Company Overview

The organisation operates in the foreign exchange and digital financial services industry, supporting trading activities and portfolio management across currency markets. Its risk management function works to protect trading capital, improve visibility into market exposures, and support sustainable trading performance through independent risk oversight.

Role Summary

The Senior FX Market Risk Manager will lead the assessment and monitoring of market risk across foreign exchange trading portfolios. The position focuses on portfolio-level exposure analysis, risk model oversight, scenario testing, and the development of effective controls for volatile market conditions. The successful candidate will work closely with trading and senior risk stakeholders to ensure that risk-taking remains within approved parameters and that material exposures receive appropriate attention.

Key Responsibilities

• Oversee daily market risk measurement across spot FX, forwards, swaps, and relevant currency derivatives.

• Assess portfolio exposures, directional concentrations, basis risk, and sensitivity to currency price movements.

• Develop and maintain stress-testing frameworks that reflect historical market disruptions and forward-looking scenarios.

• Review VaR results, backtesting outcomes, and risk model assumptions to identify potential weaknesses.

• Monitor trading performance and exposure against approved risk appetite, position limits, and loss thresholds.

• Produce detailed risk reports and communicate significant developments to senior management and trading leadership.

• Lead investigations into recurring limit breaches, unexpected losses, and discrepancies in risk measurements.

• Partner with quantitative analysts and technology teams to enhance risk dashboards, data quality, and reporting automation.

• Support internal reviews of market risk policies, control frameworks, and regulatory reporting processes.

Requirements and Qualifications

• Bachelor’s degree in a quantitative or finance-related discipline; a master’s degree is an advantage.

• At least seven years of experience in market risk management, FX risk, quantitative risk analysis, or trading risk oversight.

• Demonstrated understanding of FX derivatives, portfolio risk, currency correlations, and market liquidity dynamics.

• Strong experience with VaR, expected shortfall, stress testing, backtesting, and sensitivity-based risk measures.

• Proficiency in Python, SQL, advanced Excel, or comparable analytical tools.

• Experience interpreting complex trading data and translating findings into practical risk controls.

• Strong stakeholder management, written communication, and decision-making skills.

• Knowledge of relevant EU financial services requirements and established market risk practices.

Benefits

• Fully remote working opportunity from Estonia, subject to applicable employment arrangements.

• Senior-level involvement in portfolio risk oversight and risk framework development.

• Access to complex foreign exchange markets and quantitative risk initiatives.

• Opportunities for continued professional development and technical specialisation.

• Competitive remuneration aligned with experience and role scope.

Application Instructions

Candidates should submit a current CV detailing their senior FX risk experience, portfolio monitoring responsibilities, and expertise in risk modelling and stress testing. Applicants are encouraged to highlight measurable improvements to risk controls, reporting processes, or trading exposure management. Submission details should be obtained from the recruiting organisation.

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