Director – Market Risk, Spread Products

Mizuho; New York (NY); Hybrid; USD 160,000 - 235,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

401K plans

Discretionary bonus

Job summary

Mizuho is seeking a Risk Manager to supervise Market Risk for Spread Products. Responsibilities include monitoring market risk, improving risk controls, and leading internal projects to enhance risk systems.

Applicants should possess 10+ years of experience in market risk management, direct experience with Spread Products, and excellent analytical skills. The position offers a salary range of $160,000 - $235,000, plus benefits.

Qualifications

• 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.
• Ability to work under pressure with tight deadlines in a trading desk environment.

Responsibilities

• Leading Market Risk monitoring, analysis, and reporting.
• Strengthening risk controls and challenging trading mandates.
• Partnering with Trading Heads to ensure well balanced risk taking.

Skills

Market risk management

Analytical skills

Communication skills

Education

Master’s degree in a quantitative field

Tools

Bloomberg

SQL

Python

AI tools

Job description

Summary

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.

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.

Qualifications

• 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.
• Master’s degree in a quantitative field is preferred.
• Excellent quantitative, analytical and communication skills.
• Bloomberg, Intex, PolyPaths, Murex, SQL, Python, AI tools proficiency is a plus.
• Proficiency with FRTB is a plus.
• Ability to work under pressure with tight deadlines in a trading desk environment.

Salary and Benefits

The expected base salary ranges from $160,000 - $235,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, including Medical, Dental and 401K plans, successful candidates are also eligible to receive a discretionary bonus.

Other Requirements

Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process.

Equal Opportunity Statement

We are an EEO/AA Employer - M/F/Disability/Veteran.

We participate in the E-Verify program.

We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.