Director - Market Risk, Spread Products

Title: Director - Market Risk, Spread Products

Location: New York United States

Full time

job requisition id: R7047

Job Description:

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.

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.

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.

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

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