Senior Risk Officer

About the Role

moomoo is seeking a Senior Risk Officer to manage daily risk mitigation and monitoring for the firm’s credit, collateral, and operational risk portfolios. This full-time position, based in Riyadh, Riyadh Province, focuses primarily on margin lending and financing operations. The Senior Risk Officer will report to the Head of Compliance and ensure all trading accounts comply with local regulatory mandates.

Key Responsibilities

The Senior Risk Officer will be responsible for a range of duties across risk management, including:

• Actively tracking internal process failures, validating manual system entries, enforcing dual controls, and logging operational risk incidents.
• Ensuring no margin transaction occurs without validating mandatory initial and maintenance margin thresholds.
• Assessing client financial profiles using the internal credit scorecard to assign and review appropriate margin limits.
• Monitoring daily margin usage, blocking unauthorized limit extensions, and immediately escalating unauthorized breaches to senior management.
• Verifying that margin trading transactions are restricted from unapproved, highly speculative, or derivative financial instruments.

Collateral and Liquidation Management

This role involves managing collateral and overseeing liquidation processes to mitigate risk exposure:

• Evaluating eligible stocks to assign Initial Margin ratios and risk groups, ensuring high-risk or "red-colored" stocks are restricted.
• Tracking total credit exposure per stock across all client portfolios to prevent excessive single-stock concentration.
• Recommending and directing forced liquidations for unsettled margin calls, prioritizing assets systematically from high-risk to higher-quality holdings.

Operational Risk and Process Controls

The Senior Risk Officer will establish and maintain robust operational risk controls:

• Establishing processes to assess and mitigate risks associated with new products, services, distribution channels, or system enhancements.
• Sample testing and validating manual entries, correction entries, and account regularizations within core systems.
• Coordinating with department heads to ensure procedures are updated regularly to include controls for new business processes.
• Monitoring, investigating, and updating management on significant reportable events such as incidents, complaints, claims, errors, rule breaches, and fraud.

Governance and Integrated Reporting

This position includes responsibilities for risk governance and reporting:

• Preparing the annual risk assessment plan and recommending policy adjustments in light of the firm's changing risk appetite.
• Providing continuous risk identification and mitigation support to business lines and department heads.
• Producing timely, accurate, and meaningful risk exposure dashboards and reports for the Board and Group Risk.
• Working closely with internal audit and compliance to perform integrated control reviews and track regulatory requirements.

Qualifications and Experience

Candidates should possess 3-6 years of relevant experience in risk management, with a focus on credit, collateral, and operational risk within financial services. The role requires a strong understanding of margin lending and financing operations, as well as local regulatory mandates.