Director, FX & Rates Derivatives Market Risk

Mizuho EMEA; Greater London; Hybrid; GBP 150,000 - 210,000; Full time

Benefits offered by this job

Discretionary bonus

Non-contributory pension

Hybrid working

27 days annual leave

Wellbeing benefits

Job summary

Mizuho EMEA seeks a senior market risk professional to own risk oversight across the FX, FX options and fixed income derivatives portfolios. You will partner with trading, structuring and analytics teams to challenge models, pricing assumptions and hedging strategies.

The role requires deep quantitative expertise, strong communication to senior committees and a track record of risk ownership in complex derivative books. Hybrid working is offered with global cooperation.

Qualifications

• 8–10 years post-qualification market risk experience in FX options and/or rates derivatives.
• Independent risk ownership across vanilla and exotic FX options.
• Experience with stress testing methodology and scenario design.
• Regulatory familiarity with FRTB IMA/SA-TB.
• Strong Python for risk analytics and P&L explanation.
• Familiarity with data infrastructure and risk platforms such as Murex.

Responsibilities

• Own end-to-end market risk for FX, FX options and rates derivatives.
• Manage risk framework: daily risk reporting, P&L attribution, limits and escalation.
• Develop stress scenarios and present results to governance committees.
• Lead model governance input for FX and rates pricing models.
• Mentor risk analysts and drive continuous improvement within the team.
• Collaborate with traders, structurers and quants on approvals and hedging.
• Deputise for Head of Mizuho EMEA Market Risk Management on committees.

Skills

Quantitative depth

Python

Risk analytics

Stress testing

FX options risk

Rates derivatives risk

Model governance

Education

MSc or PhD in a quantitative field

CFA/FRM/PRM advantageous

Tools

Murex

Job description

Mizuho EMEA seeks a senior market risk professional to own risk oversight across the FX, FX options and fixed income derivatives portfolios. You will partner with trading, structuring and analytics teams to challenge models, pricing assumptions and hedging strategies.

The role requires deep quantitative expertise, strong communication to senior committees and a track record of risk ownership in complex derivative books. Hybrid working is offered with global cooperation.