# Analyst, Quantitative Analyst - Risk Analytics Group [MUFG](https://www.jorb.ai/firms/mufg.md) · London · United Kingdom · [Risk & Compliance](https://www.jorb.ai/jobs/risk-compliance.md) MUFG is hiring a Analyst, Quantitative Analyst - Risk Analytics Group in London. Posted 2026-04-16; applications close 2026-06-15. **Apply**: https://mufgub.wd3.myworkdayjobs.com/MUFG-Careers/job/London/Analyst--Quantitative-Analyst---Risk-Analytics-Group_10071154-WD Posted 6d ago. ## Role details ## Overview MUFG — Mitsubishi UFJ Financial Group — is one of the world’s leading financial groups with approximately 150,000 colleagues. We are committed to building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. Our culture focuses on putting people first, listening to diverse ideas, and collaborating toward greater innovation, speed, and agility. We invest in talent, technologies, and tools to empower you to own your career. Join MUFG, where being inspired is expected and making a meaningful impact is rewarded. ## Department / Section The Risk Analytics Group (RAG) is a specialized area within the Risk Department, responsible for Market Risk Models, Capital Models, Counterparty Exposure Models, and Pricing Model Validation. Team members have strong quantitative skills, and the team head reports to the local and international Chief Risk Officer. ## Role Overview **Main purpose of the role:** The Counterparty Exposure Analytics and Standardised Models sub-team of RAG develops and maintains models for Potential Future Exposure (PFE), Standardised Initial Margin Model (SIMM), and FRTB-ASA (Fundamental Review of the Trading Book, Advanced Standardised Approach). The team also covers stress testing models and the Standardised Approach for Credit Valuation Adjustment (SA-CVA). ISDA SIMM is used for Initial Margin. PFE models measure Counterparty Exposure, internal control limits, and contribute to economic capital calculations. The PFE simulation covers Rates, FX, Credit, inflation, Equity, and Bond Spreads across derivatives, Repo, and Securities Borrowing and Lending transactions. The successful candidate will be responsible for Initial Margin calculations and ongoing performance tests. The model is an internally developed implementation of the ISDA model, which is sensitivity-based. The role includes other tasks within the sub-team, such as pre-trade PFE analytics to support Front Office recalibrating model parameters, stress PFE metrics, and PFE model performance monitoring. The role reports to the Head of Counterparty Exposure Analytics and Standardised Models. The candidate will work closely with other RAG members, Credit Risk Management, IT development teams, risk model validators, Legal, Operations, Data, and Front Office teams. The successful candidate will work in an inclusive and proactive way, ensuring the team leads in new model development and resolves issues as they arise, communicating clearly in management reports. ## Key Responsibilities In this role, you will be responsible for counterparty risk modelling across MUFG’s banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, irrespective of the employing entity. You will: - Maintain specifications of the SIMM risk model calculation and its inputs - Specify and test system changes to implement improvements - Develop, maintain and improve counterparty exposure models - Assist with PFE model development and maintenance, including calibration and back-testing - Review stress exposure metrics - Test risk output for new products to be handled in the models - Run model performance tests for both model assumptions and implementation, and improve this process - Analyze results of ongoing model performance tests, investigate issues and escalate results where appropriate - Prepare summary reporting to model oversight committee, MUFG Group, and to regulators - Improve existing operational controls around the models and propose new ones to increase robustness - Develop the SIMM analytics library Python package - Support business and credit department requests in investigations into pre-trade calculations - Support Legal and Operations departments in managing counterparty relationships - Participate in ad-hoc projects, including collaboration with Market Risk Analytics and model validation - Proactively contribute to wider Risk function initiatives and projects ## Work Experience **Essential:** - Previous experience in pricing models - Approximately 2 years of total relevant experience **Preferred:** - Previous experience in a risk-related role - Experience in SIMM, FRTB-ASA, or exposure models - Experience in banking, consulting, auditing, or other relevant financial services ## Skills and Experience **Required** - Finance or highly numerate education (Maths, Statistics, Engineering, Computer Science, Finance) - Understanding of financial markets and products including derivatives - Familiarity with principles of derivatives pricing - Experience with Python, R, Excel, or VBA **Desirable** - Understanding of counterparty exposure measures such as PFE, EE, CVA - Knowledge of advanced programming languages (C#, C++) - Knowledge of stochastic calculus ## Personal Requirements - Excellent communication skills with the ability to adjust to different audiences - Highly motivated and innovative, able to work on own initiative - Excellent accuracy and attention to detail with an analytical mindset - Good team player with a professional attitude - Good time management and ability to prioritise - Ability to manage large workloads and tight deadlines, balancing urgent tasks and longer-term projects - Strong decision-making skills and sound judgement - Strong problem-solving and numerical skills We are open to considering flexible working requests in line with organisational requirements. ## Company Commitment MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued and respected. We support equality, diversity, and inclusion in recruitment and employment and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief, and marriage or civil partnership. 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