VP, Market Risk Manager – Credit Trading

Title: VP, Market Risk Manager – Credit Trading

Office Status: Hybrid NYC

Base Salary: $155K–$195K

Overview:

Join a leading global financial institution with a long history of providing comprehensive banking and investment services across multiple markets. This role offers a unique opportunity to oversee market risk for the credit trading desk, collaborate closely with traders, and influence the firm’s risk management strategies. It’s ideal for professionals who thrive in dynamic trading environments and want a position with visibility and impact.

Key Responsibilities:

• Provide daily oversight of the credit trading desk, monitoring trading portfolios and associated market risk exposures.
• Ensure trading desk operations remain within established risk limits and tolerances.
• Identify and evaluate market risks from investment-grade and high-yield credit trading, as well as structured products such as CLOs and ABS.
• Collaborate with traders to understand strategies and align risk management practices.
• Review new business and product proposals, set risk limits, and confirm that risks are fully captured in firm systems.
• Conduct periodic and ad-hoc stress tests to identify top risks and outlier events.
• Generate actionable insights on portfolio and market changes for senior management.
• Create high-quality presentations and reports summarizing portfolio performance for internal stakeholders and regulatory review.
• Communicate significant, complex, or unusual risk items to the appropriate forums.
• Support special projects and perform additional duties as required.