Vice President – Market Risk, Spread Products

Mizuho•New York City, NY

11d•Hybrid

About The Position

Summary Risk Manager responsible for overseeing Market Risk for Spread Products areas. Some of the key tasks include: working with trading desks to comply with risk framework/limits, understand and explain changes in risk (VaR, risk sensitivities, stress testing results, etc.); trade reviews, risk assessments and pre-approvals, analysis of market conditions, trading patterns and exposure trends; working with various functions to deploy new products and review policies and methodologies, improve reporting, models and risk analytics across covered products.

Requirements

5+ years of experience in market risk management required.
Direct experience with Spread Products market risk is required.
Demonstrable quantitative, analytical and communication skills.
Strong attention to detail, self-learner, can develop creative solutions to new problems.
Ability to work under pressure with tight time schedules in a trading desk environment.

Nice To Haves

Master’s degree in a quantitative field is preferred.

Responsibilities

Market Risk monitoring, analysis, and reporting.
Maintain and develop strong controls around risk exposures in compliance with business policies and procedures, methodologies and trading mandates.
Work closely with traders covering 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 compliance with limits and risk appetite.
Produce market commentaries and analysis of portfolio changes for senior management, regulators, and auditors.
Work on projects to ensure market risk systems improvements in support of new products.