Financial Services

Head of Risk (Executive Director)

Financial Services
ID #

Head of Risk (Executive Director)


A regulated and authorised Alternative Investment Fund Management (AIFM) company with a dedicated and dynamic on-site team in Nicosia, Cyprus, well-established in the funds industry, known for their commitment to excellence and personalized service to their clients, is seeking a highly qualified and experienced Risk professional to join the executive team and fulfill a dual role as Executive Director and Head of the Risk Management Function of the AIFM.

As the Head of Risk, you will play a crucial role in the firm, ensuring that Funds under Management and Company maintain a dynamic and appropriate risk framework in compliance with all applicable regulatory requirements. As an Executive Director you will need to be involved with all day-to-day operations of the Company and ensure that all the activities are performed in compliance with the applicable regulatory framework and consistent with the policies and procedures of the Company. This role requires a strong background in risk management, exceptional management and operational skills, and the ability to lead as an Executive Director. The ideal candidate will be adept at navigating complex regulatory environments and have a strategic mindset to guide the firm through risk management and compliance challenges.

Job Description

  • Develop, implement, and maintain the firm’s risk and compliance policies and procedures to ensure adherence to all applicable laws and regulations
  • Oversee all risk management and compliance activities, providing strategic direction and leadership
  • Serve as the primary point of contact for regulatory bodies and ensure timely and accurate reporting
  • Conduct regular risk assessments to identify potential areas of vulnerability and implement corrective actions
  • Lead and mentor the risk management and compliance team, fostering a culture of ethical behaviour and continuous improvement
  • Stay abreast of regulatory developments and industry best practices, ensuring the firm’s compliance framework remains current and effective
  • Supervise, monitor and/or prepare and present risk reports to the Board of Directors and executive management

Your Profile

  • Bachelor’s degree in Finance, Risk Management, Economics, or a related field is preferred but not essential
  • Masters’ Degree or a Professional Qualification in a related field is preferred but not essential
  • Holder of advanced Cysec Certificate – preferred but not essential although if not a holder, must be willing and able to pass CySEC exam in 2024.
  • Fluency in English and Greek is essential, both written and oral
  • Proven experience in a senior risk management and/or compliance role within the Funds and financial services industry
  • Deep understanding of regulatory requirements and frameworks relevant to AIFM firms and/or the financial industry
  • Strong leadership and managerial skills with a track record of building and leading effective teams
  • Excellent analytical and problem-solving abilities
  • Computer skills and MS Office working knowledge
  • Outstanding communication and interpersonal skills, with the ability to interact effectively with regulatory authorities and manage the internal team of 13 people in the Nicosia office
  • High ethical standards and a commitment to integrity and transparency


  • Annual salary raises
  • Annual performance-related bonus
  • A supportive and dynamic work environment
  • Professional development and growth opportunities
  • Working hours; Monday to Friday, 09:00-18:00
HR Innovate is an equal opportunity Recruiting Agency and value diversity in the Company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, or disability status.

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