisions by taking them closely to business, while establishing strong and independent review;
- To ensure that business growth plans are properly supported by effective risk infrastructure;
- To manage risk profile to ensure that specific financial deliverables remain possible under a range of adverse business conditions; and
- To enhance the board’s control and coordination of risk across business areas.
- To optimize risk/return decisions by taking them closely to the bank’s business tasks.

Main Responsibilities

- Overseeing staff risk management in the preparation of regular and ad-hoc reports to local management and Group Risk Management Divisions.
- Is responsible for the monthly and quarterly regulatory reporting to the MFSA under the prevailing Banking Rules.
- Is responsible for the monitoring and reporting to BoD instance of breaches to policies’ limits.
- Ensures that quarterly reporting requested by Group Risk Management Divisions under their regulatory requirement to report on a consolidated group basis are prepared in a timely manner and to the expected quality standards.
- Is responsible for the preparation of the Internal Capital Adequacy Assessment Report in terms of Banking Rule 12.
- Ensures that business growth plans are properly supported by effective risk infrastructure;
- Represents the risk management function at credit committee meetings of the Bank.
Policies and Procedures
- Assists, implements and controls/monitors the Bank’s risk policies.
- Supervises her/his business Unit personnel, coordinates and monitors his/her work,
- Evaluates the work and looks after his/her systematic update, training and professional development.

Job Requirements

- Academic Knowledge: University Degree or equivalent Degree in Banking, Finance, Accounting, Economics or Business Administration and/or a Professional Qualification in Risk Management.
- Foreign Languages: Fluency in English.
- Work Experience: At least 3 years of relevant experience
- Skills / Specialized Know How: Very good knowledge of the local regulatory reporting framework and Basel framework.

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