Job Description

On behalf of our partner, an established financial services company operating within a regulated investment environment, we are looking for an experienced Risk Manager to take full responsibility for the company's Risk Management department.

The ideal candidate will have practical experience managing the Risk Management function within a regulated financial institution, preferably a Cyprus Investment Firm (CIF). This position requires someone who can independently oversee regulatory risk obligations, implement risk management frameworks, prepare regulatory reports and ensure effective risk governance across the business.

We are specifically looking for a professional with dedicated Risk Management experience, rather than a background primarily focused on dealing, trading operations or compliance. The successful candidate must be confident taking ownership of the entire function and managing its daily responsibilities.

Location: Limassol, Cyprus. Hybrid after probation.

Responsibilities:

As a Risk Manager, your broad responsibilities will include but are not limited to:

• Take full ownership of the Risk Management department, ensuring its effective operation and regulatory compliance.

• Identify, assess, monitor and mitigate operational, financial, regulatory and other business risks.

• Develop, maintain and regularly update the company's Risk Register, risk policies and Key Risk Indicators (KRIs).

• Monitor risk exposure, assess potential threats and recommend appropriate mitigation measures.

• Implement and maintain risk management frameworks, internal controls and assessment methodologies.

• Prepare and oversee regulatory reports, including Risk Management reports and Pillar I, Pillar II and Pillar III requirements.

• Ensure accurate and timely submission of Risk Management reports to CySEC and other relevant authorities.

• Organise and participate in Risk Management Committee meetings, including preparing reports, documentation and follow up actions.

• Prepare risk assessments, management reports and recommendations for Senior Management and the Board of Directors.

• Monitor developments in CySEC and EU regulations, ensuring that risk management procedures remain compliant.

• Advise the Board and Senior Management on risk exposure, regulatory obligations and improvements to internal risk controls.

• Coordinate with internal departments, external auditors and regulatory authorities on matters relating to risk management.

• Support regulatory inspections, audits and reviews, ensuring appropriate documentation and corrective actions.

• Provide training and guidance to employees and Senior Management on risk management procedures and regulatory requirements.

• Ensure all Risk Management activities, reports and regulatory obligations are completed within the required deadlines.

Requirements:

• Degree in Finance, Risk Management, Business Administration, Law or a related discipline.

• Minimum 2 years of direct experience as a Risk Manager within a regulated financial services company.

• CySEC Advanced Certificate is mandatory.

• Previous experience working within a Cyprus Investment Firm (CIF) is strongly preferred.

• Demonstrated ability to independently manage the complete Risk Management function, including its operational and regulatory responsibilities.

• Practical experience creating, maintaining and monitoring Risk Registers and Key Risk Indicators (KRIs).

• Solid knowledge of regulatory risk reporting, particularly Pillar I, Pillar II and Pillar III.

• Experience preparing Risk Management reports and supporting CySEC regulatory submissions.

• Familiarity with Risk Management Committee procedures, governance requirements and Board reporting.

• Strong understanding of risk management frameworks, methodologies, internal controls and their practical implementation.

• Knowledge of CySEC requirements and relevant EU financial services regulations.

• Experience collaborating with senior stakeholders, auditors and regulatory bodies.

• Ability to work independently, manage competing priorities and meet regulatory deadlines.

• Strong analytical, organisational and communication skills, with excellent attention to detail.

• Fluent written and spoken English.