Job Overview

We are seeking a detail-oriented FX Market Risk Analyst to monitor, assess, and report foreign exchange risk exposures across trading portfolios and currency positions. The successful candidate will play an important role in identifying market vulnerabilities, evaluating potential losses under changing market conditions, and ensuring that trading activities remain within established risk limits.

Based in Estonia, this position offers an opportunity to work alongside trading, treasury, quantitative research, and risk management professionals in a financial markets environment. The ideal candidate will possess strong analytical capabilities, a solid understanding of foreign exchange markets, and the ability to translate complex market data into actionable risk insights.

Key Responsibilities

• Monitor foreign exchange exposures across currency pairs, trading books, and financial instruments.

• Analyse market risk arising from exchange-rate fluctuations, interest-rate movements, volatility changes, and liquidity conditions.

• Calculate and review risk indicators, including Value at Risk (VaR), stress-testing results, sensitivity measures, and potential exposure concentrations.

• Track trading positions against approved risk limits and escalate material breaches or emerging concerns.

• Conduct scenario analysis to evaluate the potential impact of central bank decisions, economic announcements, geopolitical events, and extreme market movements.

• Prepare daily and periodic risk reports covering portfolio exposure, trading performance, limit utilisation, and significant market developments.

• Investigate unusual position movements, valuation discrepancies, and changes in portfolio risk profiles.

• Collaborate with traders and quantitative analysts to assess hedging effectiveness and understand the risk implications of proposed trading strategies.

• Support the review and improvement of risk measurement methodologies, reporting processes, and monitoring tools.

• Maintain accurate documentation of risk assessments, control procedures, and escalation activities.

• Contribute to the development of dashboards and automated reporting solutions that improve the visibility of FX risk exposures.

• Ensure risk monitoring activities align with internal policies and applicable regulatory requirements.

Qualifications and Experience

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Accounting, or a related discipline.

• Relevant experience in market risk, treasury risk, FX trading support, financial analysis, or risk reporting.

• Strong understanding of foreign exchange markets, currency exposures, forward contracts, and basic derivatives.

• Knowledge of risk measurement techniques, including VaR, stress testing, sensitivity analysis, and scenario modelling.

• Proficiency in Microsoft Excel and financial data analysis; experience with Python, SQL, or Power BI is advantageous.

• Ability to interpret market data and identify patterns that may indicate increasing financial risk.

• Familiarity with financial risk management frameworks, internal control procedures, and regulatory reporting principles.

• Excellent numerical reasoning, analytical judgement, and attention to detail.

• Strong written and verbal communication skills, with the ability to present risk findings clearly to technical and non-technical stakeholders.

Performance Expectations

The successful candidate will be expected to deliver accurate risk reporting, identify emerging market exposures promptly, maintain reliable monitoring processes, and communicate material risk developments effectively. Success will be measured by reporting quality, analytical accuracy, timely escalation, and the contribution made to the organisation’s risk management framework.

What We Offer

• A professional opportunity within Estonia’s financial services and fintech sector.

• Exposure to foreign exchange markets, derivatives, portfolio risk analysis, and quantitative risk tools.

• Collaboration with experienced financial markets and risk management professionals.

• Opportunities to develop technical expertise in risk analytics, reporting automation, and financial modelling.

• Competitive compensation based on qualifications, experience, and responsibilities.

Ideal Candidate: An analytical finance professional who understands currency markets, approaches risk assessment methodically, and can turn market data into clear, reliable risk intelligence.

Are you interested in this position?

Apply by clicking on the “Apply Now” Button below!

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