Head Of Risk FX Commodities CFDs

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. The ideal candidate should possess extensive experience managing market, liquidity, credit, and operational risks within a brokerage environment, and a deep understanding of trading operations, client risk exposure, and brokerage profitability.

Strong Professional Working Fluency In English Is REQUIRED.

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.
• Lead investigations into significant trading events, market incidents, and operational losses while implementing corrective actions.
• Build and mentor a high-performing risk management team while fostering a strong risk-aware culture throughout the organization.
  
  
  

• 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.