Head of Risk Management

Min Experience: 5+ years
Location: Malta, Sicily, Italy, Greece, Tunisia, Albania
Job Type: full-time

Responsibilities

• Set up and manage the Risk Management Framework: Establish appropriate risk policies and procedures to minimize the Company's risks.
• Recommend updates to the Risk Appetite Statement: Advise the Board of Directors on annual updates and appropriate risk tolerance limits, clearly outlining the level of risk acceptable in line with strategic goals.
• Maintain a risk register: Systematically record identified risks and mitigation actions.
• Identify, analyze, quantify, and mitigate risks: Address risks faced by the Company with appropriate actions. The risk identification should encompass integrity risks (such as AML/CFT and fraud), ICT, operational, market, credit, legal, compliance, conflicts of interests, and other relevant risks in accordance with all intended crypto-asset services. The risk identification process should address risks at various levels, including individual business lines, the overall entity, and outsourced activities.
• Conduct ongoing risk assessments: Regularly evaluate risks to ensure they are managed effectively.
• Credit and Counterparty Risk Management: Design, enforce, and monitor credit risk policies and oversee exposures.
• Implement risk measurement methodologies: Recommend risk appetite thresholds and develop monitoring tools.
• Ensure compliance with regulatory requirements: Maintain activities within relevant risk-related regulations.
• Collaborate with senior management: Manage key risks, provide analysis, and highlight risk exposures and performance metrics. Coordinate cross-functionally with business units to refine risk controls and support new product development.
• Lead regional incident response and crisis management efforts: Oversee responses to incidents and crises.
• Develop specific risk management actions: Create targeted strategies to reduce or control risk exposure.
• Monitor and report on risk management activities: Implement continuous monitoring systems and regular reporting to management.
• Evaluate the risk management framework annually: Assess its effectiveness, relevance, and adequacy in addressing emerging risks.
• Stay updated on industry trends and emerging risks: Adapt strategies to reflect changes in the environment.
• Support the preparation of reports for the Board of Directors, senior management, auditors, and regulatory authorities.
• Respond to information requests from regulators and auditors, and provide assistance during thematic reviews conducted by these parties.
• Participate in meetings as required.
• Undergo the MFSA PQ process.

Requirements

• Familiarity with the operations of the crypto, investment, or banking sectors (considered an advantage).
• Relevant qualification in financial services or compliance is required.
• Strong verbal and written communication skills, sound judgment, and analytical abilities.
• Follow-up skills and the ability to communicate clearly and promptly are essential.
• Team player skills with a genuine interest in digital assets and blockchain technology.
• Enthusiasm for continuous learning and a willingness to explore new frontiers in technology and compliance.

Skills

• Must-have skills: Credit Risk
• Good-to-have skills: Financial Risk, Market Risk, Legal Entity Risk