Flow Trader is a leading global proprietary trading firm and a principal liquidity provider and market maker across ETFs, bonds, FX & Digital Assets. As an investment firm regulated under the IFR/IFD framework, risk management is central to how we grow responsibly. Our EMEA Risk team works hand-in-hand with Trading, Quant and Technology.

The Role

As a Senior Market Risk Manager, you will provide second-line oversight of market risk across all trading activities. Reporting to the Market Risk Lead, this senior individual contributor role is responsible for the day-to-day execution and continuous improvement of the market risk framework limits, monitoring, stress testing, and analytics. You will act as a trusted advisor to the trading desks, working closely to build a first-hand understanding of their strategies and exposures, translating that insight into a robust and commercially relevant risk framework. This is a senior specialist role without people management responsibilities.

Responsibilities

• Collaborate closely with trading desks to understand strategies, exposures, and emerging risks across ETFs, Fixed Income, FX, Digital Assets, and Options.
• Support the development and oversight of the market risk framework, including risk appetite, limits, stress testing, and intraday controls.
• Monitor portfolio risk, investigate breaches and P&L anomalies, and drive risk mitigation initiatives.
• Design and enhance cross-asset stress-testing, risk analytics, and monitoring methodologies in collaboration with Quant and Technology teams.
• Leverage AI and automation to improve risk monitoring, reporting, and operational efficiency.
• Support regulatory requirements (including ICARA/IFR-IFD), governance processes, audits, and risk committee reporting.
• Provide independent challenge on new trading strategies and mentor junior team members within the team.

Requirements

• 6-10 years of relevant experience in market risk, front-office risk, or trading, ideally at a proprietary trading firm, market maker, or investment bank.
• Hands-on experience across at least two of our core asset classes (ETFs, bonds, FX, Digital Assets, Options), with a willingness to grow across all of them.
• Experience in an IFR/IFD (or equivalent CRR/Basel) environment, including Internal Capital and Risk Assessment Process (ICARAP) or similar processes.
• Strong understanding of VaR, stress testing, Greeks, and concentration metrics; familiarity with options and derivatives preferred, particularly in the context of ETFs and Digital Assets.
• Proficient in SQL, Excel, and Python.
• Curiosity and hands-on interest in applying AI tools to improve risk processes and operational efficiency.
• Relevant university degree in a quantitative field (Finance, Mathematics, Physics, Engineering, Econometrics), ideally complemented by an FRM or CFA qualification.
• Independent judgment, credible challenge, and excellent communication skills with traders and senior management.
• Proactive, hands-on, and fluent in English.

What We Offer

At Flow Traders, we create the conditions for hard-working, high-performing people to do their best work. From thorough onboarding and ongoing access to Flow Academy, to the latest technology and a collaborative, non-hierarchical culture, we provide the tools, ownership, and support to move fast and drive outcomes. We maintain a close-knit, small-company feel while offering a competitive salary, annual discretionary profit share, and comprehensive benefits, fostering talent growth and retention. Benefits include:

• Flow Academy and opportunities to attend domain-related conferences.
• Daily catered lunch, great coffee, and a fully stocked kitchen and snack bar.
• In-house Bar and Lounge with arcade, table tennis, billiards, and game consoles.
• Company boat.
• In-house gym and sessions with our nutritionist or personal trainer.
• Bi-weekly massages.
• Annual company trip and a variety of events throughout the year, such as the New Year's Event.
• Global rotations across our offices worldwide.

Flow Traders does not accept unsolicited resumes from any professional staffing or search firms. All resumes and any other information identifying potential candidates submitted to any employee at Flow Traders via email, the Internet, or directly without a valid and signed search agreement will be deemed free to contact by Flow Traders without any restrictions, and no placement fee of any kind will be paid in the event the candidate is hired by Flow Traders.