Market Risk Manager – Rates & FX Derivatives

Mizuho Financial Group Inc.; New York (NY); Hybrid; USD 170,000 - 235,000; Full time

Job summary

This innovative firm is seeking an experienced Market Risk Manager to oversee a multi-asset derivatives business. You will collaborate with traders to analyze and explain changes in Value at Risk (VaR) and limit usage, ensuring robust risk management practices are in place. The role requires a strong quantitative background and the ability to produce detailed analyses for senior stakeholders. Join a leading financial institution that values creativity and analytical skills, and be part of a dynamic team that drives strategic decision-making in a fast-paced environment. If you thrive under pressure and are passionate about market risk, this opportunity is perfect for you.

Qualifications

• 8+ years of experience in market risk management required.
• Proven experience in Rates and FX derivatives required.

Responsibilities

• Explain changes in daily VaR, SVaR, and FRTB charges.
• Produce commentary detailing market changes for senior management.

Skills

Market Risk Management

Quantitative Analysis

Analytical Skills

Stress Testing

Risk Sensitivity Analysis

Communication

Education

Master’s degree in a quantitative field

Job description

Market Risk Manager – Rates & FX Derivatives

Market Risk Manager – Rates & FX Derivatives

Apply locations New York, NY (1271 AOA/6th Ave) time type Full time posted on Posted 2 Days Ago job requisition id R5848

Summary

As an experienced Risk Manager, you will be responsible for overseeing a multi-asset derivatives business: working with trading to understand and explain changes in VaR, stress tests, and limit usage; working with all functions to deploy new products and improve analytics around current product coverage.

Responsibilities

• Responsible for explaining changes in daily VaR, SVaR, FRTB charges, as well as changes in risk sensitivities, for trading and banking activities.
• Work closely with traders covering Rates, FX, and XVA to address limit excesses, quantification of usage, as well as risk appetite concerns.
• Produce commentary detailing market changes and changes to portfolio for senior management, regulators, and auditors.
• Provide ad-hoc analyses as necessary, including correlation analyses, time-series analysis, and XVA related analyses.
• Work on projects to ensure market risk system functionality in support of new products.

Qualifications

• 8+ years of experience in market risk management required.
• Proven experience in Rates and FX derivatives required. XVA experience preferred. Experience in analyzing non-linear risks.
• Demonstrable quantitative and analytical skills.
• Master’s degree in a quantitative field.
• 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.

The expected base salary ranges from $170,000 - $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, successful candidates are 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.

Company Overview

Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com.

Mizuho Americas offers a competitive total rewards package.

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.