Our client is a well-established Cyprus Investment Firm based in Limassol, regulated by CySEC and
committed to maintaining the highest standards of governance, risk management, and regulatory compliance. Due to continued growth, they are seeking an experienced Risk Manager to take ownership of the firm's Risk Management function. The successful candidate will be responsible for the day-to-day management of the firm's risk framework, regulatory reporting obligations, and Digital Operational Resilience Act (DORA) requirements, while working closely with Senior Management and the Board of Directors. This is a dedicated risk position and is not combined with dealing, reception and transmission of orders, or any other front-office responsibilities. The role offers an excellent opportunity for an experienced risk professional to play a key role within a regulated financial services environment, contributing to the firm's ongoing growth and regulatory compliance.
MAIN DUTIES AND RESPONSIBILITIES
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Lead and manage the Company's Risk Management function, identifying, assessing, monitoring, and mitigating operational, regulatory, and business risks.
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Act as an active member of the Risk Management Committee and contribute to the firm's risk governance framework.
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Monitor the Company's risk exposures and provide recommendations and commentaries to Senior Management and the Board of Directors.
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Stay up to date with local and European legislation, regulations, and best practices relating to risk management.
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Prepare risk-related reporting and analysis for Senior Management and the Board.
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Provide training and guidance to Senior Management and staff regarding risk management requirements and regulatory obligations.
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Conduct risk assessments, scenario analysis, and ongoing monitoring activities.
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Maintain and regularly update the Company's Risk Register, ensuring appropriate Key Risk Indicators (KRIs) and best practices are implemented.
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Prepare, review, and supervise periodic regulatory reports and submissions, including Risk Management Reports, Pillar I, Pillar II, and Pillar III requirements.
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Collaborate with Compliance, Internal Audit, IT, and operational teams to strengthen the Company's risk management framework.
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Identify, assess, and monitor ICT-related risks in accordance with DORA requirements.
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Maintain and oversee the Company's ICT Risk Register.
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Monitor ICT risk mitigation measures and assess their effectiveness.
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Review ICT incidents and evaluate their potential impact on the business.
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Assess operational risks arising from critical ICT third-party providers.
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Monitor business continuity and disaster recovery arrangements from a risk management perspective.
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Review digital operational resilience testing results and recommend improvements where necessary.
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Monitor DORA-related regulatory developments and ensure ongoing compliance.
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Report material ICT risks, incidents, and weaknesses to Senior Management and the Board.
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Coordinate with IT, Compliance, and other departments to support the firm's DORA compliance program.
CANDIDATE PROFILE
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Degree in Finance, Risk Management, Law, Business Administration, or a related field.
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Minimum of 2 years' experience within a Risk Management function in a regulated financial services company.
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Previous experience within a Cyprus Investment Firm (CIF) will be considered highly advantageous.
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CySEC Advanced Certificate holder is mandatory.
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Strong knowledge of risk management tools, methodologies, and their practical implementation.
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Understanding of operational risk, ICT risk, and DORA requirements will be considered advantageous.
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Experience in preparing regulatory reports and submissions.
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Strong analytical and problem-solving skills with excellent attention to detail.
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Ability to manage multiple priorities and meet reporting deadlines.
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Fluent in English, both written and spoken.
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Ability to work independently and as part of a team.
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EU Citizenship or valid right to work in Cyprus.
SALARY AND BENEFITS
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€50,000 - €60,000 Gross Per Annum.
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Salary will be determined based on experience, qualifications, and skills. The advertised salary range is indicative, any offer will reflect the successful candidate’s suitability.
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Opportunity for annual salary review based on performance.
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22 days paid annual leave.
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Free unlimited parking.
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Financial support for relevant professional qualifications, training courses, and seminars.
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Participation in company events, team-building activities, and seasonal gatherings.
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Complimentary coffee, tea, and snacks.
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Friendly, professional, and supportive working environment.
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Excellent opportunity to take ownership of a dedicated Risk Management function within a regulated financial services organisation.
Due to the high volume of applications, we receive at GRS Recruitment, only shortlisted candidates will be responded to.
To apply for this position, please email your CV to
Ross Pitman, ross@grsrecruitment.com quoting the above job reference or call +357 25 342 736 for further information.