Simulated Trading Risk Manager
Eightcap
- Melbourne, VIC
- $90,000-100,000 per year
- Permanent
- Full-time
- Continuously monitor and analyse trading activities to detect potential risks and ensure adherence to risk policies and trading rules.
- Oversee risk operations and ensure that teams follow company policies and industry standards to maintain rigour relating to risk management processes.
- Manage trading rules for each simulated trading brand to ensure these remain competitive and are in line with company risk appetite
- Identify opportunities to enhance risk management processes, aligned with technological advancements and market trends.
- Ensure that the risk team has adequate resources, tools, and training to perform risk assessments efficiently.
- Ensure the team is aware of any rule updates and procedural changes, ensuring seamless compliance across all operations.
- Oversee withdrawal processing across regions, ensuring payouts are completed within the expected timeframe (2-day max).
- Track daily performance of team, investigate reported issues, and resolve internal and external withdrawal-related inquiries.
- Lead and support offshore teams responsible for risk checks, ensuring alignment with company policies and procedures.
- Track daily payment rates, identify excessive payout exposure, and recommend and implement mitigation strategies to support payment improvements.
- Develop risk metrics to measure effectiveness, perform regular risk assessments, and provide outcome reports.
- Collaborate with internal teams to integrate risk management frameworks into broader company operations.
- Establish backup strategies for potential crises, system failures, or manual intervention needs in risk assessments.
- A relevant bachelor’s degree or at least five (5) years of relevant experience
- Proven experience in a risk management role within a financial services structure, preferably in a trading or brokerage environment, specifically in simulated/proprietary trading.
- Strong understanding of financial markets, trading platforms, and regulatory compliance frameworks specific to simulated trading.
- Demonstrated ability to design, implement, and develop solutions to continuously improve risk management policies, procedures, and metrics in simulated trading.
- Experience leading geographically dispersed teams, including offshore or outsourced functions.
- Excellent analytical skills with the ability to assess complex data, identify risk trends, and develop actionable insights.
- Strong stakeholder management and communication skills, with the ability to collaborate cross-functionally.
- Experience managing withdrawal processes, transaction reviews, or payment systems in simulated trading.
- Proficiency in using risk and data analysis tools or platforms.
- Ongoing investment in your career development (technical and professional training)
- Wellness and lifestyle perks like monthly corporate massages
- Snacks and drinks available
- Drinks every Friday at 4pm
- Annual flu vaccinations
- Purchased leave
- Novated leasing options for vehicle financing and management
- Great CBD location with easy access to public transport
- Multicultural environment
- Collaborative team culture
- Regular social activities