Head of Risk Management

Your role at Exness:

As the Head of Risk Management, you will be primarily responsible for the Risk Department of the local UAE “Exness MENA” entity that is licensed by the UAE Securities and Commodities Authority “SCA” as a Trading Broker of OTC Derivatives and Currencies in the Spot Market. This includes managing Exness MENA risk management outsourcing arrangements with the rest of the Exness Group.

You will specify and evaluate potential risks for Exness MENA that may arise from operational factors. You will make suitable decisions for handling them if they arise, 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.

Your role includes responsibility for the performance of the local company, looking after the interests of its principals, safeguarding the reputation of the local company and the Exness Group, and promoting Exness Group values and culture.

This implies having a good knowledge of the risk management operations of Exness, a working knowledge of the applicable regulatory and legal framework, and immersing yourself in the company culture. Important duties include identifying misalignments with company objectives, taking relevant remedial actions, and notifying relevant stakeholders in the Exness Group. You will report to the Exness MENA CEO and the Board of Directors.

You will:

• 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 such strategic objectives.
• Develop the Risks Management guide in line with the 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 the Risk Management matters.
• Always maintain accreditation with the Securities and Commodities Authority as Head of Risk Management by fulfilling all duties imposed by the local regulation including, but not limited to, attending the 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 on 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.
  • Exposure to Risks.
  • 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

What makes you a great fit:

• University degree in Risk Management or related field
• Minimum of 5 year 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:

1. TA Interview (30 minutes)
2. English capacity quiz
3. Final Interview (1 hour)

Please use your exness work email for internal applications and ensure to disclose any existing Conflict of Interest you may have.