Assistant Risk Manager

Role: Assistant Risk Manager

Location: Limassol, Cyprus (hybrid)

Department: Risk Management

Reports to: Risk Manager

The Company
Colmex Pro Ltd is a regulated, growing financial company specializing in US stocks and the forex industry, centered in Limassol, Cyprus, and established in 2010, providing brokerage trading services on equities, CFDs, FX, and crypto.

At Colmex Pro, we believe our greatest strength is our people. That's why we don't hire for perfect, we hire for
real
. We're looking for individuals who bring genuine energy, fresh ideas, and a mindset that aligns with our values.

We're committed to aligning with our clients' interests, and we know that starts with the team we build. We carefully choose our associates and empower them with the authority, tools, and support they need to deliver exceptional work and lasting client satisfaction.

Bring your personality, your perspective, your potential.

Let's grow together.

The Role

We're looking for a hands-on Assistant Risk Manager 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 (ICARA, IFR/IFD, MiFID II, EMIR, PRIIPs, DORA) with project management discipline to turn policies into daily routines, dashboards, and clear decision-making.

You'll coordinate risk initiatives end-to-end (plans, owners, timelines), maintain risk metrics/limits, prepare management materials, and help close audit and regulatory actions.

Key Responsibilities

• 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).

• 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.

• 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.

• 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.

• 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).

Qualifications & Skills
Must-have

• 3–6 years in risk, or audit at a regulated financial firm (brokerage/CFDs/securities) with CySEC/ESMA exposure.
• 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).
• Demonstrable project management ability (plans, stakeholder follow-ups, on-time delivery).
• Strong Excel; able to structure data and sanity-check metrics.
• Clear written communication.

Nice-to-have

• Risk analytics/dashboards
• Experience with trading exposure, hedging basics, and limit frameworks.
• Audit liaison and remediation tracking experience.

What We Value

• Team Player: Approachable, fair and handles every matter with discretion and respect. A collaborator who chases actions respectfully and escalates when needed.
• Ownership: Takes initiatives, follow through and make things happen. Proactive, structured, and reliable.
• Business-minded: balances regulatory discipline with operational practicality.

What We Offer

• Competitive salary package, based on experience and qualifications.
• 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.

Working Hours: Monday to Friday, flexible 8 hours between 08:00 – 18:00

We Are Hiring — Not for Perfect. For Real.
*Colmex Pro is an Equal Opportunity Employer committed to promoting equality and diversity.

We appreciate the interest of all applicants.
Your application will be treated with complete confidentiality.

Due to the high volume of applications, only applicants selected for an interview will be contacted by our Human Resources department.*