Head of Risk

3 days ago

Limassol, Limassol, Cyprus Boston Link Full time

Role Overview

On behalf of our client, a prop trading growing firm, we are looking for a Head of Risk to lead the creation and rollout of an enterprise-wide risk governance system, covering all aspects of trading and finance activities.

This role involves directing oversight of market, liquidity, operational, and credit risks to align with overall business goals, compliance obligations, and effective capital utilization. It is essential for maintaining financial resilience and enabling long-term expansion via forward-thinking risk detection, evaluation, and mitigation.

If you wish to be a part of a seriously growing company with clear vision and solid strategy this role might be for you.

Core Duties

Risk Strategy and Oversight

  • Craft and sustain a robust risk infrastructure for all trading and finance functions.
  • Establish risk tolerance levels in line with corporate priorities and legal mandates.
  • Deliver ongoing risk updates and analyses to top executives and board members, highlighting potential threats and proposing countermeasures.
  • Guide the risk department while upholding strong governance, monitoring, and reporting protocols

Trading and Market Risk management

  • Supervise tracking of positions, margins, and risk exposures in trading environments.
  • Set up limits, conduct stress tests, and run scenario evaluations for diverse market scenarios.
  • Work alongside IT and trading units to improve analytical systems, automated processes, and visualization tools.
  • Evaluate emerging products and trade approaches for compliance with established risk thresholds.

Credit, Counterparty, and Liquidity Management

  • Handling exposures to partners and funding sources, prioritizing liquidity stability and capital sufficiency.
  • Track credit ceilings, counterparty vulnerabilities, and portfolio risks, with prompt alerts for any violations.
  • Advise on partnerships with liquidity sources and derivative strategies.

Operational and Compliance Risk Management

  • Guarantee compliance with relevant regulations and internal policies.
  • Perform risk reviews for innovative projects, tech implementations, and product developments.
  • Facilitate audits from inside and outside, driving resolution of identified issues.
  • Team Development and Risk MindsetAssemble and coach a skilled risk team focused on data-driven and technical expertise.
  • Promote an environment where risk considerations are embedded in daily operations and business decisions.
  • Collaborate with finance, tech, and compliance groups to integrate risk protocols into routine practices.

Essential Qualifications and experience

  • Advanced degree (Bachelor's or Master's) in Finance, Economics, Risk Management, or related field.
  • At least 5 years in leadership positions managing risks in trading, markets, or investment sectors.
  • Demonstrated proficiency in handling market, liquidity, and operational risks.
  • Hands-on experience with proprietary fund exposures and book management.
  • Strong Track record of building risk systems and controls in complex, multi-unit structures.
  • Deep knowledge of leverage mechanics, exposure calculations, and margin frameworks.
  • Outstanding abilities in leadership, problem-solving, and interpersonal communication.
  • Desirable TraitsFamiliarity with tools for risk automation and visualization (such as Power BI or Tableau).
  • Forward-thinking approach that harmonizes caution with business flexibility.

Benefits on offer

  • Very attractive remuneration including quarterly performance bonus
  • Immediate Group Medical Insurance
  • Monthly food allowance
  • Collaborative and supportive management with clear vision
  • Flexible working environment and hybrid working model

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