Head of Risk Management

Responsibilities

• Define and maintain Flipster’s enterprise risk management strategy, risk appetite, and tolerance thresholds in alignment with regulatory expectations and business objectives.
• Serve as the principal advisor to the Board and CEO on all risk-related matters.
• Stay ahead of industry trends, regulatory changes, and emerging risks to adapt our strategies and risk appetite accordingly.
• Build, operationalize, and evolve a risk governance framework covering market, credit, liquidity, operational, product, technology, cybersecurity, people, and third-party (outsourcing) risks.
• Lead the Risk Committee and ensure periodic risk reviews and Board reporting.
• Conduct dynamic and ongoing risk assessments with emphasis on market volatility, counterparty exposure, liquidity stress, and regulatory compliance.
• Develop and maintain robust quantitative and qualitative risk measurement tools and indicators.
• Analyze crypto assets and investment strategies for potential risks and vulnerabilities, and develop effective mitigation strategies while evaluating new investment opportunities.
• Collaborate cross-functionally with business units to refine risk controls and support new product development.
• Partner with Legal, Compliance, Product, and Operations teams to embed risk controls into workflows and support strategic initiatives.
• Cultivate strong relationships with regulatory bodies, industry associations, and auditors to ensure unwavering compliance.
• Act as the key point of contact for VARA and other relevant regulators, ensuring timely submission of risk reports and regulatory updates.
• Represent Flipster in industry risk forums and engage with external auditors and consultants.
• Lead incident response and crisis management efforts across business units.
• Work hand-in-hand with the Chief Information Security Officer (CISO) to develop and maintain Business Continuity and Disaster Recovery (BCP/DR) plans.
• Establish and manage constructive relationships with insurance partners to ensure appropriate coverage—including custody and Directors & Officers (D&O) insurance—and to support effective risk transfer strategies in the event of cyber incidents, asset loss, or other operational disruptions.

Qualifications

• Bachelor’s or Master’s degree in Finance, Risk Management, Economics, Engineering, or a related field.
• Minimum 10 years of progressive experience in risk management within regulated financial services, including at least 3 years in digital asset or crypto platforms.
• Strong understanding of Blockchain and cryptocurrency specific risks.
• Expertise in designing and managing enterprise-wide risk frameworks, policies, and tools.
• Strong knowledge of quantitative risk metrics, Value at Risk (VaR), stress testing, and exposure modeling.
• In-depth understanding of UAE and global crypto regulatory frameworks, particularly VARA’s rulebooks and risk-related requirements.
• Exceptional analytical and critical thinking skills.
• Strong communication skills with the ability to convey complex risk issues to senior stakeholders and regulators.
• Proven leadership and collaboration skills across functional teams and geographies.

Preferred

• Professional certifications (e.g., FRM, CFA, PRM, CAMS, CISA, CRISC) are highly preferred.

Interview Process

• CV/Resume Screening
• 1st Round Interview
• 2nd Round Interview
• 3rd Round Interview