Risk Manager

CMC Markets is a leading global provider of online trading and investment services, with an established international presence and a strong reputation for financial innovation, technology and market expertise.

As part of our continued European expansion, we are seeking an experienced Risk Manager to play a pivotal role in establishing, developing and overseeing the risk management function of CMC Markets Cyprus.

This is a senior opportunity combining strategic risk oversight, regulatory responsibilities and hands-on risk management within a CySEC-regulated investment firm.

The successful candidate will be responsible for developing and maintaining a comprehensive risk management framework, monitoring the firm's financial and non-financial risk exposures, and ensuring alignment with applicable CySEC and European regulatory requirements.

Key Responsibilities

• Lead the development, implementation and ongoing maintenance of the risk management framework for CMC Markets Cyprus.
• Establish risk management policies, procedures, controls and reporting structures aligned with the firm's business model, risk appetite, Group Risk standards and regulatory requirements.
• Identify, assess, monitor and report material financial and non-financial risks; maintain risk appetite metrics, limits and key risk indicators.
• Conduct risk assessments, recommend mitigation measures and provide independent oversight and challenge.
• Support risk governance and reporting to senior management and the Board.
• Monitor market, credit, liquidity, counterparty and client trading risks, including exposures arising from products, trading activities, execution and hedging arrangements.
• Develop stress-testing and scenario-analysis methodologies; monitor and escalate material exposures, limit breaches and exceptional market events.
• Work with Trading, Dealing and Treasury to identify emerging risks and recommend mitigation measures.
• Ensure alignment with CySEC requirements and the European regulatory framework, including IFR/IFD; monitor regulatory developments.
• Support prudential risk assessments, capital adequacy, liquidity and reporting, including the ICARA process where applicable.
• Prepare risk reports and regulatory submissions; support inspections, audits and regulatory information requests.
• Identify and monitor operational, ICT, cybersecurity, business continuity and third-party risks, including DORA-related risks where relevant.
• Ensure material operational and ICT risks are documented, escalated and monitored through remediation.
• Present risk reports to senior management and governance bodies; support Board and management decisions through independent analysis and recommendations.
• Establish and develop the risk management function, coordinating with Group Risk and relevant control functions.
• Assess risks from new products, services, business initiatives and changes to the firm's operating model.
• Promote a strong risk-aware culture and improve risk monitoring, reporting and controls.
• Develop a scalable risk management framework capable of accommodating future business growth.

Essential Qualifications

• Minimum 7 years of relevant experience in risk management, including experience leading risk functions, within a CySEC-regulated financial services environment.
• Previous experience within the CFD, FX brokerage or investment services industry is strongly preferred.
• CySEC Advanced Certificate is mandatory.
• University degree in Finance, Economics, Mathematics, Risk Management or another relevant discipline.
• Strong understanding of CySEC regulatory requirements, MiFID II and the applicable European prudential framework, including IFR/IFD.
• In-depth knowledge of financial risk management, particularly market, credit, liquidity, counterparty and operational risks.
• Strong knowledge of OTC financial products, especially CFDs and margin FX.
• Solid understanding of trading risk, leverage, margin requirements, exposure management, hedging arrangements and liquidity risk.
• Demonstrated experience implementing and maintaining risk management frameworks, policies and internal controls.
• Experience preparing risk assessments, management reports and regulatory documentation.
• Excellent command of English, both written and spoken.

Preferred Experience

• Previous experience as a Risk Manager, Head of Risk or senior risk officer within a CySEC-regulated investment firm.
• Experience establishing or developing risk management functions within newly regulated entities.
• Familiarity with transferable securities, cash equities and/or crypto-assets.
• Experience with financial risk modelling, stress testing, scenario analysis and prudential risk assessment.
• Knowledge of ICT risk, operational resilience, outsourcing risk and relevant European regulatory requirements.
• Experience with trading platforms, risk monitoring systems, reporting tools and exposure management technologies.
• Exposure to multi-jurisdictional financial services operations and international Group structures.
• Experience supporting regulatory applications, organisational changes and strategic business projects.
• An MSc or relevant professional risk management qualification would be an advantage.

This opportunity offers the chance to take a leading role in a strategically important European project within an established global financial services group.

You will have the opportunity to shape the risk management framework of our Cyprus business from its early stages, work closely with international senior management and contribute directly to CMC Markets' continued expansion.

CMC Markets is an equal opportunities employer. We welcome applications from suitably qualified candidates regardless of gender, sexual orientation, marital or civil partnership status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.