On behalf of our client, a licensed Financial Services Company and an Electronic Money Institution, we are looking for a Head of Risk Management to be based at their offices in Nicosia, Cyprus.

Main Duties and Responsibilities

Leads and oversees the Company's risk management framework, ensuring that risks are effectively identified, assessed, monitored, and reported in line with regulatory requirements and the Company's risk appetite.
Develops, maintains, and periodically reviews the Company's risk management policies, procedures, and risk appetite framework.
Oversees the Company's prudential risk management processes, including capital adequacy monitoring and related regulatory disclosures.
Prepares and presents regular risk management reports to senior management and the Board of Directors, providing insights on the Company's risk profile and key risk developments.
Supports the effective functioning of the Company's risk governance structure, including participation in relevant committees and contributing to risk-related decision-making.
Oversees the management and monitoring of credit, counterparty, market, and operational risks, ensuring that exposures remain within approved limits and policies.
Ensures appropriate risk assessment processes are in place for clients, counterparties, and business activities.
Maintains and monitors the Company's risk register, ensuring that emerging and existing risks are appropriately documented and mitigated.
Establishes and monitors Key Risk Indicators (KRIs) and ensures that risk monitoring tools and reporting mechanisms remain effective. Oversee third-party and outsourcing risk management, ensuring that external arrangements comply with applicable regulatory requirements and internal policies.
Collaborates with other control functions, including IT security and compliance, to ensure appropriate management of ICT, operational, and fraud-related risks.
Oversees the implementation and testing of the Company's business continuity and disaster recovery arrangements to ensure operational resilience.
Act as the Company's Outsourcing Officer, overseeing outsourcing arrangements and ensuring compliance with relevant regulatory frameworks, including the EBA Outsourcing Guidelines.
Promotes a strong risk culture across the organisation by providing guidance and support to business units on risk-related matters.

Job Requirements

University degree in Finance, Economics, Risk Management, Mathematics, or a related field
5+ years of similar experience in risk management within a within an Investment Firm, Electronic Money Institution or Payment Institution
Experience in credit risk, counterparty risk, and operational risk management
Familiarity with prudential requirements, ICARA processes, Pillar III disclosures and capital adequacy frameworks
Excellent analytical, organisational, and communication skills
Ability to work independently while interacting effectively with senior management and committees

Benefits

Professional development and training allowance
Employer's contribution to a provident fund
Private medical insurance for the whole family
Paid parking
Frequent corporate events and activities
Free snacks and beverages

All CVs will be handled with the utmost confidentiality.

Head of Risk Management

Job Description