Our client a Global Forex and CFD Broker is looking to hire a Junior Financial Risk Officer to join their team based in Limassol.
The Junior Risk Officer will be responsible for assisting with managing the financial risk exposure, hedging and margining activities of the company.
Responsibilities:
- Keep up with and regularly communicate current markets trends, including movements in the market, to the Risk Team
- Assist the Chief Financial Risk Officer with maintaining oversight of market views and perceptions through research, valuation and data analysis.
- Monitor and communicate price movements to the Risk Team and take appropriate actions under the oversight of the Chief Financial Risk Officer.
- Assist the Chief Financial Risk Officer with the following trading related activities:
- Determining the hedging criteria and ensuring that trades are hedged in accordance with internal policies, procedures and controls.
- Classifying clients as “Automatically Hedged Clients” or “Manually Hedged Clients” and ensure that clients are correctly configured in accordance with their classification.
- Monitoring and maintaining the requisite margin requirements held with Approved Counterparties.
- Ensuring that margining and the close outs of client positions is occurring in accordance with internal policies, procedures and controls and that client margin levels are being maintained.
- Monitoring the leverage offered to clients to ensure the procedures and controls set out in internal policies are being adhered to.
- Undertaking trading activities as required in accordance with relevant internal policies, procedures and controls.
- Liaise with and foster good relationships with counterparties as a secondary point of contact.
- Ensure that all material risk matters are reported to the Chief Financial Risk Officer in a timely and accurate manner.
- Report deficiencies or weaknesses in the risk processes to the Chief Financial Risk Officer and work with the Chief Financial Risk Officer to remediate deficiencies or weaknesses.
- Provide the Chief Financial Risk Officer with all risk information and documentation necessary for the Financial Risk Report to the Chief Executive Officer.
- Provide reports to the Chief Financial Risk Officer and Chief Executive Officer on trading activities undertaken as and when required.
- Manage and retain documentation that is the responsibility of the Financial Risk Officer in accordance with internal policies, procedures and controls.
- Monitor client accounts, transactions and behaviours for activity that may be indicative of money laundering and terrorism financing in accordance with internal policies, procedures and controls.
- Foster positive internal relationships and promote and support a culture of compliance.
- Foster and support an internal focus on good client outcomes.
- Promote and support the positive brand and reputation of the company.
- Discharge the responsibilities allocated to the Financial Risk Officer from time to time in accordance with internal policies and documents.
- Support the Chief Financial Risk Officer with the implementation of internal policies, procedures and controls and general trading activities.
- Support the Chief Financial Risk Offer, Risk Team, and Management Team as and when required.
Requirements:
- A university degree or equivalent in business, commerce, finance, economics or such other relevant subject. MBA in Finance is preferred.
- 0-1 years in a role managing financial risk exposure, preferably in a financial services brokerage or similar business.
- 1+ years in the derivatives issuer industry is preferable.
- Practical knowledge of, and interest in, derivative issuers, the derivatives issuer industry and derivative related products and services.
- Knowledge of the Metaquotes software and SQL is preferred.
- Strong knowledge of financial risk analysis and managing exposure, including proficiency in using financial risk analysis and exposure management software.
- Proficient in using MetaTrader4 and MetaTraer5 or equivalent trading platform software.
- Practical knowledge of or interest in foreign exchange, derivatives trading, investing, or the financial markets.
- Strong communication and presentation skills.
- Strong interpersonal skills.
- Good working knowledge of the Microsoft Office suite of software products.
- An ability to work collaboratively with others in a team environment.
- Organised with an ability to deliver results.
- Ability to handle multiple tasks and stay organised.
- High attention to detail.
- Good critical thinking, analytical and problem-solving skills.
- Good understanding of the operational aspects of account and transaction monitoring.
- Basic understanding of financial markets law, including but not limited to, Financial Markets Conduct Act (and related regulations), and the Anti-Money Laundering and Countering Financing of Terrorism Act (and related regulations and materials).
- Fluent in English
To apply:
Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of Junior Risk Officer with reference number 3757.
Or you can apply directly through your candidate login by hitting the APPLY button.
