Risk Management Department

Sparkasse Bank Malta plc is a licensed credit institution that provides corporate and private banking, investment services and custody / depository services.

Our team comprises dynamic professionals who are part of an environment that promotes team spirit and rewards competence.

As a result of the continuous regulatory developments, we are seeking to further strengthen the Bank’s risk team and the 2nd line of defense, hence we are looking to recruit a talented Senior Risk Analyst to work closely with the Head of Risk on any risk matters. The role grants substantial exposure to many dimensions of risk management, a specific focus on operational risk management, IRRBB, ESG and regulatory-driven workstreams in a bank (SREP and Resolution). 

The ideal candidate must have strong financial analysis and modelling skills (especially in Excel), or must be willing to learn such skills shortly after the employment date. The role is highly technical and requires extensive reading of regulations on an ongoing basis.  

Main Responsibilities:

  • Work on the various assigned duties of the Risk Function under the guidance of the Risk Manager; 
  • Run the Bank’s EVE and NII models for IRRBB on a quarterly basis and for the ICAAP (this task entails financial modelling skills); 
  • Assist with reviewing and updating the operational risk model of the Bank;
  • Help maintain and run the Bank’s Climate & Environmental Risk Framework;
  • Assist various departments with maintaining their risk register and controls library;
  • Carry out Risk Control Assessments (RCAs) on an on-going basis, by department;
  • Maintain operational (and other) risk logs and dashboards reporting statistics to the Risk Manager;
  • Review and update the relevant risk policies as needed (Liquidity, IRRBB, Operational, RMF, RAS, Stress Testing of Framework, Fraud, BMA, OCIR, among others and draft new ones as needed);
  • Assist the Risk Manager in the analysis of the Bank’s credit exposures and collateral quality assessments (this task entails financial statements analysis); 
  • Assist the Risk Manager in the analysis of the Bank’s counterparties (this task also entails financial statements analysis); 
  • Help maintain the Anti-Fraud Risk Register;
  • Assist with stress testing tasks as per the relevant framework of the Bank, ad-hoc and for ICAAP/ILAAP; 
  • Assist with risk management tasks pertaining to the Bank’s Branch in Ireland;
  • Contribute to SREP and Resolution documents (such as ICAAP, ILAAP, Recovery Plan and OCIR) and other regulatory projects as may be required (this task entails financial modelling skills);
  • Other tasks as assigned by the Risk Manager depending on the exigencies of the Bank.
Qualifications / Skills:
  • Master’s degree in Banking & Finance, Risk, Accounting, or Mathematics or in the process of obtaining one; 
  • An interest in working with advanced financial models; 
  • 2-3 years of relevant experience; 
  • Experience in a bank, financial institution or investment services firm in the relevant Risk or Operations department is considered an asset; 
  • Experience in a Big 4 firm, working Risk, Regulatory or Advisory teams, is considered an asset;
  • Excellent knowledge of Microsoft Office suite programs, especially Excel is a must;
  • Analytical skills, with attention to detail and ability to meet deadlines consistently;
  • Interest in banking regulation and ESG concepts;
  • Ability to plan and work independently; and
  • Excellent command of English, both oral and written. 


As part of the interview process, candidates may be requested to submit a copy of their thesis and/or financial models which they have built. 

Training will be provided, specifically in the context of the Bank’s business.

An attractive remuneration package is offered to the right candidate, including - career development and growth, health insurance, parking and forming part of a talented, dedicated team and Bank.

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