Ready to leave your mark on the future of finance? Join an innovative team that is changing the financial industry by creating new solutions for millions of people around the world. At NAGA, we are revolutionizing finance by making trading and investing accessible to everyone with advanced tools that give power to all.
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At NAGA you are joining more than just a fintech company. You become part of a vibrant, diverse community of visionaries and problem-solvers fueled by curiosity and collaboration. Here, your influence goes beyond existing products - you are actively shaping the future of finance.
We have a start-up DNA and a corporate mindset. This means we are fast and flexible, like a start-up, but we are also committed to helping our people develop and thrive within our company. Thus, if you love a challenge, are passionate about making an impact and ready to grow alongside a dynamic, forward‑thinking team, this is where you belong.
Challenge yourself. Challenge the future. Join NAGA!
We are seeking a strategic and analytically driven Head of Risk Management to take full ownership of market risk across our CFD brokerage. Reporting directly to the CEO / CDRO, you will design and execute our risk management framework — including exposure management, hedging strategy, client flow analysis, and firm-wide risk controls.
This role is critical to protecting the firm's capital while optimizing the management of our client flow.
Location: Remote
What You’ll Own
Design and manage the firm's exposure management framework across all instruments and asset classes
Monitor and manage the firm's net open position in real time, ensuring exposure remains within defined risk appetite
Set and enforce risk limits at every level: per client, per instrument, per asset class, and firm‑wide
Develop and maintain flow classification models to optimize how client flow is managed
Develop and execute the firm's hedging strategy — deciding when, how, and with whom to hedge
Manage LP relationships from a risk perspective, including credit lines, margin requirements, and counterparty exposure
Optimize the balance between hedging cost and risk reduction
Flow Analytics & Data
Build and refine analytical models to assess client flow characteristics and risk profiles
Perform deep analysis of trading patterns, execution data, and P&L attribution
Deliver data‑driven insights to continuously improve execution and flow management
Champion a data‑first culture — every risk decision must be backed by numbers
Ensure the firm maintains adequate capital buffers and contingency plans for tail‑risk events
Conduct regular stress tests and present findings to senior management and the board
Produce daily, weekly, and monthly risk reports covering key metrics: VaR, net exposure, concentration risk, P&L attribution, and hedging costs
Own and continuously improve risk reporting systems, dashboards, and monitoring tools — you must deeply understand how these systems work and how to extract maximum value from them
Present risk dashboards and insights to the executive team and board
Work closely with Compliance to ensure margin requirements, negative balance protection, leverage limits, and all regulatory risk obligations are met
What We’re Looking For
Minimum 7–10 years of experience in risk management within a CFD brokerage, market maker, or similar environment, with at least 3 years in a senior role
Expert‑level understanding of exposure management, hedging strategies, and market risk frameworks in a retail brokerage context
Highly data‑driven — strong quantitative and analytical skills, comfortable building models, scoring frameworks, and working with large datasets
Deep understanding of risk systems, reporting tools, and real‑time monitoring dashboards — not just a user, but someone who can evaluate, improve, and build reporting infrastructure
Deep knowledge of FX, indices, commodities, and equity CFD risk dynamics
Proven ability to manage risk during high‑volatility events and market dislocations
Experience working within regulated environments (CySEC, FCA, ASIC, or equivalent)
Strong communication skills — able to translate complex risk concepts into clear recommendations for non‑technical stakeholders
Nice to Have
Programming / scripting skills (Python, SQL, R) for building risk models and analytics
Experience with crypto CFD risk management
Background in quantitative finance or financial engineering
Experience presenting risk reports to board‑level audiences
Familiarity with regulatory capital requirements (e.g., ICF, Pillar III)
Competitive base salary + performance‑based bonus + ESOP. Senior leadership position with direct influence on company strategy. Opportunity to shape and build a world‑class risk function. Collaborative, fast‑paced environment with a focus on technology and innovation.
Don’t miss your chance to be part of something extraordinary. xpzdshu Let’s meet and challenge the future together!
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Head of Risk Management • Madrid, Madrid, Spain
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