Our client is an international EMI firm, seeking a Risk Officer to join the Risk & Compliance team. The role will focus on operational risk but will also cover wider risk responsibilities across TPRM, safeguarding, prudential risk and AML.
Key Responsibilities
Coordinate the monitoring process of outsourced functions and those provided on a shared services basis;
Perform periodic third-party risk assessments (Third Party Risk Assessment);
Monitor compliance with SLAs, KPIs, KRIs and controls defined for each provider;
Ensure the updating of the outsourcing register and respective supporting documentation;
Prepare periodic reports on the effectiveness of implemented controls, reporting to the CRO, Board of Directors and Sole Supervisor;
Monitor action plans aimed at mitigating identified deficiencies;
Ensure that business continuity and contingency plans associated with outsourced functions remain updated and tested;
Support the implementation of EBA Guidelines on Outsourcing Arrangements and other applicable regulatory requirements;
Participate in the identification, assessment, monitoring and reporting of the institution’s operational risks;
Support the Risk & Control Self Assessment (RCSA) process;
Contribute to the development and monitoring of the Risk Appetite Framework;
Support the maintenance of the register of operational incidents and operational losses;
Support the monitoring of the institution’s capital prudential requirements;
Support the monitoring of controls associated with the safeguarding of client funds, ensuring compliance with applicable regulations to EMIs;
Perform analysis of KYC processes, customer profiles and transactions;
Support the monitoring of alerts from internal AML systems;
Collaborate in the risk assessment of customers, products, distribution channels and geographies;
Prepare documentation and reports intended for competent authorities;
Ensure the organized maintenance of mandatory records and evidence;
Collaborate in periodic reviews of internal AML/CFT procedures;
Support internal and external audit actions and regulatory inspections;
Work in close collaboration with Operations, Legal, Compliance and Technology teams in mitigating risks and continuous process improvement.
Experience Required
Minimum of 3 years of experience in Risk Management, Outsourcing Risk, Operational Risk or Third Party Risk Management roles in a financial institution or fintech
Knowledge of applicable regulation to Payment Institutions and Electronic Money Institutions;
Experience in monitoring outsourcing contracts and risk assessment of service providers;
Knowledge of operational risk management and internal control methodologies;
Knowledge in AML/CFT and financial regulation;
Experience in preparing risk reports, indicators (KPIs/KRIs) and executive reports
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