Junior Quant Market Risk Analyst

Overview

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 Junior Quantitative Market Risk Analyst is an entry-level role in the Market Risk department, focusing on market risk management and quantitative analysis. You will work with a global team to analyze client trading behavior, assess risk, and develop quantitative models for pricing and risk management across various asset classes, including FX, metals, crypto, and more.

Responsibilities include:

• Researching and back-testing analytical models, enhancing internal risk methodologies, and developing tools for market risk monitoring.
• Providing vital analytical support to the Head of Market Risk - EMEA, engaging in pricing analysis, and collaborating closely with trading and development teams.
• Staying updated on market trends and industry developments to support the firm’s market risk framework evolution.

Key responsibilities:

• Support the design and implementation of data-driven quantitative strategies within a fast-paced brokerage trading environment.
• Assisting in the preparation of risk reports and analyses for the Head of Market Risk, General Manager – Operations, Risk and Analytics, Senior Management, and other stakeholders.
• Research, develop, and back-test quantitative models for pricing, hedging, and risk management across multiple asset classes, including FX, metals, crypto, energies, and equities.
• Develop, test, and maintain internal tools that automate trading operations and improve team efficiency.
• Monitor the performance of live models and systems, proactively identifying issues and implementing enhancements to optimize results.
• Supporting the monitoring of the group’s overall market risk to ensure adherence to risk limits.
• Collaborating with senior team members to contribute to the management and reduction of group risk through financial instruments.
• Highlighting potential issues or risks to the Head of Operations, Head of Market Risk, or global compliance functions for review and resolution.
• Aiding with the monitoring of back-end pricing systems and infrastructure to ensure smooth operations.
• Conducting research and contributing to analyses of Pepperstone’s pricing and competitor offerings, while suggesting potential improvements or opportunities.
• Assisting in reviewing potential new products and conducting market research to inform decision-making.
• Supporting clear and transparent communication with stakeholders regarding products, market events, and risks.
• Helping to identify and escalate potential cases of market abuse or malicious trading activities to the compliance team.
• Assisting in the assessment of client trading activities to support effective risk management decisions and counterparty allocation.
• Working closely with senior team members on tasks such as best execution reporting, trade reporting, and fulfilling other regulator requirements.

About you:

• Bachelor's or Master's degree in a quantitative field such as Mathematics, Physics, Statistics, Computer Science, or Engineering.
• Strong proficiency in Python, including libraries like Pandas, NumPy, and Scikit-learn for data manipulation, analysis, and model building.
• Ability to work in a high-pressure environment, multi-task, prioritise and meet strict deadlines.
• Sharp problem-solving skills with a keen interest in applying rigorous quantitative techniques to financial markets.
• Strong communication skills, combined with a collaborative mindset and eagerness to learn in a team-oriented setting.
• A foundational understanding of financial markets with an eagerness to deepen knowledge.
• Strong analytical and mathematical skills, with a keen eye for detail.
• Strong problem-solving and critical thinking abilities, with a willingness to learn and apply new techniques.
• A team player with the ability to collaborate effectively across teams, functions, and time zones.
• Solid verbal and written communication skills, and a professional yet approachable interpersonal style.
• Motivated, flexible, and open to learning, with a positive attitude and a desire to grow within the role.
• Committed to ongoing personal and professional development.
• Strong organisational and time-management skills, with an ability to balance tasks and meet deadlines under guidance.
• Alignment with Pepperstone’s values and a desire to contribute to its success.

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 enrol 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 www.linkedin.com/company/pepperstone/.

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.