541 Risk Analyst jobs in the United Kingdom

Role: Market Risk Analyst

Type: Full time

Industry: Commodity Trading

Location: London (hybrid)

A leading Commodity Trading firm are looking for a Market Risk Analyst to join their growing team. As part of the Market Risk team, you'll produce and analyze P&L and risk reports, ensuring accuracy and resolving discrepancies.

Key Responsibilities of the Market Risk Analyst include:

• Produce and analyze daily P&L and risk reports; investigate discrepancies
• Monitor and manage risk limit breaches; support limit changes or reallocations
• Identify and communicate key risk drivers to senior management
• Contribute to ETRM/reporting system enhancements and forward curve methodology
• Assist with month-end reconciliations and ensure compliance with controls/audits

Key Requirements of the Market Risk Analyst include:

• Previous experience in market risk within trading firms
• Strong knowledge of derivatives and risk metrics (VaR, stress testing etc)
• Proficient in Excel/VBA; knowledge of Python, SQL or ETRM systems is a plus
• Detail-oriented with strong analytical and communication skills

If you have the necessary experience and would like to find out more, please apply for immediate consideration!

Role: Market Risk Analyst

Type: Full time

Industry: Commodity Trading

Location: London (hybrid)

A leading Commodity Trading firm are looking for a Market Risk Analyst to join their growing team. As part of the Market Risk team, you'll produce and analyze P&L and risk reports, ensuring accuracy and resolving discrepancies.

Key Responsibilities of the Market Risk Analyst include:

• Produce and analyze daily P&L and risk reports; investigate discrepancies
• Monitor and manage risk limit breaches; support limit changes or reallocations
• Identify and communicate key risk drivers to senior management
• Contribute to ETRM/reporting system enhancements and forward curve methodology
• Assist with month-end reconciliations and ensure compliance with controls/audits

Key Requirements of the Market Risk Analyst include:

• Previous experience in market risk within trading firms
• Strong knowledge of derivatives and risk metrics (VaR, stress testing etc)
• Proficient in Excel/VBA; knowledge of Python, SQL or ETRM systems is a plus
• Detail-oriented with strong analytical and communication skills

If you have the necessary experience and would like to find out more, please apply for immediate consideration!

About Us:

Zenith Bank (UK) Limited (ZBUK) is a subsidiary of Zenith Bank PLC, the most profitable bank in Nigeria with an established trajectory of superlative performance, as well a strong pedigree of innovation, resilience, and market dominance. On an annual basis, Zenith Bank PLC amasses a string of notable awards; one of the most recent being listed as the sole Nigerian brand on the World’s top 100 companies in 2023 by the World Finance Magazine.

Zenith Bank (UK) Limited (ZBUK) was set up with a clear strategy to leverage trade and investment flows between Nigeria and Europe, by providing intermediary banking services and facilities for trade-related working capital and capital expenditure.

Zenith Bank recognizes the importance of leveraging a highly skilled workforce to achieve its strategic and operational goals. The bank is committed to providing an environment that is conducive for effective performance by availing all staff the necessary learning opportunity. We value the well-being of our staff and we encourage them to strike a balance between their work and personal lives, thereby creating a healthy atmosphere for personal development and career success.

With the introduction of new services here in the UK and our unparalleled knowledge of business with Africa, our 5 year strategy ensures “Controlled Growth” as we aim to become the Bank of choice for businesses wishing to transact in the African continent.

Role Overview:

Market Risk is a 2nd Line of Defence function primarily tasked with active monitoring of the banks risk portfolios to identify, monitor, and escalate (where necessary) risks and control findings effectively, to enable timely decision making by the CRO and wider ZBUK executive. Oversight extends to infrastructure, user activity and controls, compliance with Bank Risk Appetite and associated policy / project development to support the successful delivery of wider Risk projects and other regulatory publications / requirements.

Role Responsibilities:

Identification

• For agreed risks (split by asset class, risk policy or otherwise) develop a detailed understanding of the risks, maintain on an ongoing basis an up-to-date situational awareness of the risks.

