Risk Officer – Portuguese speaker

Portugueselanguageis essential

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.

• 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.

• 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