Working Model: Hybrid, with onsite working 2–3 days per week.
Working Hours: Monday to Friday, 9 am–6 pm.
Contract type: Full-time, Permanent.

We are seeking an experienced and commercially minded Risk professional to join our Group Risk function in a dual role as Head of Risk Malta and (Group) Financial Risk Manager. The role combines independent oversight of the risk profile of our Malta-regulated entity with broader responsibilities across Convera’s Group Financial Risk function, including capital, liquidity, market and counterparty credit risk. The successful candidate will work closely with senior management, the local Board, regulator (i.e. MFSA) and key functions across the organisation, providing independent risk oversight, challenge and practical recommendations.

You will be responsible for:

Head of Risk Malta / Entity Risk Oversight

• Provide independent oversight of CMFL's risk profile and report material risks, challenges, and recommendations to management and the Board.
• Maintain the Risk Appetite Statement, Key Risk Indicators (KRIs), and monitor risk appetite breaches.
• Act as the designated Outsourcing Officer, overseeing outsourcing, third-party, ICT, and intragroup arrangements.
• Review and challenge outsourcing assessments, due diligence processes, and exit plans, ensuring regulatory compliance.
• Lead engagement with the Malta Financial Services Authority (MFSA) on risk-related matters, regulatory reviews, and remediation activities.
• Identify emerging risks and control weaknesses, challenge business processes, and monitor remediation actions through to completion.
• Support the implementation of Convera's risk frameworks, policies, and methodologies within the Malta entity.
• Provide oversight across operational risk, operational resilience, and ICT risk activities.
• Promote risk awareness and deliver risk training where appropriate.

Group Financial Risk Management

• Monitor regulatory capital and liquidity positions across entities, ensuring approved buffers and risk thresholds are maintained.
• Lead the preparation of wind-down plans, capital and liquidity stress testing, and support ICARA documentation.
• Conduct quantitative and qualitative financial risk analysis and provide recommendations to support risk appetite and governance decisions.
• Contribute to the oversight of market, counterparty credit, and liquidity risks associated with FX and payments activities.
• Support the development and enhancement of financial risk methodologies, monitoring tools, and management reporting.
• Participate in strategic and regulatory projects led by the Financial Risk function.

Stakeholder Management & Governance

• Build strong relationships with senior stakeholders, including Board members, regulators, Finance, Treasury, Compliance, Legal, Credit, Procurement, and Risk teams.
• Act as a risk subject matter expert within cross-functional projects and governance forums.
• Support internal audits, external audits, and regulatory reviews.

You should apply if you have:

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Risk Management, or a related discipline.
• At least 5 years of risk management experience within a regulated financial services environment, with significant exposure to financial risk.
• Strong knowledge of capital, liquidity, market risk, and counterparty credit risk, including hands-on experience with regulatory capital and liquidity monitoring, stress testing, and risk reporting.
• Experience preparing and presenting risk analysis, insights, and recommendations to senior management, risk committees, Boards, and regulators.
• Ability to translate complex quantitative analysis into clear, practical conclusions and business recommendations.
• Experience with ICARA processes, wind-down planning, capital adequacy assessments, and liquidity risk frameworks.
• Experience in foreign exchange (FX), cross-border payments, or similar financial services products.
• Strong understanding of quantitative analysis, financial risk modelling, stress testing, and risk measurement techniques.
• Exposure to outsourcing and third-party risk management, operational resilience, and ICT risk oversight.
• Knowledge of the MFSA regulatory framework, as well as PSD2, MiFID II, and IFR/IFD regulatory requirements.
• Professional qualifications such as FRM (Financial Risk Manager), PRM (Professional Risk Manager), or CFA (Chartered Financial Analyst) are highly desirable.
• Excellent written, verbal, analytical, stakeholder management, and organizational skills.
• Ability to work effectively with senior stakeholders across Risk, Finance, Treasury, Compliance, Legal, and Regulatory functions.
• Please note that the successful candidate's appointment will be subject to MFSA approval.

About Convera

Convera is the largest non-bank B2B cross-border payments company in the world. Formerly Western Union Business Solutions, we leverage decades of industry expertise and technology-led payment solutions to deliver smarter money movements to our customers – helping them capture more value with every transaction. Convera serves more than 30,000 customers ranging from small business owners to enterprise treasurers to educational institutions to financial institutions to law firms to NGOs.

Our teams care deeply about the value we bring to our customers which makes Convera a rewarding place to work. This is an exciting time for our organization as we build our team with growth-minded, results-oriented people who are looking to move fast in an innovative environment. 

As a truly global company with employees in over 20 countries, we are passionate about diversity; we seek and celebrate people from different backgrounds, lifestyles, and unique points of view. We want to work with the best people and ensure we foster a culture of inclusion and belonging.

We offer an abundance of competitive perks and benefits including: 

• Market competitive salary
• Opportunity to earn an annual bonus 
• Great career growth and development opportunities in a global organization
• A flexible approach to work (6-10 days per month in the office)
• Generous insurance (health, disability, life) 
• Paid holidays, time-off, and leave policies for life events (maternity, paternity, adoption)
• 3 wellness days per year
• Paid volunteering opportunities (5 days per year)

There are plenty of amazing opportunities at Convera for talented, creative problem solvers who never settle for good enough and are looking to transform Business to Business payments. Apply now if you’re ready to unleash your potential.

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