Risk

• Own and maintain the enterprise risk register and departmental risk registers across financial, operational, regulatory, and technology domains
• Facilitate risk and control discussions with business unit and function heads; challenge risk ratings and mitigation plans
• Support the Director of Risk & Control in setting and monitoring the Board-approved risk appetite framework and key risk indicators
• Prepare risk management information and reporting packs for senior management
• Design, document, and test the internal control framework across key financial and operational processes
• Lead control testing cycles, track deficiencies, and manage remediation plans to closure
• Liaise with the reporting accountant and external auditors on control matters
• Line-manage the Risk & Control Manager and develop team capability
• Advise Finance, Legal, and Commercial leadership as a second-line risk partner
• Coordinate with the Head of Internal Audit and track management actions on audit findings

Head of Risk and Controls

• Support second-line-of-defence oversight of ALM and treasury operations
• Monitor and report Interest Rate Risk and Credit Spread Risk in the Banking Book (IRRBB and CSRBB)
• Support migration from the current Excel-based model to a third-party ALM system
• Support implementation and calibration of interest-rate scenarios, including standardised and internal stress scenarios
• Automate manual processes where feasible
• Oversee behavioural models and assumptions for non-maturing deposits, prepayment behaviour and embedded optionality
• Monitor and challenge modelling assumptions related to Funds Transfer Pricing (FTP) and commercial margin
• Assess the impact of misestimating behavioural assumptions on IRRBB
• Support independent validation of ALM, IRRBB and liquidity models
• Contribute to the Model Risk Management Framework and model governance standards
• Prepare risk reports, management information and quantitative analyses for senior management, ALCO and the Board
• Produce, review and enhance reporting on IRRBB, liquidity risk, CSRBB and model risk
• Perform data analysis and provide commentary on risk trends and emerging risks
• Ensure reporting meets regulatory and internal policy standards
• Monitor risk indicators and risk appetite metrics, escalating material issues and model concerns
• Contribute to ICAAP, ILAAP and stress-testing exercises
• Collaborate with Treasury, Finance, Risk Analytics and ALM teams

Risk jobs in Malta

Head of Risk and Controls

Senior Risk Officer – ALM, Model Validation