Head of Risk Unit - Risk and Compliance Department

We're seeking to recruit a Head of Risk Unit to join our Risk and Compliance Department.

If you're interested in joining our team and satisfy the requirements outlined hereunder, then we're interested in you. 

 

Who we are

We are a leading financial institution, a key player in the Maltese market and part of a highly diversified multi-national group of companies. Employing a team of 220 employees, the Bank offers a full range of lending and savings solutions to both personal and business customers.

We are a team of inspired people who believe that opportunities start with a conversation. 

Duties and responsabilities

The Risk Unit of the Bank is responsible to conduct risk-related tasks and assignments in respect of control and oversight on an enterprise-wide basis, of a broad range of risks such as credit, liquidity, market, concentration, enterprise, model, ESG and operational risk. 

You will be responsible for:

  • Managing the implementation of the Bank's Risk Management Framework and ensuring adherence to the Risk Appetite Framework approved by the Board of Directors;
  • Managing the different offices that form the Risk Unit ensuring adequate oversight, risk assessments, risk monitoring and timely reporting;
  • Working with other functions and risk owners to ensure that the Bank operates within the approved policies and limits of the Bank and that these are reviewed periodically in line with changes in the Bank's risk appetite, strategic and business objectives, macro environment and regulatory horizon;
  • Supporting the Head of Risk and Compliance in sustaining a risk culture throughout the Bank which is embedded in the way the Bank operates and covers all functions and activities;
  • Updating the Bank's Risk Appetite Framework and internal documentation within the Unit's remit to reflect the Bank's strategic objectives, emergent risks and regulatory updates/expectations;
  • Enhancing methods applied and developing new methods for monitoring and reporting of risks in line with internal and regulatory requirements and expectations;
  • Initiating Bank wide or specific risk assessments, including the production of heat maps and any remediation plans;
  • Triggering gap analysis exercises in terms of applicable regulation/guidelines;
  • Co-ordinating and completing the Bank's ICAAP, ILAAP and Recovery Plan exercises including the stress testing process and Resolution templates;
  • Managing and overseeing the use of internal models such as IRRBB and PD models;
  • Assisting the Head of Risk and Compliance in providing the Authorities with any information requested and ensures that the information provided is complete and timely;
  • Participating actively in the Bank's Supervisory Review and Evaluation Process, on-site inspections, thematic reviews, and any other ad-hoc reviews;
  • Liaising with regulatory bodies and external auditors to ensure that the Bank fulfils its internal and regulators requirements and expectations;
  • Ensuring that the Bank is aligned to industry standards and regulatory expectations;
  • Co-ordinating and upkeeping the Bank's Business Continuity Plan;
  • Planning and delivering related training to the first line of defence, other areas and management;
  • Reporting regularly to the Executive Committee;
  • Contributing to the risk committee and Board as requested;
  • Be familiar with relevant regulation and standards such as EBA guidelines, MFSA rules and European Commission Banking Package; and
  • Assist with any other duties that may be required by the Head of Risk and Compliance and/or Chief Risk Officer.
      
     

Competencies and experience

The potential candidate should be reliable and trustworthy, well-organised with a disposition to learn and have a team-oriented approach. 

You must:

  • have a Degree in financial services, economics, econometrics, risk management, statistics, business management or equivalent;
  • have experience in risk management;
  • be self-motivated with an ability to work on own initiative with tight deadlines and adopt a solution-driven approach to work;
  • have the ability to multitask;
  • be meticulous in your work;
  • be reliable and prepared to work under pressure;
  • be proficient in Microsoft Office application; and
  • be proficient in both Maltese and English with excellent verbal and written communication skills. 
      
     

How to apply

If you want to be part of our team, we invite you to send us a detailed CV highlighting your achievements. Applications should reach the Bank only by email on vacancies@bnf.bank.

 


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