Exchange Risk Control Manager

Klickl Limited; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial company based in Dubai is seeking a seasoned professional in financial market risk management. The role entails monitoring market data, managing counterparty risks, and developing risk models. Candidates should possess strong quantitative skills, relevant certifications, and a profound understanding of financial instruments. This position offers a competitive salary and opportunities for professional growth.

Qualifications

• 5+ years in financial market risk management.
• Experience with exchange operations and trading systems.
• Certifications like FRM, CFA, PRM desired.

Responsibilities

• Monitor market data for abnormal trading behaviors.
• Administer market stability mechanisms and manage risks.
• Analyze market events and develop contingency plans.

Skills

Data Analysis

Quantitative Skills

Risk Management Techniques

Financial Market Expertise

Education

Bachelor's degree or higher in Financial Engineering, Finance, Economics, Mathematics, or related field

Master's degree preferred

Tools

Python

SQL

R

Excel

Tableau

Power BI

Job description

Any Graduation, Chartered Financial Analyst(Finance)

Nationality

Any Nationality

Vacancy

1 Vacancy

Job Description

Key Responsibilities

- Monitor real-time market data (e.g., prices, trading volume, open interest, volatility) to detect abnormal trading behaviors (e.g., market manipulation, insider trading, algorithmic trading failures) and systemic risks.

- Design, implement, and optimize market risk surveillance models and alert thresholds (e.g., price deviation, liquidity metrics, volatility cones, stress test scenarios).

- Administer market stability mechanisms, including circuit breakers, price limits, position limits, and large position reporting.

- Analyze extreme market events (e.g., flash crashes, liquidity droughts) and develop contingency plans.

2. Clearing & Counterparty Risk Management:

- Monitor clearing members' and clients' margin levels, position risks, and funding conditions to ensure compliance with exchange requirements.

- Assess and manage counterparty credit risks (default risks) under the central counterparty (CCP) clearing framework.

- Participate in or lead the evaluation, optimization, and stress testing of clearing margin models (e.g., SPAN/TIMS).

- Oversee daily margin calls and the execution of default management procedures.

3. Operational & Technology Risk Mitigation:

- Identify and evaluate operational risks related to trading, clearing, and data systems (e.g., system failures, cyberattacks, data inaccuracies).

- Participate in risk assessments for core system upgrades (e.g., trading/clearing engines, market data feeds) and post-deployment monitoring.

- Develop and test business continuity plans (BCP) and disaster recovery plans (DRP).

- Monitor the stability and compliance of member connectivity systems.

Job Requirements

1. Educational Background:

- Bachelor's degree or higher in Financial Engineering, Finance, Economics, Mathematics, Statistics, Computer Science, Risk Management, or a related field. A master's degree is preferred.

2. Work Experience:

- 5+ years of experience in financial market risk management, including at least 2-3 years in market risk, clearing risk, or trading system monitoring at exchanges, clearinghouses, risk control departments of top-tier brokerages/futures firms, large quantitative funds, or financial regulatory agencies. Must be familiar with exchange operations, trading rules, clearing processes, and core system architecture. Experience in central counterparty (CCP) risk management, algorithmic trading surveillance, or stress testing modeling is a plus.

3. Professional Knowledge & Skills:

- Financial Market Expertise:

Deep understanding of financial instruments (e.g., equities, futures, options, derivatives) and their pricing/risk characteristics. Risk Management Techniques: Proficient in market risk measurement (VaR, ES), margin calculation principles (SPAN/TIMS), stress testing, scenario analysis, and counterparty credit risk assessment (EAD, PFE, CVA).

- Strong Data Analysis & Quantitative Skills:

Advanced Excel skills; proficiency in at least one programming language for data analysis (Python or R strongly preferred). Proficient in SQL for data querying and processing. Data visualization skills (Tableau, Power BI, etc. are a plus). Experience in risk model development or validation is preferred.

5. Preferred Qualifications:

- FRM, CFA, PRM, or similar certifications are highly desirable.

- Strong English reading and writing skills.

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