Risk Management - Market Risk Coverage Senior Officer
On-site · New York City, New York, United States
Job Summary
Market Risk Senior Associate in the Chief Investments Office oversees market risk for Home Lending desks (Agency, Non-Agency, MSR and hedges), monitors risk across Agency MBS, RMBS, and structured products, sets risk limits, conducts stress testing and scenario analysis, collaborates with traders on hedging strategies, and works with quantitative model developers to enhance risk modeling. Responsibilities include analyzing changes in market risk, communicating risk changes to senior management, performing deep dive analyses on products and trades, assessing new products for risk management, developing stress scenarios, reviewing VaR and risk sensitivities, facilitating independent challenge among traders and risk teams, and partnering with Middle Office, Operations, Compliance, Technology, and Product Control to improve systems.
Required Qualifications
- Bachelor's degree or higher in economics, finance, or a quantitative field
- Minimum 3 years of relevant experience in derivatives, trading, market risk, risk reporting, or related areas
- Strong knowledge of securitized products, interest rate, credit, or other fixed income markets
- Understanding of market risk metrics (VaR, delta, gamma, etc.)
- Excellent written and verbal communication skills; ability to communicate with diverse groups
- Ability to work independently with high attention to detail and lead
- Strong in controls, project management, and time management
- Demonstrated effectiveness working independently and in multi-disciplinary teams
- Organized and able to execute responsibilities with minimal supervision
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