Job Title

Compliance and Risk Officer

  • Sector:
  • Position:
  • Salary: Competitive Salary
  • Location: Ta' Xbiex, Malta
  • Job ID: 08183
Required Skills

Job Description

 

Company Introduction

Our client is a leader in the insurance industry.

Job Responsibilities and Duties

  • Assist the Head of Risk with ensuring that the risk register of each company is continuously up to date and accurate, with regards to the list of risks, risk description, assessment, equity, inherent and residual risk;
  • Assist the Head of Risk with ensuring compliance to Pillar 2 of Solvency II with regards to a sound and robust Risk Management System;
  • Assist the Head of Risk with ensuring all the relevant and types of risks of the Company are identified, monitored and assessed;
  • Assist the Head of Risk with ensuring to minimise the overall risk of each company;
  • Assist the Head of Risk with monitoring the 2nd level controls of all the risks on a quarterly basis and issuing recommendations were necessary;
  • Assist the Head of Risk with following up of such recommendations on a regular basis;
  • Assist the Head of Risk with Risk Management Committee and Solvency 2 minutes and presentations;
  • Assist the Head of Risk with the coordination and preparation of the ORSA for each company, including the submission of the ORSA to the Board of Directors and the Regulator;
  • Assist the Head of Risk with reporting, monitoring and follow up of Operational incidents;
  • Assist the Head of Risk with the Company’s Risk Appetite, it’s monitoring and adherence and reporting;
  • Assist the Head of Risk with the Company’s Annual Director’s Risk Workshop in preparation of the ORSA risks;
  • Assist the Head of Risk with ensuring that the third-party providers have sufficient controls in place to protect against cyber risk;
  • Assist the Head of Risk with ensuring that the Business Continuity Plan is in place and tested;
  • Assist the Head of Compliance & Risk with product compliance review and approval;
  • Assist the Head of Compliance & Risk with product compliance ongoing monitoring;
  • Assist the Head of Compliance & Risk with regular complaints analysis and reporting.

Experience

  • Have at least 3 years of experience in a similar position;
  • A background in Risk, or any studies related to risk would be considered an asset;
  • Experience in excel would be considered an asset;
  • Fluent in written and spoken English;
  • Fluency in French will be considered an asset.

Personal Skills

  • Well organised;
  • Responsible;
  • Able to work on his/her own initiative.

Recruitment Team Leader

Sectors Finance, Legal & Compliance, Risk & Fraud

Contact

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