Compliance and Risk Officer

Our client within the Insurance Industry is looking for a Compliance and Risk Officer to join their team. The candidate needs to be PQ'd or in the process of being PQ'd by the MFSA 

Responsibilities:

• Establish and maintain high standards for the risk and compliance function.
• Deliver training sessions for staff and directors as needed.
• Attend five board meetings and ten committee meetings annually.
• Provide compliance officer updates to the Board.
• Present risk management updates to the Board.
• Review board materials, including regulatory updates, risk registers, ORSA reports, outsourcing agreements, IPT updates, licensed business and passports, and other documents requiring board approval.
• Verify the accuracy of meeting minutes, ensuring all action items and approvals meet MFSA requirements.
• Engage in discussions with internal and external auditors and address their queries.
• Assess and update the governance manual to align with internal control standards.
• Participate in MFSA meetings and stay updated on MFSA communications.
• Monitor and ensure compliance with regulatory deadlines, including reporting, IPT, registry filings, VAT, and corporate tax obligations.
• Provide support for adherence to General Good Provisions and other requirements in EU jurisdictions where the business operates.
• Conduct quarterly compliance checks covering insurance, finance, regulatory, and corporate secretarial matters.
• Perform annual evaluations of board composition, fitness and propriety assessments, and key function roles.
• Carry out thematic or ad hoc checks as directed by the Board.

Requirements

• Solid expeirence in a similar role within the Insurance industry
• Detail oriented
• Able to meet deadlines

Education and Experience

• PQ'd or eligible to be PQ'd by the MFSA

Benefits

• Flexible working hours
• Free Parking
• Attractive Performance Bonus

Job Reference: CX982