Head of Risk Management
Uniteam Recruitment Services Ltd
Location
Nicosia
Type
full-time
Experience
Senior (5+ yrs)
Salary (Gross)
Salary upon interview
Apply within
9 days
Category
AML, Compliance & Risk
About the Role
Our client, a licensed Financial Services Company and Electronic Money Institution in Nicosia, Cyprus, is seeking a Head of Risk Management. This pivotal role involves leading and overseeing the company’s comprehensive risk management framework, ensuring effective identification, assessment, monitoring, and reporting of risks in alignment with regulatory requirements and the company's risk appetite. The successful candidate will develop and maintain risk policies, oversee prudential risk management, and prepare regular reports for senior management and the Board. Key responsibilities also include managing credit, counterparty, market, and operational risks, ensuring appropriate risk assessments, maintaining the risk register, and establishing Key Risk Indicators. The role also encompasses overseeing third-party and outsourcing risk management, collaborating with other control functions, and ensuring business continuity and disaster recovery arrangements. Furthermore, the Head of Risk Management will act as the Outsourcing Officer and promote a strong risk culture throughout the organization.
Responsibilities
- Leads and oversees the Company’s risk management framework
- Develops, maintains, and periodically reviews risk management policies and risk appetite framework
- Oversees the Company’s prudential risk management processes, including capital adequacy monitoring
- Prepares and presents regular risk management reports to senior management and the Board of Directors
- Supports the effective functioning of the Company’s risk governance structure
- Oversees the management and monitoring of credit, counterparty, market, and operational risks
- Ensures appropriate risk assessment processes are in place for clients, counterparties, and business activities
- Maintains and monitors the Company’s risk register
- Establishes and monitors Key Risk Indicators (KRIs)
- Oversee third-party and outsourcing risk management
- Collaborates with other control functions 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
- Act as the Company’s Outsourcing Officer
- Promotes a strong risk culture across the organisation
Requirements
- University degree in Finance, Economics, Risk Management, Mathematics, or a related field
- 5+ years of similar experience in risk management 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
Know someone who'd be a great fit?
Share this role with a friend, ex-colleague or your network. They'll thank you.