NAGA
Head of Risk Management
NEWJob Description
[AI-summarized by JobStash]
You will take ownership of market risk across the CFD brokerage, designing and managing exposure frameworks, monitoring net open positions in real time, and setting and enforcing risk limits. You will develop and execute hedging strategies, manage LP and counterparty exposure, and optimize hedge execution during volatile markets. You will build and refine analytical models to assess client flow, perform P&L attribution and execution analysis, and deliver data-driven insights. You will model extreme market scenarios, conduct regular stress tests, ensure adequate capital buffers and contingency plans, produce and improve risk reports and dashboards, present findings to senior management and the board, and work with Compliance to meet regulatory risk obligations.
Requirements
- ā7ā10 years of experience in risk management within a CFD brokerage, market maker, or similar environment
- āAt least 3 years in a senior role
- āExpert-level understanding of exposure management, hedging strategies, and market risk frameworks in a retail brokerage context
- āStrong quantitative and analytical skills and experience building models and scoring frameworks
- āDeep understanding of risk systems, reporting tools, and real-time monitoring dashboards
- āDeep knowledge of FX, indices, commodities, and equity CFD risk dynamics
- āProven ability to manage risk during high-volatility events and market dislocations
- āExperience working within regulated environments such as CySEC, FCA, ASIC or equivalent
- āStrong communication skills capable of translating complex risk concepts for non-technical stakeholders
- āProgramming or scripting skills (Python, SQL, R) ā nice to have
- āExperience with crypto CFD risk management ā nice to have
- āBackground in quantitative finance or financial engineering ā nice to have
- āExperience presenting risk reports to board-level audiences ā nice to have
- āFamiliarity with regulatory capital requirements (e.g., ICF, Pillar III) ā nice to have
Responsibilities
- āDesign and manage the exposure management framework across all instruments and asset classes
- āMonitor and manage the firm's net open position in real time
- āSet and enforce risk limits per client, instrument, asset class, and firm-wide
- āDevelop and maintain flow classification models to optimize client flow management
- āDevelop and execute hedging strategies and decide when and how to hedge
- āManage LP and counterparty relationships from a risk perspective
- āOptimize the balance between hedging cost and risk reduction
- āManage hedge execution during volatile market conditions
- āBuild and refine analytical models to assess client flow characteristics and risk profiles
- āPerform deep analysis of trading patterns, execution data, and P&L attribution
- āDeliver data-driven insights to improve execution and flow management
- āModel extreme market scenarios and conduct scenario planning
- āEnsure adequate capital buffers and contingency plans for tail-risk events
- āConduct regular stress tests and present findings to senior management and the board
- āProduce daily, weekly, and monthly risk reports covering VaR, net exposure, concentration risk, P&L attribution, and hedging costs
- āOwn and continuously improve risk reporting systems, dashboards, and monitoring tools
- āPresent risk dashboards and insights to the executive team and board
- āWork closely with Compliance to ensure margin requirements, negative balance protection, leverage limits, and regulatory risk obligations are met
Benefits & Perks
- āPerformance-based bonus
- āESOP