Head of Risk

Role Overview

This position serves as the Head of Risk for one of Weekday AI's clients, located in Malta. The incumbent is expected to have over 5 years of experience and will be employed full-time onsite. The role requires oversight and management of the comprehensive risk function within the company, ensuring alignment with regulatory standards and strategic objectives.

Risk Management Responsibilities

• Develop and oversee the Risk Management Framework by establishing appropriate policies and processes aimed at minimizing potential risks to the company.
• Propose updates to the Risk Appetite Statement annually, advising the Board of Directors on appropriate risk tolerances aligned with company strategy.
• Maintain a systematic risk register that logs identified risks alongside associated mitigation measures.
• Identify, evaluate, quantify, and address various risk types including integrity risks (e.g., AML/CFT and fraud), ICT risks, operational, market, credit, legal, compliance, conflicts of interest, and others relevant to crypto-asset services.
• Perform continuous risk assessments at business line, entity-wide, and outsourced activity levels to ensure effective risk management.
• Design, implement, and monitor credit and counterparty risk policies and exposures.
• Develop and apply risk measurement methodologies, including defining appetite thresholds and creating monitoring tools.
• Ensure all risk management activities fully comply with applicable regulatory frameworks.
• Collaborate with senior management and cross-functional teams to manage critical risks, refine controls, analyze exposures, and support new product launches.
• Lead regional incident response and crisis management initiatives.
• Formulate targeted risk management strategies to reduce or control exposures effectively.
• Oversee ongoing monitoring and reporting of risk management activities to leadership.
• Conduct annual evaluations of the risk framework’s effectiveness and make necessary adjustments to mitigate emerging risks.
• Keep abreast of industry developments and emerging risks, adapting the risk management approach accordingly.

General Duties

• Assist in preparing comprehensive reports for the Board, senior executives, auditors, and regulators.
• Respond promptly to information requests from regulatory bodies and auditors, providing full support during thematic reviews.
• Participate actively in required meetings relating to risk and compliance matters.

Additional Information

The Head of Risk is required to complete the Malta Financial Services Authority (MFSA) Pre-Approval Questionnaire (PQ) process as part of their role compliance.

Candidate Profile and Required Skills

• Preferred background includes familiarity with crypto operations, investment sectors, or banking industries.
• Possession of a relevant qualification in financial services or compliance is mandatory.
• Excellent verbal and written communication capabilities, combined with strong judgment and analytical skills.
• Proactive follow-up and effective, clear communication are critical.
• Demonstrates teamwork abilities and shows genuine interest in digital assets and blockchain technology.
• Exhibits enthusiasm for continuous learning and openness to exploring new technological and compliance horizons.