Monitoring

• Actively monitor markets to assess the potential impact of market movements and wider economic activity on the bank’s portfolio of proprietary and client-based FX, trading, and banking book products.
• Monitor limits for the Trading and Non-Trading portfolios in accordance with ZBUK’s policies approved by the Board Risk Committee.
• Report on breaches of risk management policies, limits and / or controls.
• Produce daily market risk reporting and other ad hoc reporting for senior management, Treasury, and the Board.
• Present reports in a constructive, insightful, and effective way to ensure developing risks, issues and opportunities are easily understood for decision making purposes.
• Participate in the development of systems to assist in the evaluation and analysis of risk information.
• Work with a high degree of accuracy to ensure no restatement or reworking of positions / reports is required.
• To work closely with the CRO, and the wider Risk team in enhancing and implementing new MI reports for Market & Liquidity Risk for the identification, collection, and analysis of risk information. Enhancement and automation of risk reports and tools with Excel functions and Python
• Maintaining and updating internal procedures, RCSAs and process flows

Escalation

• Providing on a weekly basis Market Risk reports to the Market Risk Committee and the Asset and Liability Committee.
• Delivering management information efficiently and in a timely manner.
• Be aware of and ensure compliance at all times with all applicable legal and regulatory requirements.

Additional Responsibilities

• Keep up to date with industry best practice and regulatory developments where this affects the risk management of the organisation.
• Update regulatory documents and models to support the Manger of Market and Operational Risk.
• Be a self-starter with a proactive approach towards self-development and broadening skills set.
• Develop tools to effectively and independently validate daily reports from Finance on liquidity and capital.
• Support and contribute to wider Risk projects and objectives as reliable and conscientious team player.

Together with the duties listed above the Market Risk Analyst is required to assist with other analytical and project work and ad hoc duties assigned by the CRO and comply with the FCA/PRA’s Individual Conduct Rules, as outlined below.

Skills and Knowledge Required:

• At least 3-5 years’ experience in Market Risk.
• Degree in a numerical / financial discipline.
• Sound understanding of derivative and foreign exchange trading.
• Driven, ambitious, self-starter who can grasp a concept quickly and deliver a reasoned investigation and analysis.
• Attention to detail, to pick up on errors and produce accurate work, grasping of the reasons for a strong control environment and operating with this mentality.
• Knowledge of Basel II, Basel III, Risk and Capital requirements.
• Knowledge of Regulatory practices within Risk and Finance in financial services.
• Positive and approachable team player, effective and supportive in working with colleagues at all levels.
• Understanding of VaR and other measures of market exposures and accounting knowledge.
• Project management experience desirable.

Software Knowledge:

• Strong IT skills, Microsoft Office package MS Excel Advanced (Essential) Python (Essential) VBA (Desired).
• MS Word and MS Outlook.
• Experience with Bloomberg an advantage, Temenos (T24).
• Calypso (Advantageous).

Specific Product knowledge required:

• Essential: Interest Rate Futures, Foreign Exchange, Interest Rate Swaps, Bonds and NDFs.
• Desired: Wholesale Money Market and Trade Finance Products.
• Desired: Awareness of Liquidity regulatory requirements.

This is a permanent position, paying up to £70,000 based on experience.

The Pepperstone story started in 2010. We know what it’s like to trade the world’s markets. Our team describes us as a place for the curious and the driven, and we like to do things a little differently; as a transformative global fintech, we’re digital, nimble, connected, and united in our vision to create a better way to trade.

We thrive on progress – for our clients and for ourselves. Our organisational culture is ever-evolving, vibrant, diverse, global, and results-focused.

You’ll find our 550+ team currently across 11 locations and 9 time zones.

The Role

The Market Risk Analyst - Dealer role exists to ensure Pepperstone’s market risk is monitored and controlled to the best of our ability.

Based on a solid understanding and knowledge of financial markets and the CFD industry, the Market Risk Analyst has discretion within agreed boundaries, ensuring Pepperstone remains agile and responsive in the face of rapidly changing market conditions.

As our Market Risk Analyst, your key responsibilities will include:

• Proactively monitor market risk exposure across asset classes to ensure we maintain value at risk and exposure limits
• Actively minimise group market risk through the trading of financial instruments and escalate as required
• Proactively analyse flow across several asset classes and ensure that flow is monetised effectively
• Engage and contribute to ongoing Market Risk and Trading Operations projects relating to electronic trading infrastructure
• Liaise with prime brokers and liquidity providers to maintain and enhance operations as required
• Execute and manage the continuous rolling of spot FX and metals positions past settlement dates with the prime broker
• Support the efficient operations of our client trading environments, technical performance of the liquidity providers and trading infrastructure
• Prepare reports/analysis as required by your immediate manager and/or senior management
• Effectively consult and communicate with internal and external stakeholders such as Operations, Customer Services, Sales, Marketing, and Compliance
• Provide input to trading product roadmaps for the Pepperstone group
• Work collaboratively with others across multiple channels and teams to foster a collaborative culture and help mentor and support team members
• Support internal Enterprise Risk & Compliance teams as appropriate
• Ensure compliance with key regulatory obligations
• Work across time zones, flexibly as required

