Our client, a well established FX company based in Limassol are looking to hire a Chief Trading Risk Manager. The client is a regulated multi-asset online brokerage firm offering a wide range of Financial Instruments and Derivatives for trading.
The Chief Trading Risk Manager will be responsible for leading the Trading team, managing the company’s trading activities, optimizing risk, ensuring compliance with regulations, and driving the firm’s profitability through market analysis, strategy development, and execution of FX trades.
The role involves managing liquidity, overseeing market-making, and executing hedging strategies.
The Chief Dealer will liaise with other departments, such as the Compliance Department to ensure seamless trading operations.
Responsibilities:
- Compiling the Trading Risk Management Policy in collaboration with the company’s top management.
- Monitor operational and market risk.
- Recommending and setting of internal risk controls for day-to-day management of training activities.
- Defining and monitoring the company’s trading risk thresholds.
- Ensuring that any excess risk is effectively mitigated timely and effectively by hedging it externally if the company’s various liquidity providers.
- Systematically carrying out proactive monitoring of the clients’ trading activity, identifying potential risks posed to Company and mitigating those risks according to the companies Trading Risk Policy.
- Assessing and analyzing aggregate risk as well as identifying, describing and measuring the risks affecting the company.
- Continuously monitoring the company’s risk exposure and, where required, challenge decisions or proposed changes that will potentially increase such risk.
- Hiring and training the Trading Department team members and driving their ongoing professional development to ensure the effectiveness of the Trading Department team.
- Lead, mentor, and train the Trading Department team, ensuring high performance and adherence to the company’s trading policies.
- Allocate tasks and set objectives for the Trading Department team, ensuring efficient workflow and accuracy in trading operations.
- Preparing the weekly/monthly work schedules of the Trading Department and ensuring adequate coverage of the anticipated workload and operational requirements.
- Ensure that the Training Department team keeps up with daily market news and economic events.
- Developing tools and scripts to facilitate daily operations and reporting
- Ensuring that testing (QA) of new software releases, upgrades and applications as part of the trading system is carried out by the trading department team.
- Preparing periodic and ad hoc reports requested by the Management.
- Interpreting those reports and drawing meaningful conclusions and reporting them to the Management.
- Troubleshooting, investigating and solving trading system issues
- Assisting with regulatory reporting (Pillar III, ICARAP, Quarterly Submissions and other).
- Assist with trade reporting (EMIR, ASIC, MIFIR).
- Contribute to new product developments.
- Ensuring that the trading department team continuously monitor price feeds to ensure smooth pricing on the company’s trading platforms.
- Ensuring that the configuration of new trading groups on the company’s platforms are done in a timely manner when required.
- Ensuring that the team monitors the reception and transmission of clients’ orders where necessary, to ensure proper execution.
- Reviewing client trading activity to identify abusive trading and the violation of trading terms and conditions of the company’s promotional offerings.
- Identifying potential trends of such abusive behavior concentrated in particular markets or business introducers and alerting the management to search forming trends.
- Performing routine monitoring tasks to ensure system performance.
- Administer the calibration and operation of the liquidity aggregator software.
- Ensuring that the investigation of playing queries regarding the execution of their orders is carried out and responded to in a timely and accurate manner.
- Spearheading the organization and execution of Trading Department projects.
- Performing routine monitoring tasks to ascertain system performance and optimizing system parameters when needed.
- Ensure compliance with the relevant regulatory requirements.
- Maintain up-to-date knowledge of Forex market regulations and best practices.
Requirements:
- University / College graduate in Economics, Finance or Mathematics or equivalent experience in the industry
- 5+ years of experience as a Trading Risk Manager or Dealer in the Forex trading industry, with at least 3 years in a leadership or senior trading role.
- Proven track record in managing a trading desk that executed a high-volume of trades.
- Good and proven understanding of the financial and capital markets with emphasis on FX, Commodities, Equities and Futures
- Holder of CySEC Advanced Certificate
- Excellent knowledge of the regulatory regime for financial markets and investment firms.
- Proficiency in MT4 & MT5 Administrator and Manager tools
- Ability to work in a fast-paced environment
- Ability to work efficiently under pressure
- Excellent Mathematical skills
- Strong focus and attention to details
- Excellent verbal and written communication skills in English
- Excellent knowledge of MS Excel
- Proficiency with different trading platforms is an advantage
- Good organizational and interpersonal skills
- Good understanding of the programming, A.I. and Crypto space will be considered as an advantage.
What we offer:
- Participation in the generous property acquisition incentives program exclusively available to employees of our group of companies
- Competitive remuneration package and exciting performance-based monthly and annual bonus schemes
- Unique opportunities for career & personal growth in a fast-growing company
- Ongoing personal development and tutoring from industry leaders.
- Dynamic, fast-paced environment & professional support
- Continuous learning environment
- Free parking
- Snacks
- Day trips / Full day activities / events
- Internal short events
- Many more to come!
To apply:
Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of Chief Trading Risk Manager with reference number 2855.
Or you can apply directly through your candidate login by hitting the APPLY button.
