Head of Risk

Sage Consulting Group; Dubai; On-site; AED 600,000 - 900,000; Full time

Job summary

Sage Consulting Group is seeking a Head of Risk for our client, a global FX brokerage in Dubai.

The role focuses on developing and governing an enterprise risk management framework across FX CFDs and commodities, overseeing market, liquidity, credit and operational risk in a fast-paced trading environment.

Qualifications

• 10+ years of progressive risk management experience in FX/commodities brokerage.
• Leadership roles in risk management within FX brokerage or multi-asset firms.
• Deep understanding of leveraged trading products (FX, CFDs, commodities, indices).
• Knowledge of A-Book, B-Book and hybrid brokerage execution models.

Responsibilities

• Develop and implement enterprise risk management strategy across FX CFDs commodities and other leveraged trading products.
• Monitor real-time market exposure, client positions, VaR and overall trading risk within approved limits.
• Establish risk limits exposure thresholds margin policies and leverage controls.
• Oversee market liquidity credit operational and counterparty risk across the brokerage business.
• Develop hedging strategies and monitor hedge effectiveness to minimize market exposure.
• Lead dealing desk risk management activities and guide execution models (A‑Book/B‑Book/hybrid).
• Analyze client trading behavior profitability concentration risk and abnormal patterns.
• Collaborate with compliance to ensure regulatory requirements and risk governance.
• Lead stress testing scenario analysis and risk simulations for resilience.
• Create risk dashboards and KRIs for senior leadership.
• Review new products for potential risk implications before launch.
• Collaborate with technology to enhance risk monitoring systems and alerts.
• Lead investigations into significant trading events and losses with corrective actions.
• Build and mentor a high-performing risk management team.

Skills

Risk management

Leadership

Regulatory compliance

Trading risk monitoring

Data analysis

Education

Bachelor's degree in Finance

Tools

MT4

MT5

cTrader

Job description

Overview

Our client is a global FX brokerage that is looking to expand their team in Dubai.

They are seeking a cautious and seasoned Head of Risk with a strong background in the FX CFDs and/or commodities brokerage. This role you will work closely with executive leadership dealing trading finance compliance technology and operations teams to develop and oversee the firm's enterprise risk management framework. The ideal candidate should possess extensive experience managing market liquidity credit and operational risks within a brokerage environment and a deep understanding of trading operations client risk exposure and brokerage profitability.

Strong professional working fluency in English is REQUIRED.

Key Responsibilities

• Develop and implement the company's enterprise risk management strategy across FX CFDs commodities and other leveraged trading products.
• Monitor real-time market exposure, client positions, net open positions, Value at Risk (VaR) and overall trading risk to ensure exposure remains within approved limits.
• Establish and continuously review risk limits, exposure thresholds, margin policies, leverage controls and stop‑out mechanisms.
• Oversee market risk, liquidity risk, credit risk, operational risk and counterparty risk across the brokerage business.
• Develop hedging strategies and monitor hedge effectiveness to minimize market exposure while optimizing profitability.
• Supervise dealing desk risk management activities and provide guidance on managing A‑Book B‑Book or hybrid execution models.
• Analyze client trading behavior, profitability concentration risk and abnormal trading patterns to identify potential financial or operational risks.
• Work closely with compliance teams to ensure adherence to regulatory requirements and internal risk governance policies.
• Lead stress testing scenario analysis and risk simulations to assess the firm's resilience under volatile market conditions.
• Develop and maintain risk dashboards, exposure reports, management reports and key risk indicators (KRIs) for senior leadership.
• Review new products, trading instruments and business initiatives to assess potential risk implications before implementation.
• Collaborate with technology teams to enhance risk monitoring systems, automated alerts and trading surveillance capabilities.
• Lead investigations into significant trading events, market incidents and operational losses while implementing corrective actions.
• Build and mentor a high‑performing risk management team while fostering a strong risk‑aware culture throughout the organization.

Requirements

• At least 10 years of progressive risk management experience in the FX CFDs, commodities and/or online brokerage industry.
• Previous leadership roles in a risk management function within an FX brokerage, multi‑asset brokerage, proprietary trading firm or FSO.
• Deep understanding of leveraged trading products including foreign exchange, CFDs, commodities, indices, precious metals and related financial instruments.
• Extensive knowledge of A‑Book, B‑Book and hybrid brokerage execution models including client exposure management and hedging strategies.
• Strong understanding of market risk, liquidity risk, credit risk, operational risk and counterparty risk management principles.
• Experience monitoring trading exposure, margin utilization, leverage controls, Value at Risk (VaR), stress testing and scenario analysis.
• Familiarity with liquidity providers, prime brokers, bridge technology, trading platforms and order execution processes.
• Experience working with trading platforms such as MT4, MT5, cTrader or similar brokerage systems.
• Ability to perform effectively in a fast‑paced real‑time trading environment where rapid decision‑making is essential.
• Strong professional working fluency in English is REQUIRED.
• Bachelor's degree in Finance or other related fields is preferred.

If you are qualified and interested we kindly invite you to apply! In the meantime please consider following our company page for more updates and relevant job opportunities.