Risk Manager

Company Overview:

Mitrade is an award-winning global Contract for Difference (CFD) and forex broker, regulated by authorities in Australia (ASIC), Cyprus (CySEC), the Cayman Islands (CIMA), and Mauritius (FSC). We were founded in Melbourne, Australia and have offices worldwide.

Our Cyprus office, Mitrade EU, is just starting up, presenting a unique opportunity to be a founding member and work actively within the core of the business. With this, internal growth is not only welcomed but also encouraged, providing our employees with the opportunity to grow, develop and succeed in their current role and any future roles they might have with Mitrade Group. This position offers not only career development opportunities but also the chance to be part of a fun, dynamic team that collaborates to support our clients.

Role Summary:

We are seeking a skilled and experienced Risk Manager to join our team in our Limassol office. The Risk Manager will be responsible for developing and implementing comprehensive risk management strategies to identify, assess, and mitigate risks within the Company. The successful candidate will work closely with various teams to ensure the Company's financial and operational stability while complying with industry regulations.

If you’re a strategic problem-solver with a passion for innovation, teamwork and a growth mindset, we invite you to join us in shaping the future of digital finance! ️

What Would Be Your Responsibilities:

• Work cross-functionally with teams in other jurisdictions to create a cohesive global risk management framework that align with the Company’s objectives, sharing best practices and ensuring consistency in risk assessment and mitigation efforts across the business
• Prepare comprehensive risk reports and present findings to senior management and the board of directors to facilitate informed decision-making
• Conduct thorough risk assessments by evaluating various factors, including market risks, credit risks, liquidity risks, operational risks, and regulatory risks
• Continuously monitor the Company's risk profile and financial exposures, using advanced analytics and reporting tools to detect potential issues in a timely manner
• Develop and implement strategies to mitigate identified risks, including the establishment of risk limits and the development of risk mitigation plans.

Examination of the ongoing capital adequacy compliance and the financial results of the CIF

• Stay current with regulations and collaborate with the compliance department to address regulatory requirements.
• Perform stress tests and scenario analysis to evaluate the Company's resilience to adverse events and identify areas for improvement
• Oversee the assessment and management of risks associated with third-party vendors, ensuring that vendor relationships align with the Company's risk appetite
• Develop and maintain an effective incident response plan to address operational risk incidents promptly, minimize their impact, and prevent recurrence
• Collaborate closely with other key functions, including Compliance, Legal, Finance, Technology, and Operations, to ensure a holistic approach to risk management
• Participation in the risk management committee.

What We Require From You:

• University Degree in Risk Management, Mathematics, Finance, Economics or related field. Relevant professional certifications (e.g., FRM, PRM, CFA) is a plus
• Holder of CySEC Advanced Examination
• Proven experience in risk management within the financial industry, preferably in CIFs
• Advanced understanding of CFD products, financial markets, and trading strategies
• Strong analytical, critical thinking and quantitative skills, with proficiency in risk assessment and modelling
• Have a proactive approach to risk management and experienced with BASEL III framework and ICAAP/ICARA
• Strong problem-solving abilities and the ability to make decisions in a fast-paced environment
• Excellent communication and presentation skills in English
• Excellent knowledge of Microsoft Office tools
• Team player with the ability to work collaboratively with cross-functional teams
• Flexible and willing to embrace both change and technology in a dynamic business environment

What You Can Look Forward To:

• Be part of a dynamic and multi-cultural team
• Career growth opportunities with global offices
• Competitive salary
• Performance-based bonus
• Private medical insurance
• Education subsidy & full-paid Study Leave
• Fitness membership allowance
• Birthday Leave

Mitrade is at the cutting edge of FinTech with a team that excels in a fast-paced, collaborative environment. We seek analytical thinkers and executors with a data-driven approach, capable of managing complex multi-stakeholder projects and adapting to technological advancements.