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…