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Head of Risk (FX, Commodities, CFDs)
Sage Consulting Group
Dubai, UAE
Full Time
Director
Onsite
1 weeks ago
Risk ManagementFXCFDsCommoditiesMarket RiskLiquidity Risk
Free
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Risk ManagementFXCFDs
About the Role
Our client, a global FX brokerage in Dubai, seeks a seasoned Head of Risk with extensive experience in FX, CFDs, and commodities. You will develop and oversee the enterprise risk management framework, monitor real-time exposure, and lead a high-performing team.
Key Skills for This Role
Risk ManagementFXCFDsCommoditiesMarket RiskLiquidity Risk
Responsibilities
- Develop and implement the company's enterprise risk management strategy across FX, CFDs, commodities, and other leveraged trading products.
- Monitor real time market exposure, client positions, net open positions, Value at Risk (VaR), and overall trading risk to ensure exposure remains within approved limits.
- Establish and continuously review risk limits, exposure thresholds, margin policies, leverage controls, and stop out mechanisms.
- Oversee market risk, liquidity risk, credit risk, operational risk, and counterparty risk across the brokerage business.
- Develop hedging strategies and monitor hedge effectiveness to minimize market exposure while optimizing profitability.
- Supervise dealing desk risk management activities and provide guidance on managing A Book, B Book, or hybrid execution models.
- Analyze client trading behavior, profitability, concentration risk, and abnormal trading patterns to identify potential financial or operational risks.
- Work closely with compliance teams to ensure adherence to regulatory requirements and internal risk governance policies.
- Lead stress testing, scenario analysis, and risk simulations to assess the firm's resilience under volatile market conditions.
- Develop and maintain risk dashboards, exposure reports, management reports, and key risk indicators (KRIs) for senior leadership.
- Review new products, trading instruments, and business initiatives to assess potential risk implications before implementation.
- Collaborate with technology teams to enhance risk monitoring systems, automated alerts, and trading surveillance capabilities.
Requirements
- At least 10+ years of progressive risk management experience in the FX, CFDs, commodities, and/or online brokerage industry.
- Previous leadership roles in a risk management function within an FX brokerage, multi asset brokerage, proprietary trading firm, or FSO.
- Deep understanding of leveraged trading products including foreign exchange, CFDs, commodities, indices, precious metals, and related financial instruments.
- Extensive knowledge of A Book, B Book, and hybrid brokerage execution models, including client exposure management and hedging strategies.
- Strong understanding of market risk, liquidity risk, credit risk, operational risk, and counterparty risk management principles.
- Experience monitoring trading exposure, margin utilization, leverage controls, Value at Risk (VaR), stress testing, and scenario analysis.
- Familiarity with liquidity providers, prime brokers, bridge technology, trading platforms, and order execution processes.
- Experience working with trading platforms such as MT4, MT5, cTrader, or similar brokerage systems.
- Ability to perform effectively in a fast paced, real time trading environment where rapid decision making is essential.
- Strong professional working fluency in English is REQUIRED.
- Bachelor's degree in Finance or other related fields is preferred.
Full Job Posting
Company Overview
- Our client is a global FX brokerage that is looking to expand their team in Dubai.
- They are seeking a cautious and seasoned Head of Risk with a strong background in the FX, CFDs, and/or commodities brokerage industry.
- In this role, you will work closely with executive leadership, dealing, trading, finance, compliance, technology, and operations teams to develop and oversee the firm's enterprise risk management framework.
Key Responsibilities
- Develop and implement the company's enterprise risk management strategy across FX, CFDs, commodities, and other leveraged trading products.
- Monitor real time market exposure, client positions, net open positions, Value at Risk (VaR), and overall trading risk to ensure exposure remains within approved limits.
- Establish and continuously review risk limits, exposure thresholds, margin policies, leverage controls, and stop out mechanisms.
- Oversee market risk, liquidity risk, credit risk, operational risk, and counterparty risk across the brokerage business.
- Develop hedging strategies and monitor hedge effectiveness to minimize market exposure while optimizing profitability.
- Supervise dealing desk risk management activities and provide guidance on managing A Book, B Book, or hybrid execution models.
- Analyze client trading behavior, profitability, concentration risk, and abnormal trading patterns to identify potential financial or operational risks.
- Work closely with compliance teams to ensure adherence to regulatory requirements and internal risk governance policies.
- Lead stress testing, scenario analysis, and risk simulations to assess the firm's resilience under volatile market conditions.
- Develop and maintain risk dashboards, exposure reports, management reports, and key risk indicators (KRIs) for senior leadership.
- Review new products, trading instruments, and business initiatives to assess potential risk implications before implementation.
- Collaborate with technology teams to enhance risk monitoring systems, automated alerts, and trading surveillance capabilities.
Requirements
- At least 10+ years of progressive risk management experience in the FX, CFDs, commodities, and/or online brokerage industry.
- Previous leadership roles in a risk management function within an FX brokerage, multi asset brokerage, proprietary trading firm, or FSO.
- Deep understanding of leveraged trading products including foreign exchange, CFDs, commodities, indices, precious metals, and related financial instruments.
- Extensive knowledge of A Book, B Book, and hybrid brokerage execution models, including client exposure management and hedging strategies.
- Strong understanding of market risk, liquidity risk, credit risk, operational risk, and counterparty risk management principles.
- Experience monitoring trading exposure, margin utilization, leverage controls, Value at Risk (VaR), stress testing, and scenario analysis.
- Familiarity with liquidity providers, prime brokers, bridge technology, trading platforms, and order execution processes.
- Experience working with trading platforms such as MT4, MT5, cTrader, or similar brokerage systems.
- Ability to perform effectively in a fast paced, real time trading environment where rapid decision making is essential.
- Strong professional working fluency in English is REQUIRED.
- Bachelor's degree in Finance or other related fields is preferred.
Additional Information
- If you are qualified and interested, we kindly invite you to apply!
- In the meantime, please consider following our company page for more updates and relevant job opportunities.
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