Chief Trading Risk Manager (VAC-A2937)

Job description

Our client is a well-established FX company and they are currently looking to recruit an experienced Chief Trading Risk Manager to lead its trading operations at their offices in Dubai. The company is a regulated, multi-asset online brokerage offering a wide range of financial instruments and derivatives for trading. This senior role is pivotal in managing the company’s trading activities, optimizing risk management, ensuring compliance with regulatory requirements, and driving profitability through strategic market analysis and execution of FX trades. 

Job Duties

• Lead and manage the trading team, overseeing all aspects of the company’s trading operations.
  
  Develop and implement the company’s Trading Risk Management Policy in collaboration with senior management.
  
  Monitor market and operational risks, setting internal controls for day-to-day trading activities.
  
  Define and manage trading risk thresholds, mitigating excess risk through external hedging with liquidity providers.
  
  Proactively monitor client trading activity, identifying and mitigating potential risks in accordance with company policies.
  
  Analyze aggregate risk, identify potential threats to the company, and take preventative measures.
  
  Continuously monitor risk exposure and challenge decisions that could increase risk, ensuring company safeguards are in place.
  
  Hire, train, and mentor trading department staff, driving their professional development and ensuring high standards.
  
  Allocate tasks, set objectives, and manage workflow to ensure efficiency and accuracy in trading operations.
  
  Oversee the preparation of work schedules, ensuring adequate staffing to meet operational demands.
  
  Ensure that the team remains up to date with market news, economic events, and relevant trading developments.
  
  Develop tools and scripts to enhance operational efficiency and reporting.
  
  Actively contribute to the QA testing of new software releases, upgrades, and applications within the trading system.
  
  Prepare and interpret periodic and ad-hoc reports for management, providing insights and actionable recommendations.
  
  Troubleshoot and resolve issues within trading systems to ensure smooth operation.
  
  Assist with regulatory and trade reporting (e.g., Pillar III, ICARAP, EMIR, ASIC, MIFIR).
  
  Contribute to the development of new products and ensure timely configuration of new trading groups on company platforms.
  
  Ensure seamless transmission and execution of client orders, monitoring for any potential abusive trading activity.
  
  Administer the liquidity aggregator software and optimize system parameters for peak performance.
  
  Spearhead projects within the Trading Department, ensuring timely execution and alignment with company goals.
  
  Maintain compliance with relevant regulations and stay abreast of evolving Forex market standards and best practices. Key Responsibilities:
  
  Lead and manage the trading team, overseeing all aspects of the company’s trading operations.
  
  Develop and implement the company’s Trading Risk Management Policy in collaboration with senior management.
  
  Monitor market and operational risks, setting internal controls for day-to-day trading activities.
  
  Define and manage trading risk thresholds, mitigating excess risk through external hedging with liquidity providers.
  
  Proactively monitor client trading activity, identifying and mitigating potential risks in accordance with company policies.
  
  Analyze aggregate risk, identify potential threats to the company, and take preventative measures.
  
  Continuously monitor risk exposure and challenge decisions that could increase risk, ensuring company safeguards are in place.
  
  Hire, train, and mentor trading department staff, driving their professional development and ensuring high standards.
  
  Allocate tasks, set objectives, and manage workflow to ensure efficiency and accuracy in trading operations.
  
  Oversee the preparation of work schedules, ensuring adequate staffing to meet operational demands.
  
  Ensure that the team remains up to date with market news, economic events, and relevant trading developments.
  
  Develop tools and scripts to enhance operational efficiency and reporting.
  
  Actively contribute to the QA testing of new software releases, upgrades, and applications within the trading system.
  
  Prepare and interpret periodic and ad-hoc reports for management, providing insights and actionable recommendations.
  
  Troubleshoot and resolve issues within trading systems to ensure smooth operation.
  
  Assist with regulatory and trade reporting (e.g., Pillar III, ICARAP, EMIR, ASIC, MIFIR).
  
  Contribute to the development of new products and ensure timely configuration of new trading groups on company platforms.
  
  Ensure seamless transmission and execution of client orders, monitoring for any potential abusive trading activity.
  
  Administer the liquidity aggregator software and optimize system parameters for peak performance.
  
  Spearhead projects within the Trading Department, ensuring timely execution and alignment with company goals.
  
  Maintain compliance with relevant regulations and stay abreast of evolving Forex market standards and best practices.
  
  
  

Job Requirements

Bachelor’s degree in Economics, Finance, Mathematics, or related field; or equivalent experience in the trading industry.

At least 10+ years of experience as a Trading Risk Manager or Dealer in the Forex industry, including a minimum of 5 years in a senior or leadership role.

Proven track record managing a high-volume trading desk, with expertise in FX, commodities, equities, and futures.

Strong understanding of financial markets, risk management, and regulatory frameworks.

Highly considered if holder of the CySEC Advanced Certificate or equivalent certification.

Proficiency in MT5 Administrator and Manager tools, with strong knowledge of MS Excel.

Highly considered proficiency in Centroid, FXCubic, Maje, PimeXM Xcore or similar tools.

Ability to thrive in a fast-paced environment and under pressure, with excellent attention to detail and strong mathematical skills.

Strong organizational and communication skills, with fluency in English.

Familiarity with various trading platforms and knowledge of programming, A.I., Quant trading, arbitrage and cryptocurrency is a plus.

This is an exceptional opportunity for an experienced trading professional looking to lead a high-performing team in a dynamic and fast-paced market.

TO APPLY for this job opportunity, send your CV (in English please) and include the reference: Chief Trading Risk Manager - VAC-A2937. We look forward to hearing from you!

Job Benefits

The compensation package consists of a salary of +-9,500 Euros monthly plus performance based bonuses.

A Return ticket to home country for candidates who have been with the company for at least one year.

Medical insurance

Visa and residency sponsorship

Other perks may be offered if and when the candidate has proven to be exceptional for the position.

Opportunities for career advancement and personal growth within a fast-growing company.

Continuous professional development and mentorship from industry leaders.

A dynamic, fast-paced work environment with robust professional support.

Ongoing learning and development opportunities.

Working hours:

Standard working hours Monday to Friday from 9:00am to 6:00pm