Head of Risk

**This role is for one of the Weekday's clients** Min Experience: 5+ years Location: Malta JobType: full-time **Risk Management** - **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 not only integrity risks (such as AML/CFT and fraud) but also 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 and the overall entity together with 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. Also 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. **General** - 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. The Head of Risk has to undergo the MFSA PQ process. **Required Skills** The incumbent is expected to have, - familiarity with the operations of the crypto, investment, or banking sectors will be 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; and - enthusiasm for continuous learning and a willingness to explore new frontiers in technology and compliance. ### Must-have skills Credit Risk ### Good-to-have skills Financial Risk, Market Risk, legal entity risk