STATOK is a Cyprus-based regulated brokerage firm specializing in providing access to the US Equities markets. In partnership with best-in-class brokers and fintech companies, we are building a modern, robust trading infrastructure to accommodate high-volume professional clients, both firms and individuals. Our goal is to leave our clients with only one problem: whether to buy or to sell. As Head of Risk, you will play a key role in making sure STATOK does so in a confident, risk-aware fashion. If you’re looking for a collaborative and growth-oriented work environment, we would love to hear from you!
Who we need
A seasoned Risk Manager with expertise in overseeing leveraged trading on the U.S. stock market, who is able to comprehensively assess all company risks, with an emphasis on margin trading and IT domain, ensure regulatory compliance under EU and Cyprus Law, and communicate complex topics to stakeholders, coworkers and Board of Directors.
Key responsibilities
- Identifying, assessing and continuously monitoring of Company’s material risks and ensuring the risks management activities are effective
- Maintaining and validating the Company’s Risk Register
- Developing and maintaining risk management policies and procedures, with particular attention to leverage/margin policy for client accounts
- Acting as project manager for developing, testing and implementing of client risk system and margin management tools
- Calculating and monitoring risk metrics and risk limits on significant exposures, both for company and client positions and exposures
- Assessing the risk profiles of products, counterparties and trading setups
- Reporting to the Board on risk management issues, projects and initiatives
- Implementing risk controls in IT systems of the company
- Preparing regulatory plans and reporting on risk management: Capital Adequacy, Resolution & Recovery, Business Continuity, Pillar III, ICARA and ILAAP, etc.
- Assisting with the external audit of risk-related procedures and disclosures
- Mentoring and managing the employees of the Risk department
Required qualifications
- 5 years in the same field (CIF / CySEC-regulated broker preferably, or other regulated investment entities with dynamic leveraged trading in equity markets)
- Practical understanding of securities markets and their market infrastructure, with emphasis on the U.S. stock market: trading sessions, order types, margin trading, short selling, typical trading or settlement failures, typical drivers of volatility etc.
- Experience in managing leveraged accounts/portfolios, preferably under various margining rules (Regulation T, TIMS, discounts, SPAN, portfolio margin etc.)
- Solid understanding of applicable laws, regulations, and industry best practices.
- Appropriate proficiency in written and spoken English (at least B2)
- Proficiency with Microsoft Excel
Preferred qualifications
- Experience with Sterling Trading products
- FRM certification
- CFA certification
- Experience with IT compliance (ICT-related risks), DORA compliance
- Basic knowledge of GDPR compliance
- CySEC Advanced certification
- Experience with Slack and Google Workspace
Competencies & skills
- Data interpretation and analysis
- Adaptability and gravity towards innovation
- Analytical and problem-solving skills
- Communication and interpersonal skills, ability to interact efficiently with all levels of the organization
- High emotional intelligence
- Leadership and team management skills
Work environment & benefits
- Work desk in a newly-renovated office
- Hybrid work: up to 2 remote days per week
- 35 days of annual leave (including public holidays)
- Medical insurance
- Sports compensation
- Psychological support programs
STATOK provides equal opportunity. We encourage applications from candidates of all backgrounds and life experiences, yet reserve the right to contact only the candidates who have been selected based on their resumes. Thank you for considering STATOK as your next career step
