Exchange Risk Control Manager | Dubai, UAE

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

Job summary

A leading company in Dubai is seeking a Market Risk Manager to monitor and analyze real-time market data, manage clearing & counterparty risks, and ensure compliance with regulatory standards. The ideal candidate will possess advanced skills in risk management techniques and a strong background in financial markets. This role demands a high level of analytical and decision-making abilities to navigate complex scenarios effectively.

Qualifications

• 5+ years of experience in financial market risk management.
• Experience in market risk, clearing risk, or trading system monitoring.
• Proficient in market risk measurement and current financial regulations.

Responsibilities

• Monitor market data and detect trading inconsistencies.
• Oversee risk management practices and compliance with regulations.
• Develop and implement risk surveillance models.

Skills

Financial Market Expertise

Risk Management Techniques

Data Analysis & Quantitative Skills

Regulatory Compliance

Education

Bachelor's degree in Financial Engineering, Finance, or related

Master's degree preferred

Tools

Excel

Python

R

SQL

Tableau

Power BI

Job description

- 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.

- Contribute to member onboarding and ongoing risk assessments, including reviews of their risk control frameworks.

- Monitor concentration risks, abnormal trading activities, and compliance among members' clients.

- Conduct preliminary analyses of risk incident reports and investigations involving members or clients.

5. Compliance & Regulatory Reporting:

- Ensure exchange risk management practices comply with regulatory requirements (e.g., CSRC, CFTC/SEC, SFC).

- Prepare and submit periodic risk reports, ad-hoc incident disclosures, and responses to regulatory inquiries.

- Track updates to global financial regulations (particularly on market/clearing risks and system resilience) and assess their impact on exchange operations.

- Continuously refine the exchange’s risk policies, procedures, and emergency protocols.

- Drive automation and AI-powered upgrades to risk systems to improve monitoring efficiency and accuracy.

- Conduct quantitative risk analysis, back-testing, and model validation.

- Collaborate with trading, clearing, technology, legal, and compliance teams to embed risk controls into business processes.

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.

- Exchange Systems & Technology:

Knowledge of trading systems (e.g., order-matching engines), clearing systems, and market data distribution mechanisms, with an awareness of risks in low-latency, high-concurrency systems.

- Regulatory Compliance:

Familiarity with relevant regulations (e.g., *Futures and Derivatives Law*, exchange rules, PFMI, EMIR, MiFID II, digital asset regulations).

4. Core Competencies:

- Risk Sensitivity & Quick Response: Ability to swiftly identify risk signals and make preliminary judgments under pressure.

- Analytical, Problem-Solving & Decision-Making Skills: Capable of handling complex, ambiguous risk scenarios and proposing effective solutions.

- Attention to Detail & Responsibility: Highly data-sensitive, meticulous, and accountable for market safety.

- Communication & Coordination: Ability to clearly and professionally communicate risk matters with internal teams (e.g., technology, business) and external stakeholders (e.g., members, regulators).

- Resilience & Adaptability: Willingness to handle events (may involve shifts or on-call duty).

- Continuous Learning: Keeps abreast of financial innovations (e.g., new derivatives, DeFi, crypto assets) and risk management advancements.

5. Preferred Qualifications:

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

- Strong English reading and writing skills.

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