# Head of Risk - Malta

**Company:** [Weekday AI](http://jobs.workable.com/companies/pxG9rDgnvZm2c86JUchT1j.md)
**Location:** Malta, United States
**Workplace:** on site
**Employment type:** Full-time
**Department:** Weekday's Client via platform

[Apply for this job](http://jobs.workable.com/view/f4b1e51f-00ef-455b-9615-d0c4a98ce74e)

## Description

**This role is for one of the Weekday's clients**

Min Experience: 5+ years

Location: Malta  
JobType: full-time

## Requirements

**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