Title: Associate Spread Products Market Risk, Fixed Income & Credit
Office Status: Hybrid New York, NY
Base Salary: $95k $115k + Bonus
ABOUT THE ROLE This Associate-level opportunity sits within the Spread Products Market Risk function of a well-established global financial institution, offering day-to-day ownership of market risk monitoring, limit compliance, and reporting across a diverse set of fixed income and credit trading desks. The role covers Agency and Non-Agency Securitized Products, Corporate Credit, and Municipal Products providing meaningful exposure to a broad range of spread products and the ability to develop deep market risk expertise in a fast-paced trading desk environment. It's an ideal fit for an early-to-mid career market risk professional with 2 5 years of experience who combines strong quantitative and analytical skills with the ability to explain complex risk changes clearly and work effectively under time pressure.
RESPONSIBILITIES- Monitor, analyze, and report on market risk limits for covered trading desks on a daily basis to ensure compliance with the overall risk framework
- Maintain strong controls around risk exposures in compliance with business policies, 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, Leveraged Loans, CDS/CDX), and Municipal Products to ensure limit compliance and risk appetite alignment
- Understand and explain changes in risk including VaR, risk sensitivities, and stress testing results to senior management, regulators, and auditors
- Produce market commentaries and analysis of portfolio changes for senior management and regulatory reporting
- Work on projects to ensure market risk systems and risk reporting improvements;leverage AI tools to enhance analytical efficiency and reporting quality