Head of Risk Management

Exness; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading financial services company in Dubai is seeking a Head of Risk Management. The role involves managing risk for the organization and developing regulatory guidelines. Ideal candidates will have over 5 years in the CFD/FX industry, excellent analytical skills, and be fluent in English. Competitive compensation, health insurance, and extensive learning opportunities are offered.

Benefits

Competitive and attractive compensation

Extensive learning opportunities

Health and life insurance

Generous time off

Education allowance

Sports reimbursement

Team-building experiences

Qualifications

• Minimum of 5 years' working experience in the CFD / FX industry or a relevant field.
• CISI exams are compulsory (1. UAE Financial Rules and Regulations and 2. Risk in Financial Services).
• Fluent in English, Arabic is a plus.

Responsibilities

• Set up and maintain the local Risk Management Department.
• Develop the Risk Management guide in line with local regulatory requirements.
• Ensure timely reporting of risk incidents.

Skills

Numerical skills

Analytical skills

Communication skills

Interpersonal skills

Ability to work under pressure

Interest in financial markets

Education

University degree in Risk Management or related field

Job description

Overview

You will be the Head of Risk Management for Exness MENA, a local UAE entity licensed by the UAE Securities and Commodities Authority (SCA) as a Trading Broker of OTC Derivatives and Currencies in the Spot Market. This role includes managing Exness MENA risk management outsourcing arrangements with the Exness Group. You will specify and evaluate potential risks for Exness MENA, decide on handling them, observe and report on them, work to avoid them, and review and update the risk management guide according to the financial activity, purposes, and risks of Exness MENA. You will report to the Exness MENA CEO and the Board of Directors.

Responsibilities

• Set up and maintain the local Risk Management Department in line with the group’s strategic objectives and liaise with group functions and companies to achieve them.
• Develop the Risk Management guide in line with local regulatory requirements, present it to the Board of Directors, and update it from time to time as required.
• Register with SCA and act as the main point of contact with them in relation to Risk Management matters.
• Maintain accreditation with the SCA as Head of Risk Management by fulfilling all duties imposed by the local regulation including, but not limited to, attending trainings required for the Continuous Professional Development (CPD).
• Work closely with the Operations Manager to ensure that all required reports are filed with the competent authorities in a timely manner.
• Ensure that the daily risk management operations of the company run smoothly and in accordance with the relevant laws and directives.
• Liaise with the local CEO, Board of Directors, Operations Manager and Head of Compliance to prevent, mitigate, manage, address and report the following risks:
  • Credit Risk
  • Market Risk
  • Operational Risk
  • Settlement Risk
  • Counterparty Risk
  • Commodity Risk
  • Liquidity Risk
  • Displaced Commercial Risk
  • Cybersecurity Risk
• Draft and review risk management reports to the Board of Directors and to group companies, including the implementation of the decisions taken during those meetings.
• Ensure timely reporting, escalation and closure of risk incidents raised by various internal departments.
• Ensure timely closure of findings raised by internal audit, external audit and any regulatory authority in relation to risk management.
• Identify misalignments with company objectives, take relevant remedial actions, and notify relevant stakeholders in the Exness Group.

What makes you a great fit

• University degree in Risk Management or related field
• Minimum of 5 years' working experience in the CFD / FX industry or a relevant field
• Fluent in English, both verbal and written. Arabic is a plus but not a must.
• CISI exams are compulsory (1. UAE Financial Rules and Regulations and 2. Risk in Financial Services)
• Excellent numerical and analytical skills
• Ability to work under pressure
• Ability to work in a fast-paced environment
• Good communication and interpersonal skills
• Genuine interest in financial markets
• Ability to travel overseas

What we offer along the way

• Competitive and attractive compensation
• Extensive learning opportunities, such as professional training and certifications, soft skills development, free English courses, and trading workshops
• Health and life insurance for employees, spouses, and children, including mental health care, and coverage for vision and dental care
• Generous time off, including 21 days of annual leave and paid sick leave
• Education allowance for your children’s school and kindergarten fees
• Sports reimbursement
• Outstanding team-building experiences and Exness community gatherings

Your journey after applying

• TA Interview (30 minutes)
• English capacity quiz
• Final Interview (1 hour)

Sounds like you? Apply.

Please note : Exness may amend or withdraw job postings at any time, including prior to the advertised closing date. Before applying, please read our data protection policy. Our data policy describes the processing of your personal data and informs you that your data may be transferred to Exness / Exness Group companies worldwide. Exness Group and its approved recruitment consultants will never ask you for a fee to process or consider your application. Anyone who demands such a fee is not an authorized Exness representative and you are strongly advised to refuse any such demand.

At Exness, we are an equal opportunity employer where every individual is valued. No matter your race, color, religion, sex, national origin, sexual orientation, gender identity or disability, we welcome you. As an international fintech company, we celebrate diversity and promote gender equality for all genders in our workforce.

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