Spread Products Market Risk Associate

Mizuho; New York (NY); Hybrid; USD 95,000 - 115,000; Full time

Job summary

Mizuho in New York is seeking a Spread Products Market Risk Associate to monitor and report risk limits for covered trading desks. You will analyze VaR, risk sensitivities, and stress testing results, and explain changes in market risk to stakeholders.

You will collaborate with traders across Agency and Non-Agency securitized products, corporate credit, and municipal products to ensure limits align with risk appetite, and develop market commentary for senior management, regulators, and auditors.

Qualifications

• 2–5 years of experience in market risk management.
• Direct experience with Spread Products market risk.
• Master’s degree in a quantitative field.
• Strong quantitative, analytical and communication skills.
• Strong attention to detail; self-learner; capable of creative problem solving.
• AI tools familiarity.
• Ability to work under pressure in a trading desk environment.

Responsibilities

• Market Risk monitoring, analysis, and reporting.
• Maintain strong controls around risk exposures in line with policies and procedures.
• Collaborate with traders across Agency and Non-Agency Securitized Products, Corporate Credit, and Municipal Products to manage limits and risk appetite.
• Produce market commentaries and analyses for senior management, regulators, and auditors.
• Work on projects to improve market risk systems and reporting.

Skills

Market risk

Spread products

Quantitative analysis

Communication

Attention to detail

Self-learning

AI tools familiarity

Pressure management

Trading desk experience

Education

Master's degree in quantitative field

Job description

Summary

Spread Products Market Risk Associate’s responsibilities include day-to-day monitoring and reporting of market risk limits for covered trading desks to ensure compliance with overall risk framework. Focus is on understanding and explaining changes in risk (VaR, risk sensitivities, stress testing results, etc.), knowledge of financial products, analysis of market conditions, trading, and hedging patterns.

Responsibilities

• Market Risk monitoring, analysis, and reporting.


• Maintain 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 and risk reporting improvements.

Qualifications

• 2-5 years of experience in market risk management is preferred.


• Direct experience with Spread Products market risk is preferred.


• Master’s degree in a quantitative field is preferred.


• Demonstrable strong quantitative, analytical and communication skills.


• Strong attention to detail, self-learner, can develop creative solutions to new problems.


• AI tools familiarity.


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

The expected base salary ranges from $95,000 - $115,000. 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 also eligible to receive a discretionary bonus.

• including Medical, Dental and 401K plans


• 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.