Head of Dealing - Forex Broker

€48,000 - €72,000 yearly
  • ULTRA Recruitment
  • Limassol, Cyprus
  • 23/05/2023
Full time Finance Fintech Forex

Job Description

A new international Forex Brokerage is looking for an experienced Head of Dealing to join their team.

The ideal candidate should possess 4-8 years of Forex and CFD trading experience and be able to effectively manage all trading-related matters, evaluate market risks, and maximize the broker's profits while minimizing potential losses.

Location: Limassol
Salary: EUR 48k - 72k

Duties and Responsibilities:

  • Monitor daily, weekly and monthly client profitability, net asset value, margin data and market data. Conduct credit analysis, prepare risk reports, and employ hedging strategies to control the A/B book and maximize the broker's profits while minimizing potential losses.
  • Prepare and review Internal Capital Adequacy and Risk Assessment (ICARA).
  • Monitor clients' trading activities and patterns to identify any potential abusive practices, such as arbitrage and scalping, and develop systems to mitigate and prevent such practices.
  • Assist in the development and enhancement of the risk and compliance framework, policies and procedures according to CySEC regulation or internal requirements.
  • Assist in the development of risk management tools, reports and systems.
  • Stay informed about the latest regulatory developments and best practices in risk management, market making and trading.
  • Provide training and mentorship to junior team members on risk management best practices.
  • Liaise with the MLRO to review Customer Risk Assessment (CRA) methodology and MLRO/Financial Office Business Risk Assessment (BRA).


  • University degree in Finance, Risk Management, Business, or a related discipline.
  • CySEC Advanced and AML Certification are required.
  • Minimum 4 years of similar working experience.
  • At least 4 years of relevant experience in investment risk control and compliance for a financial institution, preferably a forex broker as well as deep knowledge of bridges and liquidity providers
  • In-depth knowledge of financial instruments and markets, including Forex CFDs, futures, stocks, and stock indices.
  • Experience in trading as both user and admin, with a deep understanding of MT4/5 or CTrader.
  • Strong interpersonal, communication, and time-management skills.
  • Fluent in written and spoken English.
  • Ability to work in shifts if needed.


  • Salary: EUR 48,000 – 72,000
  • Bonus: 13th salary

The salary is based on the candidate's qualifications, experience, and certifications obtained.

If this sounds like the role for you, please apply today.