Spread Products Market Risk Associate

About the role

Day-to-day monitoring and reporting of market risk limits for covered trading desks to ensure compliance with the 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.
• Familiarity with AI tools.
• Ability to work under pressure with tight time schedules in a trading desk environment.

Pay

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. Successful candidates are also eligible to receive a discretionary bonus.

Benefits

• Medical, Dental, and 401K plans.

Schedule

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 departments have greater in-office requirements that will be communicated as part of the recruitment process.