VP Market Risk, Spread Products

This Vice President opportunity sits within the Market Risk function of a leading global financial institution, serving as a dedicated market risk manager facing off directly with the trading desk across Spread Products including Agency and Non-Agency Securitized Products, Corporate Credit, and Municipal Products. Monitor, analyze, and report on market risk exposures across Spread Products including Agency MBS/TBAs/CMOs, Non-Agency Securitized Products (ABS/CLO/RMBS/CMBS), Corporate Credit (IG/HY/EM Bonds, Leveraged Loans, CDS/CDX), and Municipal Products.

Title: VP Market Risk, Spread Products

Office Status: Hybrid New York, NY

Base Salary: $137.5k $185k + Bonus

ABOUT THE ROLE

This Vice President opportunity sits within the Market Risk function of a leading global financial institution, serving as a dedicated market risk manager facing off directly with the trading desk across Spread Products including Agency and Non-Agency Securitized Products, Corporate Credit, and Municipal Products. The role offers genuine day-to-day desk interaction, combining real-time risk monitoring and limit oversight with deeper analytical work across VaR, risk sensitivities, stress testing, and new product reviews. It's an ideal fit for a true market risk professional with direct spread products experience who thrives in a fast-paced trading environment and can balance rigorous quantitative analysis with clear, concise communication to senior management, regulators, and auditors.

RESPONSIBILITIES

• Monitor, analyze, and report on market risk exposures across Spread Products including Agency MBS/TBAs/CMOs, Non-Agency Securitized Products (ABS/CLO/RMBS/CMBS), Corporate Credit (IG/HY/EM Bonds, Leveraged Loans, CDS/CDX), and Municipal Products
• Work closely with trading desks to ensure compliance with risk framework limits, risk appetite, and trading mandates;conduct trade reviews, risk assessments, and pre-approvals
• Understand, explain, and communicate changes in risk including VaR, risk sensitivities, and stress testing results to trading desks, senior management, regulators, and auditors
• Produce market commentaries and portfolio change analyses for senior leadership and regulatory audiences
• Maintain and develop strong controls around risk exposures in compliance with business policies, procedures, and methodologies
• Analyze market conditions, trading patterns, and exposure trends on an ongoing basis;identify and escalate emerging risks proactively
• Work cross-functionally to support new product deployments, policy and methodology reviews, and improvements to market risk systems, reporting, and analytics