Risk Manager – Forex / CFD Brokerage

About the RoleNovixa Capital is seeking an experienced Risk Manager to oversee and manage trading, market, liquidity, operational, and counterparty risks within its Forex/CFD brokerage business.The successful candidate will be responsible for monitoring trading exposures, evaluating risk levels, implementing risk controls, and ensuring that appropriate risk management frameworks and procedures are maintained in line with the company's business model and applicable regulatory requirements.Key Responsibilities1. Trading & Market Risk ManagementMonitor real-time trading exposure, open positions, margin levels, and overall client risk.Manage net exposure, leverage, drawdown, and concentration risks across trading instruments.Monitor high-risk trading activity, unusual trading patterns, and potential market abuse.Assess market volatility and its potential impact on the company's trading book and profitability.Recommend hedging strategies and exposure limits where appropriate.2. Liquidity & Counterparty RiskMonitor liquidity positions and counterparty exposure.Coordinate with liquidity providers and internal dealing teams to manage execution and exposure risks.Review hedging arrangements, slippage, execution quality, and counterparty performance.Identify potential liquidity gaps and recommend appropriate mitigation measures.3. Risk Controls & MonitoringEstablish and maintain risk limits, escalation procedures, and monitoring controls.Monitor margin calls, stop-out levels, negative balance exposure, and exceptional trading events.Investigate abnormal trading activity and escalate material risk incidents.Develop risk dashboards, reports, and key risk indicators (KRIs).4. Operational & Regulatory RiskIdentify operational weaknesses and recommend preventive controls.Work with Compliance, Dealing, Finance, and Technology teams to strengthen risk management processes.Support regulatory reporting, internal reviews, audits, and risk documentation as required.Ensure risk policies and procedures align with applicable regulatory requirements and the company's licensed activities.5. Reporting & StrategyPrepare daily, weekly, and monthly risk reports for senior management.Analyse trading performance, exposure trends, and potential financial losses.Conduct stress testing, scenario analysis, and risk assessments.Recommend improvements to risk policies, systems, and operational controls.Requirements & QualificationsBachelor's degree in Finance, Economics, Mathematics, Risk Management, or a related field.Minimum 5 years of relevant experience in risk management within a Forex/CFD brokerage or financial services firm.Strong understanding of Forex, CFDs, margin trading, leverage, and trading-platform operations.Practical experience in exposure monitoring, hedging, liquidity risk, and trading-book risk management.Familiarity with trading platforms and risk systems such as MT4/MT5 and relevant CRM or risk-monitoring tools.Strong analytical, quantitative, and problem-solving skills.Proficiency in Excel and risk reporting; knowledge of SQL, Python, or BI tools is an advantage.Understanding of applicable UAE financial-services regulatory requirements is preferred.Excellent communication skills and the ability to work under pressure in a fast-paced trading environment.Key CompetenciesAnalytical thinking and attention to detailSound risk judgement and decision-makingStrong reporting and data-analysis capabilitiesAbility to identify, assess, and mitigate financial risksEffective communication and stakeholder managementIntegrity, accountability, and professional discretionWhat We OfferCompetitive salary based on experiencePerformance-based incentives, where applicableProfessional development and career growth opportunitiesOpportunity to contribute to a growing financial-services businessCollaborative and international working environmentHow to ApplyInterested candidates are invited to share their updated CV, highlighting their Forex/CFD brokerage risk management experience and relevant technical expertise.Apply by sending your CV through the company's recruitment channel.