Director – Market Risk, Spread Products

Mizuho•New York, NY

9d•$160,000 - $235,000•Hybrid

About The Position

Risk Manager responsible for supervising Market Risk for Spread Products areas. Key tasks include: shaping limits framework and managing desks’ daily compliance with the limits, interpretation and challenge of risk trends (VaR, risk sensitivities, stress testing, etc.); decision making around trade reviews, risk assessments and pre-approvals; monitoring of market conditions, interpretation of trading patterns and exposure trends; leading deployment of new products, reviewing policies and methodologies, improving reports, models and risk analytics across covered products.

Requirements

10+ years of experience in market risk management required.
Direct experience with Spread Products market risk is required, including 5+ years covering Agency Securitized Products.
Excellent quantitative, analytical and communication skills.
Ability to work under pressure with tight deadlines in a trading desk environment.

Nice To Haves

Master’s degree in a quantitative field is preferred.
Bloomberg, Intex, PolyPaths, Murex, SQL, Python, AI tools proficiency is a plus.
Proficiency with FRTB is a plus.

Responsibilities

Leading Market Risk monitoring, analysis, and reporting.
Strengthening risk controls, improving business policies, procedures and methodologies, challenging trading mandates.
Partnering with Trading Heads for Agency (MBS/TBAs/CMOs) and Non-Agency Securitized Products (ABS/CLO/RMBS/CMBS), Corporate Credit (IG/HY/EM Bonds/Lev Loans/CDS/CDX) and Municipal Products to ensure well balanced risk taking to meet business goals.
Interpreting in-depth market surveillance in the context of portfolio dynamics for senior management, regulators, and other stakeholders.
Leading internal projects to ensure market risk systems improvements in support of existing and new products.