Location: Limassol, Cyprus
Company: CMC Markets Cyprus
Department: Risk Management
CMC Markets is a leading global provider of online trading and investment services, with an established international presence and a strong reputation for financial innovation, technology and market expertise.
As part of our continued European expansion, we are seeking an experienced Risk Manager to play a pivotal role in establishing, developing and overseeing the risk management function of CMC Markets Cyprus.
This is a senior opportunity combining strategic risk oversight, regulatory responsibilities and hands-on risk management within a CySEC-regulated investment firm.
The successful candidate will be responsible for developing and maintaining a comprehensive risk management framework, monitoring the firm's financial and non-financial risk exposures, and ensuring alignment with applicable CySEC and European regulatory requirements.
Working closely with Group Risk, Trading, Dealing, Compliance, Finance, Technology and Operations, you will play a key role in establishing a robust and scalable risk management environment supporting the long-term development of CMC Markets Cyprus.
Key Responsibilities
- Lead the development, implementation and ongoing maintenance of the risk management framework for CMC Markets Cyprus.
- Establish and maintain appropriate risk management policies, procedures, controls and reporting structures.
- Ensure the framework is aligned with the firm's business model, risk appetite, Group Risk standards and applicable regulatory requirements.
- Identify, assess, monitor and report material financial and non-financial risks across the business.
- Develop and maintain risk appetite metrics, risk limits and key risk indicators.
- Conduct periodic risk assessments and recommend appropriate risk mitigation measures.
- Provide independent risk oversight and challenge to business functions and management.
- Support the development of risk governance arrangements and reporting to senior management and the Board.
- Monitor and assess the firm's exposure to market, credit, liquidity and counterparty risks.
- Monitor concentration risks and exposure limits across counterparties, products and trading relationships.
- Develop and maintain appropriate stress-testing and scenario-analysis methodologies.
- Work closely with Trading, Dealing and Treasury to identify emerging risks and recommend appropriate mitigation measures.
- Ensure effective monitoring and escalation of material risk exposures, limit breaches and exceptional market events.
- Oversee risk monitoring relating to client trading activity, margin requirements, leverage and account exposures.
- Ensure risk management practices remain aligned with applicable CySEC requirements and the European regulatory framework, including IFR/IFD.
- Work with Finance and Compliance on risk-related aspects of regulatory capital adequacy, liquidity and prudential reporting.
- Contribute to internal capital and risk assessment exercises, including the ICARA process where applicable.
- Prepare and review risk management reports and regulatory submissions within the remit of the risk function.
- Monitor regulatory developments and assess their implications for the firm's risk management framework.
- Support CySEC inspections, internal and external audits and regulatory information requests.
- Identify, assess and monitor operational risks across business activities, systems and processes.
- Monitor operational incidents, control failures, risk events and emerging vulnerabilities.
- Work closely with Technology, Compliance and Operations to assess ICT, cybersecurity and business continuity risks.
- Support risk oversight relating to outsourced functions, third-party providers and critical operational dependencies.
- Contribute to ICT and operational resilience risk assessments in line with applicable regulatory requirements, including DORA where relevant.
- Prepare and present regular risk reports, dashboards and management information to senior management and relevant governance bodies.
- Promote a strong risk-aware culture throughout the organisation.
- Play a central role in establishing and developing the risk management function of CMC Markets Cyprus.
- Implement appropriate local risk policies, controls, reporting processes and governance arrangements.
- Coordinate with Group Risk to ensure integration with CMC Markets' broader European risk management framework.
- Participate in cross-functional regulatory, operational and technology projects.
- Identify opportunities to improve risk monitoring systems, reporting capabilities and internal controls.
Candidate Profile
- Minimum 7 years of relevant experience in risk management, including experience leading risk functions , within a CySEC-regulated financial services environment.
- Previous experience within the CFD, FX brokerage or investment services industry is strongly preferred.
- CySEC Advanced Certificate is mandatory.
- University degree in Fina
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