About you

• Solid market risk and trading experience within a reputable FX/CFDs Broker
• Relevant certifications in Business or Finance
• Exceptional understanding of market risk management processes and dealing systems
• Exceptional understanding of maintaining, monitoring, and administering trading platforms (MT4/MT5), trading infrastructure, and bridge technologies
• Highly numerate, with the ability to clearly articulate data-driven business insights
• Excellent communication skills, both written and verbal
• Ability to translate complex trading language and concepts into plain English
• Ability to adapt to ongoing change in a fast-paced and, at times, demanding environment
• Ability to highlight market risk issues accurately and in a timely manner
• Ability to meet deadlines, make independent decisions, and utilise sound judgement
• Ability to role model Pepperstone’s values
• Ability to work across other time zones as required
• Demonstrated commitment to quality and continuous improvement

Why you will enjoy working with us

• Competitive salary structure including company bonus scheme 

• Annual remuneration review 

• Employee referral bonuses for referring top talent to the company 

• Genuinely collaborative and friendly culture 

• Flexible and hybrid working 

• Remote working option - work from anywhere for up to 6 weeks per year 

• Ongoing personal development & learning opportunities 

• 3 paid volunteering days per year & Workplace Giving Program 

• 10 days of Company paid sick leave annually 

• 25 days of paid vacation annually 

• Employee monthly & quarterly recognition programs for outstanding performance and achievements 

• Frequent events and celebrations 

• Pension fund 

• Employee Assistance Program & Wellbeing 

• Comprehensive medical group insurance & gym discount for those who choose to enroll in medical insurance  

• Cycle to Work Scheme 

More About Pepperstone  

We’re a regulated online Forex and CFD trading platform. With the scale of a global fintech and the agility of a start-up, we arm our clients with everything they need to take on the global markets with confidence. You will be part of a wider passionate and friendly team, and whilst things may not always go to plan, we learn quickly and move forward with impact. To learn even more visit Pepperstonecareers and  

We understand it’s important to do due diligence on a prospective employer, see what our team are saying on Glassdoor . We respect our team members’ experiences and will never pay to remove a negative review. 

Pepperstone is an equal opportunity employer. We are passionate about building a diverse workplace and strongly encourage applications from any background. 

“We are a 2025 Circle Back Initiative Employer – we respond to every applicant”. 

We will be reviewing applications as they come through, so if this is an opportunity that excites you, don't wait. Express your interest by clicking the apply button below as soon as possible. 

Note to external agencies: While we appreciate the efforts of external recruitment agencies, we prefer to engage directly with applicants for this opportunity. 

#Li-Hybrid 

• Analyze and quantify market risk exposures arising from interest rate, foreign exchange, equity, and commodity positions.
• Develop, implement, and maintain market risk models, including VaR (Value at Risk) and stress testing methodologies.
• Monitor risk limits and investigate breaches, escalating issues as necessary.
• Prepare comprehensive market risk reports for senior management, regulatory bodies, and internal stakeholders.
• Conduct deep-dive analysis on specific risk factors and their potential impact on the firm's P&L.
• Collaborate with trading desks, finance, and IT teams to ensure accurate data capture and risk assessment.
• Contribute to the enhancement of risk management systems and processes in a remote working environment.
• Stay current with market developments, regulatory changes, and best practices in market risk management.
• Provide training and guidance to junior analysts within the risk team.
• Participate in ad-hoc risk projects and initiatives as required.

• Master's degree or Ph.D. in Finance, Economics, Mathematics, Statistics, or a related quantitative discipline.
• Minimum of 5 years of experience in market risk management, trading, or a related quantitative finance role.
• Strong understanding of financial instruments, derivatives, and market dynamics.
• Proficiency in risk modeling techniques (VaR, Expected Shortfall, scenario analysis).
• Advanced knowledge of statistical software and programming languages (e.g., R, Python, SQL).
• Excellent analytical, problem-solving, and quantitative skills.
• Strong communication and presentation skills, with the ability to explain complex risk concepts clearly.
• Proven ability to work independently, manage priorities, and deliver results in a fully remote setting.
• Familiarity with regulatory frameworks such as Basel III/IV is a plus.