Our Client, a fully licensed FX Brokerage & Securities company specializing in Forex and CFDs with offices in Malta and other European locations, is looking for an experienced Risk Manager to join their team in Malta. You will be responsible for the Risk Management function, reporting to the CEO, Board of Directors and the Risk and Compliance Committee. The ideal candidate will have a minimum of 5 years’ experience in Internal Control functions with licensed entities, experience in financial services (ideally investments) is highly advantageous as is being MFSA PQd. If you feel you have the necessary skills and experience for this role, then we look forward to receiving your CV for this Malta based Risk Manager role.
MAIN DUTIES AND RESPONSIBILITIES
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Lead the Risk Management function of the Company.
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Plan, design, and implement the overall risk management process and framework for the organization, as outlined in the Risk Management Policy.
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Risk assessment, which involves analysing risks as well as identifying, describing and measuring the risks affecting the business and capturing these in a risk register.
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Assess, evaluate and, where required, challenge decisions or proposed changes that affect company’s risk exposure.
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Recommending and setting of internal risk controls for day-to-day management of business.
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Risk reporting, including risk metrics, KRIs, dashboards and emerging risks to the Board of Directors and the Risk and Compliance Committee, so that members understand the most significant risks ad Company’s overall risk profile.
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Internal Capital Adequacy and Risk Assessment (ICARA) preparation and review.
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Advising management on ways to mitigate risks and improve processes and procedures as well as advising management and the Board on any new emerging risks and their impact on the Company.
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Raise risk awareness and assign accountability to department heads to ensure they are aware of risks relevant to their area of the business and to individuals to explain their accountability for individual risks and controls.
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Regular review of Business Continuity and Disaster Recovery Plan.
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Supervision of outsourced trading operations team, in order to ensure monitoring of intra-day trades, database and data-feed connectivity.
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Maintain an adequate insurance program for the Company.
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Liaise with the Compliance Officer and Finance Manager on MFSA requirements and reporting.
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Liaise with the MLRO on the review of Customer Risk Assessment (CRA) methodology and ML/FT Business Risk Assessment (BRA).
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Liaise with MFSA on any topics related to risk.
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Implement health and safety measures.
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Conduct regular risk and control self-assessment exercises with risk owners and control owners.
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Liaise with internal and external auditors in order to identify new risks and areas of improvement.
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Provide support, education and training to staff to build risk awareness within the organization.
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Review of policies and procedures in conjunction with the Compliance Officer and upper management.
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Assist in drafting regulatory reports and any other ad-hoc risk management reports as required by the regulator.
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Liaise with the Risk Management function established at group level.
CANDIDATE PROFILE
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Minimum 5 years continuous hands-on experience in Internal Control functions with licenced entities.
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Experience working in risk management roles in the financial services industry, preferably within the investment services sector, will be considered to be an asset.
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In possession of a recognised degree in an area related to Economics, Banking, Finance, Mathematics and/or Statistics.
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Understanding of MFSA requirements with regards to the Risk Management function.
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Strong knowledge and experience with Microsoft Office applications, especially MS Excel.
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Ability to work to established deadlines by co-ordinating inputs from various stakeholders.
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Ability to keep abreast with developments in the risk space as they relate to investment services, e.g. ESMA/EBA/MFSA etc. guidelines, regulation and circulars.
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Well-developed report writing skills and ability to present key messages succinctly.
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Good presentation skills and ability to bring to the attention of management, Committees, and Board any key risks and their potential impact on the Company.
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Good analytical skills.
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Ability to work in a team, as well as on own initiative.
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Meticulous and organised, very attentive to detail.
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Existing PQ with the MFSA will be considered to be an asset.
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Knowledge of market risk and trading will be considered to be an asset.
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Membership/fellowship with a recognised Professional Association or Body, as well as a Professional Certification in the field of Risk Management will be considered an asset.
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Very good command of English language (spoken and written).
COMPANY BENEFITS
Due to the high volume of applications we receive at GRS Recruitment, only shortlisted candidates will be responded to.
To apply for this position, please email your CV to
Michelle Cooper, michellec@grsrecruitment.com quoting the above job reference or call +356 27780664 for further information.