Company Overview

The hiring organisation operates within the financial services and foreign exchange sector, where quantitative risk analysis supports the evaluation of market exposures and changing financial conditions. Its analytical activities focus on model-based assessment, scenario analysis, and the measurement of risks associated with currency-market movements.

Role Summary

The Quantitative Analyst will develop and validate models for measuring foreign exchange market risk, evaluating portfolio sensitivities, and assessing potential losses under different market scenarios. The position requires a sound understanding of financial mathematics, statistical modelling, and currency-market dynamics.

Working alongside risk, treasury, trading, and technology professionals, the analyst will help improve the reliability of risk measurements and ensure that model assumptions remain appropriate as market conditions evolve.

Key Responsibilities

• Develop quantitative methods for measuring FX exposure, currency volatility, and market risk.

• Analyse historical currency returns and estimate relevant statistical risk parameters.

• Support the calculation and evaluation of Value at Risk (VaR), expected shortfall, and currency sensitivity measures.

• Design stress-testing scenarios involving exchange-rate shocks, volatility changes, and market dislocations.

• Evaluate correlations and dependencies between currency pairs and other financial risk factors.

• Validate model assumptions, assess limitations, and investigate differences between expected and observed outcomes.

• Build automated analytical workflows for risk calculations and reporting.

• Work with risk and technology teams to improve model implementation and data reliability.

• Prepare technical reports explaining model methodology, results, and areas of uncertainty.

• Maintain model documentation and support periodic reviews of quantitative risk frameworks.

Requirements and Qualifications

• Bachelor’s or master’s degree in Quantitative Finance, Mathematics, Statistics, Econometrics, Physics, or a related discipline.

• Experience in quantitative risk, market-risk modelling, financial analytics, or FX risk analysis.

• Strong knowledge of statistical modelling, probability theory, and financial risk measurement.

• Practical experience with Python, R, MATLAB, or comparable analytical tools.

• Understanding of FX instruments, currency exposure, volatility, correlation, and market-risk concepts.

• Familiarity with VaR, expected shortfall, stress testing, and model validation techniques.

• Experience with SQL and financial data processing is an advantage.

• Strong analytical reasoning, technical writing, and attention to detail.

Benefits

• Fully remote working arrangement within Estonia.

• Opportunity to contribute to quantitative risk frameworks used in foreign exchange analysis.

• Collaboration with professionals in risk management, treasury, trading, and technology.

• Continued development in financial mathematics and risk modelling.

• A technically focused environment that values accuracy, documentation, and analytical integrity.

Application Instructions

Interested applicants should provide an up-to-date CV and cover letter through the official application channel specified by the hiring organisation. Candidates may include a relevant risk-modelling project, technical report, or code sample demonstrating experience with financial risk measurement and quantitative analysis.

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