Credit Risk Officer

GRS Recruitment is excited to announce the ideal opportunity to a dynamic Forex Trading company based in Limassol. Our client is looking to recruit a hands-on 'Senior Risk Officer' to support the Head of Risk in building and running a robust, practical risk framework across the firm. The ideal candidate combines strong knowledge of EU/CySEC/ESMA requirements with project management discipline to turn policies into daily routines, dashboards, and clear decision-making. You'll coordinate risk initiatives, prepare management materials, and help close audit and regulatory actions. If this is a position for you then apply today by sharing an up-to-date CV to

DUTIES AND RESPONSIBILITIES

Market & Liquidity Risk Operations

• Assist with exposure/limits monitoring, exception logs, and escalations.
• Review regular the risk metrics (VaR/CVaR/vol metrics if applicable). Implement stress/scenario packs, and concise commentary for management.

Regulatory & Framework

• Maintain the Risk Management Policy, Trading Book & Hedging Policy, and supporting procedures.
• Support annual ICARA cycle (capital/liquidity assessments, stress testing, wind-down overlays, documentation).
• Coordinate DORA implementation tasks (ICT risk register, incident logging, third-party/outsourcing controls).

Operational & Counterparty Risk

• Maintain incident register (root cause, actions, closure evidence); drive follow-ups with owners and deadlines.
• Run third-party risk assessments (banks, LPs, brokers, critical vendors), including due-diligence files and exit plans; maintain outsourcing register.

Reporting & Governance

• Prepare packs for Risk Committee and Board (key risks, breaches, KRI trends, audit/regulatory updates).
• Keep evidence repositories tidy (workpapers, version control, sign-offs).

Project Management

• Own trackers for risk projects (policy updates, audits, remediation, systems), chase actions, clear blockers, and report status.
• Coordinate cross-department deliverables (Dealing, Compliance, Finance, IT) with clear ETAs and escalation paths.

CANDIDATE PROFILE

• A minimum of 3years in risk, or audit at a regulated financial firm with CySEC/ESMA exposure.
• Demonstrable project management ability (plans, stakeholder follow-ups, on-time delivery).
• Working knowledge of ICARA (IFR/IFD), MiFID II, EMIR, and awareness of DORA.
• Strong fundamentals in finance and equities; accounting (P&L, balance sheet, cash flow) basics; probability & statistics; time-series basics; market microstructure; and derivatives (margin, basic Greeks).
• Strong Excel; able to structure data and sanity-check metrics.
• Clear written communication and Excellent communication skills
• Experience with trading exposure, hedging basics, and limit frameworks.
• Audit liaison and remediation tracking experience.
• Proactive, business minded and a team-player contributions

COMPANY BENEFITS

• Competitive salary package, based on experience and qualifications.
• Hybrid position and Working Hours: Monday to Friday, flexible 8 hours between 08:00 – 18:00
• Private medical insurance from day one.
• Opportunities for professional learning and growth (Inhouse and External Trainings).
• Sports Activities.
• Coverage of 50% of the commuting expenses (for employees living outside of Limassol).
• Team events and company-sponsored corporate activities.
• Team bonding and corporate Events.
• Be part of a dynamic and creative team with a positive and friendly atmosphere.

Due to the high volume of applications, we receive at GRS Recruitment, only shortlisted candidates will be responded to.

To apply for this position, please email your CV to
Alex Evangelides,
quoting the above job reference or call for further information.