Market Risk Analytics - Associate

As an Analyst within the Risk Analytics Group at in London, you will immerse yourself in a dynamic environment where your quantitative acumen will be central to developing robust market risk models. Your day-to-day responsibilities will involve collaborating with talented colleagues across multiple departments to enhance existing models, validate new approaches in line with evolving regulations such as FRTB, and implement system improvements that strengthen operational resilience.

You will be expected to investigate complex issues as they arise, propose practical solutions grounded in sound analysis, and communicate findings effectively to stakeholders at various levels. By supporting both routine tasks and ad-hoc projects—ranging from technical model enhancements to broader risk function initiatives—you will help ensure that risk management framework remains best-in-class. Success in this role requires not only technical proficiency but also a proactive mindset, strong interpersonal skills, and a genuine enthusiasm for working together towards shared objectives.

• Assist with the development and ongoing maintenance of sophisticated market risk models that support Value at Risk (VAR), Incremental Risk Charge (IRC), and related capital metrics.
• Contribute to the design and execution of model validation tests by evaluating both model assumptions and their implementation to ensure accuracy and compliance.
• Investigate issues identified during model testing or operation, proposing effective solutions and planning changes to address any weaknesses or gaps.
• Specify requirements for system enhancements and rigorously test changes to ensure improvements are implemented effectively within existing frameworks.
• Enhance operational controls around risk models by identifying areas for increased robustness and recommending new control measures as needed.
• Support business units and the market risk department by conducting thorough investigations into specific issues or requests related to risk analytics.
• Participate in ad-hoc projects that require close collaboration with colleagues in market risk analytics, model validation, IT development, and project management teams.
• Proactively contribute to wider initiatives within the Risk function by sharing insights, participating in group discussions, and supporting collective goals.
• Ensure all activities comply with relevant regulatory requirements
• Communicate clearly with management regarding progress on model development, validation outcomes, operational improvements, and any emerging risks.

What you bring:

To excel as an Analyst – you will bring proven experience from within the financial services sector where you have applied your advanced quantitative training—ideally at MSc level or higher—in practical settings. Your background should include exposure to financial instruments such as derivatives along with familiarity in their pricing mechanisms. Technical proficiency is key: you should be comfortable leveraging tools like Excel (including VBA) as well as programming languages such as Python or R for data-driven analysis.

Beyond technical skills, your ability to communicate complex concepts clearly across varied audiences will set you apart. You thrive when working collaboratively within multidisciplinary teams—valuing open dialogue—and demonstrate resilience when managing competing priorities under tight deadlines. Your keen eye for detail ensures precision in every aspect of your work while your adaptable nature allows you to respond constructively as new challenges emerge.

Above all else, your commitment to integrity aligns seamlessly with core values.

• A postgraduate degree (MSc or above) in computer science, mathematics/statistics, finance or a closely related discipline demonstrating advanced quantitative capabilities.
• Solid understanding of financial markets and products including derivatives; familiarity with pricing principles is essential for effective model development.
• Experience working within a financial services firm where you have contributed to risk-related roles or similar analytical functions.
• Excellent command of Excel coupled with hands‑on experience…