Head of Risk

Skills

About the Role

You will own and improve the local risk management framework for a regulated entity. You will oversee financial and non-financial risk, monitor exposures and liquidity, lead stress testing, maintain ICARA and prudential reporting, and manage operational resilience, incident escalation, and third-party risk.

Requirements

• Be currently based in Cyprus and able to work from the Limassol office
• Have approximately 8 to 10 years of risk-management experience in a regulated broker, investment firm, exchange, or clearing member
• Have several years of experience leading a risk function or major risk domain
• Demonstrate ownership of an enterprise risk framework and risk self-assessment
• Have financial and non-financial risk experience within an exchange or broker firm in capital markets or crypto
• Have expert knowledge of crypto, stocks, ETFs, derivatives, commodities, clearing, and settlement
• Know the CIF prudential framework, IFD/IFR, ICARA, K-factor requirements, and CySEC prudential reporting including FinRep and Corep
• Be familiar with relevant CIF laws, CySEC circulars and directives, MiFID, DORA, MiFIR, and EMIR
• Be able to interrogate margin models, stress scenarios, and exposure data

Responsibilities

• Own and continuously improve the risk management framework, including risk taxonomy, appetite, tolerances, registers, policies, RCSA methodology, and the three-lines-of-defence model
• Maintain the risk appetite framework across credit, market, solvency, liquidity, operational, reputational, strategic, and technology risk
• Produce risk reporting for the Board and Risk Committee
• Support the Board's annual framework-effectiveness assessment and respond to Internal Audit and CySEC findings
• Monitor counterparty and credit exposures, limits, concentration, and collateral
• Review margin methodologies, define stress tests and tolerance levels, and challenge assumptions and back-test outcomes
• Manage inventory, hedging, settlement mismatches, FX, and corporate-action exposure within limits
• Oversee settlement liquidity, cash funding, liquidity stress testing, and the contingency funding plan
• Own ICARA, own-funds and K-factor monitoring, capital and liquidity adequacy, wind-down analysis, and prudential reporting
• Run firm-wide and reverse stress tests and define management actions
• Conduct third-party criticality assessments, due diligence, concentration analysis, exit strategies, and maintain the register of arrangements
• Own business-impact-analysis methodology and cycles, including criticality, MTO, RTO/RPO, and dependencies
• Manage incident classification, escalation, assessment, and post-incident remediation
• Define important business services, impact tolerances, and resource mapping; run scenario and tabletop testing under DORA