We are seeking a proactive and detail-oriented Risk Officer to join our Risk Function within a Malta-based financial institution operating in the payments and fintech sector.
Reporting to and assisting the Head of Risk Management and Governance Strategy, the Risk Officer will support the implementation, monitoring and continuous development of the organisation’s risk management and governance frameworks.
The role will assist in identifying, assessing, monitoring and reporting risks across the organisation, ensuring that relevant risks are appropriately documented, managed, escalated and reported in line with the organisation’s risk appetite, policies, procedures and applicable regulatory requirements.
The successful candidate will work closely with the Head of Risk Management and Governance Strategy and relevant business functions, providing risk-related analysis, monitoring and support across the organisation. The role will also contribute to strengthening the organisation’s risk culture, governance practices and overall risk management framework.
Key Responsibilities
➢ Assist the Head of Risk Management and Governance Strategy in the implementation and continuous development of the organisation’s risk management and governance framework.
➢ Support the identification, assessment, monitoring and reporting of financial and non-financial risks across the organisation.
➢ Maintain and update the organisation’s risk register, risk assessments, risk appetite metrics and Key Risk Indicators (KRIs).
➢ Assist with the preparation of regular risk reports, dashboards, management information and materials for senior management and relevant governance committees.
➢ Monitor risk exposures, incidents, breaches, control weaknesses and emerging risks, escalating material matters to the Head of Risk Management and Governance Strategy as appropriate.
➢ Support the performance of risk assessments relating to products, services, processes, projects, outsourcing arrangements, operational activities and material business changes.
➢ Assist in monitoring compliance with approved risk policies, procedures, limits and risk appetite requirements.
➢ Support the identification, documentation and monitoring of risk mitigation and remediation actions.
➢ Follow up with relevant stakeholders on outstanding risk actions and maintain appropriate records of progress and resolution.
➢ Assist in the review and development of risk policies, procedures, methodologies and governance documentation.
➢ Conduct research and analysis on emerging risks, industry developments and regulatory requirements relevant to the payments, financial services and fintech sectors.
➢ Work collaboratively with Compliance, the MLRO, Internal Audit, Finance, Operations, ICT and other relevant functions on risk-related matters.
➢ Provide risk-related input and support during the development or implementation of new products, services, systems and processes.
➢ Assist with the preparation and coordination of risk-related information requested by management, auditors, regulators and other relevant stakeholders.
➢ Support the organisation in maintaining a strong risk awareness and risk management culture.
➢ Assist with internal and external audits, regulatory reviews, examinations and other assurance activities, as required.
➢ Maintain accurate and up-to-date risk documentation, records and reporting in accordance with established governance requirements.
➢ Undertake other risk management and governance activities as reasonably assigned by the Head of Risk Management and Governance Strategy.
Person Specifications
➢ Bachelor’s degree in Risk Management, Finance, Business Administration, Economics, Accounting, Management or a related field. A Master’s degree or relevant professional qualification is considered an asset.
➢ 2-3 years of relevant experience in risk management, preferably within financial services, banking, payments, fintech or another regulated environment.
➢ Previous experience in a Risk Officer, Risk Analyst, Risk Specialist or similar role is preferred.
➢ Good understanding of risk management principles, frameworks, governance and internal controls within a regulated financial institution.
➢ Knowledge of the regulatory and risk management environment applicable to financial services, payments and fintech in Malta and/or the EU is considered an advantage.
➢ Experience in preparing risk assessments, risk registers, Key Risk Indicators (KRIs), risk reports and management information.
➢ Strong analytical, organisational and problem-solving skills, with a structured and detail-oriented approach to work.
➢ Strong written and verbal communication skills, with the ability to communicate risk matters clearly to both technical and non-technical stakeholders. Excellent command of English, both written and spoken.
➢ High level of professionalism, integrity, discretion and confidentiality.
➢ Ability to work independently while collaborating effectively with the Head of Risk Management and Governance Strategy and other business functions.
➢ Strong organisational skills and the ability to manage multiple priorities and meet deadlines.
➢ Proficiency in Microsoft Office, particularly Excel and PowerPoint; familiarity with GRC, risk-management or reporting platforms is considered an asset.
➢ Relevant professional qualifications or training in risk management, financial services, governance, compliance or related disciplines are considered an advantage.