Location: Oman
Salary: USD 10,000–15,000 per month
We are a well-established Hong Kong-based brokerage and diversified financial services firm with a 40-year track record. As part of our international expansion, we are preparing to establish regulated operations in Oman and obtain the relevant licences from the Financial Services Authority (FSA) of Oman.
We are seeking an experienced Head of Risk Management to lead our risk management function in Oman. Reporting directly to the Board of Directors / CEO, this senior leadership role will be instrumental in establishing the local risk management framework, supporting the licensing process, building the risk team, and ensuring robust controls across securities brokerage, margin financing, new products, and business initiatives in accordance with Omani laws, FSA regulations, and international best practices.
Develop, implement, and enhance risk management policies, procedures, methodologies, and control frameworks.
Lead credit control, margin call management, and credit approval for margin clients within the securities brokerage business.
Review and provide risk recommendations on credit limit applications for securities, futures, and options businesses.
Provide business requirements for IT system development relating to risk management and regulatory requirements, and participate in user acceptance testing (UAT).
Conduct risk assessments for new products and business initiatives; develop appropriate risk policies, procedures, systems, and daily monitoring workflows.
Prepare regular risk management reports and regulatory submissions required by the FSA or other relevant authorities.
Build, lead, and develop the local risk management team to support business growth and strategic initiatives.
Work closely with senior management, business teams, compliance, operations, and technology functions to maintain a strong risk culture.
Minimum 8–10 years of relevant risk management experience within the securities industry; experience in securities brokerage and margin financing is essential.
At least 6 years of relevant experience gained from sizeable securities firms or financial institutions.
Bachelor’s degree or above in Risk Management, Finance, Business Administration, or a related discipline.
FRM, CFA, or other professional qualifications in risk or financial management are preferred.
Strong knowledge of credit risk management methodologies, risk control processes, and margin financing controls.
In-depth understanding of local regulations applicable to brokerage and margin business in Oman; familiarity with FSA requirements is highly desirable.
Experience in system implementation, project management, and/or UAT.
Excellent written and spoken English is essential; Mandarin proficiency is an advantage.
Strong leadership, communication, stakeholder management, and interpersonal skills.
High standards of professional ethics, integrity, and internal control awareness.
