Vincent Valletta
Chief Officer - Risk And Compliance
56, Triq Il-Kuncizzjoni, Lija,Malta
Summary
Accomplished Chief Officer equipped with natural leadership talents and proven business acumen with 30 years experience in banking. Specializes in effectively running and continuously improving risk and compliance operations, building teams from scratch whilst still focusing on the commercial success of the business. Proven talents in building strategic partnerships with stakeholders and driving necessary change.
Overview
29
29
years of professional experience
3
3
years of post-secondary education
3
3
Languages
Work History
Chief Officer - Risk and Compliance (MFSA Approved)
Novum Bank Limited
3 2017 - Current
- Member of the Bank's EXCO;
- Planning and designing, together with the Bank's Board of Directors, the Bank's Risk Management Strategy and Framework;
- Aligning with the Bank's overall commercial and strategic objectives and regulatory requirements;
- Risk identification, assessment, analyses, monitoring and reporting;
- Development of risk mitigation and control plans;
- Ensuring the Bank's activities comply with all legal and regulatory requirements in all the jurisdictions it operates;
- Keeping up to date on regulatory changes and their impact on Bank's operations;
- Developing and communicating risk and compliance strategies, policies and procedures within the Bank;
- Designing, implementing and overseeing the Bank's Compliance Program Management including compliance risk assessments and testing and monitoring of compliance controls;
- Overseeing the preparation of the Bank's annual ICAAP, ILAAP and Recovery Plan; monitoring regulatory reporting submissions;
- Providing regular reporting to the relevant committees, Board of Directors, and other stakeholders as necessary;
- Attending and presenting in all Risk and Compliance Committee and Board of Directors meetings;
- Serving as the primary point of contact for regulators and managing thematic reviews, inspections and other inquiries;
- Leading a team of 15 people including legal counsel, risk manager, compliance manager and anti financial crime staff;
- Developing and delivering risk and compliance training for employees at all levels;
- Fostering risk awareness and a culture of compliance and ethical behaviour across the organisation;
- Mentoring and developing of future leaders through mentorship programs and succession planning strategies.
Chief Officer - Risk and Compliance, MLRO
BAWAG Malta Bank Ltd
01.2010 - 03.2017
- Planning, designing and proposing to the Board of Directors, the Bank's risk appetite, tolerance and strategy, policy, etc.;
- advising the Board of Directors on potential risks to the Bank, including credit, market, operational, corporate governance, business continuity, regulatory and others;
- planning and designing the overall risk management process of the Bank including managing the risk control function;
- communicating the Bank's overall risk profile on an ongoing basis, including implementing risk management processes such as ICAAP and ILAAP; discussing and challenging proposed decisions that affect the Bank's exposure to risks;
- ensuring that the Bank assumes only reasonable, financially rewarding & manageable risks; ensuring that the bank operates within its economic capabilities, regulatory constraints and competencies;
- liaising with legal advisers regarding disputes, debt collection, documentation such as security and loan agreements,
- outsourcing agreements, service level agreements, etc.; drafting of internal policy documents such as risk policy,
- AML and compliance manuals, terms of reference of various committees, etc
- ensuring adherence to such policies/manuals; advising on the application and impact of laws, rules, regulations and standards to be met by the Bank (e.g. AML, Data Protection, CRR, etc.);
- secretary of the Bank's Risk Committee, participating in the Audit Committee and Board Meetings at least on a quarterly basis;
- monitoring the Bank's compliance with all applicable laws, rules, regulations and standards;
- keeping up to date and adapting to any regulatory changes;
- supporting staff within different functions to build risk awareness within the Bank;
- reviewing proposed new products and services from a risk and compliance perspective within the Bank's product implementation process;
- meeting with commercial clients to form opinions on credit, reputation, financial and other risks;
- representing the Bank in conferences locally and abroad; travelling and liaising with parent and related companies, primarily in Vienna;
- liaising with Malta Financial Services Authority, Central Bank of Malta, Malta Banking Association, Financial Intelligence Analysis Unit etc.
Vice President - Risk Management
FIMBank plc
01.2005 - 09.2010
- Review and approval of credit applications;
- preparation of financial and credit analyses thereof;
- structuring of trade finance transactions from a risk management perspective;
- preparation and monitoring of credit agreements and security documentation;
- internal and external credit related reporting;
- administering impaired assets;
- regulatory and financial reporting;
- responsible for the risk management team of five people.
Senior Commercial Banking Officer
HSBC Bank Malta plc
01.1995 - 09.2005
- Managing the Bank's highest profile corporate customers and prospecting for new customers;
- building internal and external relationships to deliver optimum customer experience;
- following a robust risk management culture and managing risks, particularly credit, money laundering, fraud and reputation risks.
Education
Master in Business Administration (Henley) -
Henley Business School, University of Reading
Reading, United Kingdom 10.2015 - 05.2018
Diploma in Banking and Financial Services (DipBFS) -
Institute of Financial Services
Diploma in Sales and Marketing Management - undefined
Institute of Sales and Marketing Management
Certificate in Marketing - undefined
Chartered Institute of Marketing
Skills
Organisational and managerialskills
- Demonstrated excellent leadership skills at FIMBank plc and Novum Bank Ltd managing teams of people encouraging strong teamwork, resolving disputes improving business efficiency, reduce errors and overall improvement in results
- Overhauled the 'corporate credit' department within FIMBank plc, improving processes and increasing output and efficiency
- Built the risk and compliance team at Novum Bank Ltd from scratch
- Sets goals, meets deadlines, coordinates tasks and manages time effectively
- Mentoring team members
- Managing complex and troublesome customer relationships
Other training eceived
- MFSA/KPMG/Deloitte/other - various training on CRR, CRD, AML / Recovery Planning / ICAAP / ILAAP etc.;
- PWC - Board of Directors training;
- Henley Business School - corporate finance;
- FITCH London - emerging markets corporate credit;
- Institute of Financial Services - risk management;
- International Chamber of Commerce - Uniform Customs and Practice for Documentary Credits;
- Public speaking;
- In house - negotiation skills, writing skills, customer care etc.
Timeline
Master in Business Administration (Henley) -
Henley Business School, University of Reading
10.2015 - 05.2018
Chief Officer - Risk and Compliance, MLRO
BAWAG Malta Bank Ltd
01.2010 - 03.2017
Vice President - Risk Management
FIMBank plc
01.2005 - 09.2010
Senior Commercial Banking Officer
HSBC Bank Malta plc
01.1995 - 09.2005
Chief Officer - Risk and Compliance (MFSA Approved)
Novum Bank Limited
3 2017 - Current
Diploma in Banking and Financial Services (DipBFS) -
Institute of Financial Services
Diploma in Sales and Marketing Management - undefined
Institute of Sales and Marketing Management
Certificate in Marketing - undefined
Chartered Institute of Marketing
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