Senior Risk Officer - Limassol, Cyprus

Are you ready to take your riskmanagement career to the next level while enjoying life in Limassol, a Mediterranean city that combines business opportunity with coastal living, culture and relaxed island lifestyle? We are seeking a skilled Senior Risk Officer to join a leading financialservices firms Limassol office, contributing to a strong regulatory and riskmanagement framework in a dynamic, international environment.

What youll do

• Maintain and develop the firms risk framework, including policies such as Risk Management Policy, Trading Book & Hedging Policy, ensuring compliance with regulatory standards.
• Lead and support major risk management cycles including assessments of capital and liquidity (ICARA), stress testing, scenario analysis and winddown planning.
• Manage risk metrics: monitor exposure and limits, maintain exception logs, handle risk escalations, and produce clear risk reports for senior management.
• Conduct third party risk assessments (for banks, brokers, liquidity providers, vendors), manage outsourcing risk registers and ensure due diligence processes are robust.
• Coordinate cross department work (Compliance, Finance, IT, Dealing) to implement risk-related policies, audits and remediation plans efficiently.
• Prepare material for Board and Risk-Committee meetings summarising risk metrics, exposures, incidents and regulatory changes, enabling informed decision making.

What were looking for

• Fluent English (written and spoken).
• 36 years experience in risk, audit or compliance within a regulated financial institution ideally with exposure to European regulations such as MiFID II, EMIR, DORA, ICARA-related frameworks.
• Solid understanding of finance, derivatives, liquidity and capital risk, probability/statistics or market structure concepts, plus strong analytical and quantitative skills.
• Excellent project management, documentation and communication skills able to coordinate multiple tasks, meet deadlines and interact with various departments.
• Proficiency in Excel (or other data analysis tools), strong attention to detail and disciplined approach to compliance, reporting and audit readiness.

Whats on offer

• Competitive salary package aligned with your experience and responsibilities.
• Private medical insurance from day one.
• Opportunities for professional growth and training support for ongoing development in risk, compliance or broader finance roles.
• Team oriented, supportive work environment within a well established, international financial services firm.
• A regular working schedule (typically MondayFriday, during daytime hours) offering work life balance.

Why Limassol?

• Limassol is a leading business and financial hub in Cyprus, with many international companies and strong infrastructure a great setting for financial services professionals seeking growth and stability.
• The city offers Mediterranean style living: close to the sea, warm climate, and access to beaches, a relaxed coastal lifestyle, and a cosmopolitan atmosphere that blends culture, leisure and work.
• For expats and locals alike, Limassol provides reasonable cost-of-living compared with many Western European cities with transparent utilities, a variety of housing options, and accessible amenities.
• Life in Limassol means good healthcare and a vibrant community: the city houses modern services, welcoming international residents, and a lifestyle that balances professional ambition and quality of life.

If you have strong riskmanagement skills, enjoy working in a regulated financial environment, and are looking for an opportunity that combines career growth with quality of life in a Mediterranean city this Senior Risk Officer position in Limassol could be an excellent match.