Market Risk Manager - Equity Derivatives

An exciting opportunity to join the risk management team leading the coverage for Equity Derivatives within Mizuho Americas – a fast growing business.

The individual will partner with the Front Office, Quants, IT and other control functions to enable growth within the Equity Derivatives product offering at Mizuho Americas.

The main existing product offering is Margin Loans, Call-Spread Overlay, Collars and Autocallables but the business seeking to expand into multiple new markets.

Key Responsibilities include:


* Becoming primary contact for the Derivatives trading desk.


* Understanding the direction and prioritization of the business for future growth.


* Understanding of the underlying models used within pricing.


* Work with Trading and Quants to ensure risk dynamics and risk representation of both new and existing structures are as expected.

E.g.

as the desk expands into VIX ensure the exposure can be viewed in both VIX and SPX terms.


* Ensure limit structure is robust to capture any new product, and getting agreement from management and the Front Office to enhance gaps.


* Ensure appropriate content within risk reports to display key risks to management.

Leverage the junior members of the team to bring to market.


* Develop a suite of pre-trade analytics to provide management with transaction oversight.


* Partner with Finance to ensure understanding of IPV, Back-testing, PnL explain.


* Work with Risk IT to ensure VaR model handling products correctly.


* Work with the junior members to design and build out additional reporting views – e.g.

barrier concentration, correlation risk etc.


* Work with the junior members to enhance quality of the reporting commentary to be targeted and precise.


* Attend and present the risk profile within regulatory meetings with the SEC.


* Perform targeted scenario analytics on the portfolio to uncover pockets of risk.

Key Requirements:


* Solid understanding of Derivative products – ideally Equity underlying.


* Confidence talking to trading and quants about the pricing models and risk dynamics, coupled with hedging strategies.


* An ability to simplify the technical and explain to management in layman terms.


* Comfortable handling data.

The expected base salary ranges from $144,000 - $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.

#Hybrid

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.

Company Overview

Mizuho Financial Group, Inc.

is...