VP Market Risk, Credit Trading

Key Responsibilities

Market Risk Oversight

• Monitor daily risk exposures across credit trading desks, including cash credit, CDS, indices, and structured credit products.
• Assess drivers of P&L, sensitivities, VaR, stress results, and scenario impacts.
• Review and challenge risk-taking activities to ensure alignment with risk appetite and regulatory expectations.
• Identify emerging risks and escalate issues promptly to senior risk leadership.

Limit Framework & Governance

• Support the design, calibration, and maintenance of market risk limits (e.g., sensitivities, VaR, stress limits).
• Monitor limit utilization and breaches; coordinate escalation and remediation with trading and senior management.
• Contribute to periodic reviews of risk appetite, methodologies, and control frameworks.

Stress Testing & Analytics

• Enhance stress testing methodologies for credit spread, default, correlation, and liquidity shocks.
• Validate and challenge model assumptions, data quality, and scenario design.
• Partner with Quant, Model Risk, and Technology teams on model enhancements and control improvements.

Reporting & Communication

• Produce high‑quality risk commentary for senior management, committees, and global stakeholders.
• Explain complex risk movements, market drivers, and portfolio dynamics clearly and concisely.
• Support regulatory deliverables and internal audits as needed.

New Products & Change Management

• Conduct market risk assessments for new products, desk initiatives, and system changes.
• Evaluate risk representation, valuation methodologies, and control requirements for new or complex trades.
• Ensure appropriate governance, documentation, and testing are in place.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.