What are the responsibilities and job description for the VP, Market Risk (Rates & Options) position at Madison-Davis, LLC?
Title: VP, Market Risk (Rates & Options)
Office Status: Hybrid – New York, NY
Base Salary: $160,000–$225,000
Overview
We’re partnering with a leading global financial institution that’s expanding its U.S. markets platform and looking for a VP-level Market Risk Manager to support its growing Rates business, with a strong focus on options and other non-linear products.
In this front-aligned, high-impact role, you’ll be deeply embedded with trading, shaping risk strategy across complex interest rate options, volatility products, and structured trades. You’ll influence new product launches, strengthen the firm’s non-linear risk framework, and help drive best-in-class analytics and controls.
If you thrive in fast-moving environments, enjoy working with sophisticated models and exposures, and want visibility with senior leadership, this is a standout opportunity to make a real mark on a dynamic Rates platform.
Key Responsibilities
- Oversee daily risk management and control processes across the U.S. Rates business, spanning repos, government debt, swaps, options, structured products, and municipal-related exposures.
- Review and validate daily risk, stress, and VaR outputs, ensuring completeness, accuracy, and alignment with business activity.
- Interpret P&L drivers and market movements to proactively highlight emerging risks.
- Build and enhance stress-testing methodologies to better capture nuanced basis risks across the desk.
- Partner directly with trading and cross-functional teams on risk reviews, new product initiatives, and governance requirements.
- Support calibration of risk limits, appetite settings, and reporting enhancements to strengthen overall framework effectiveness.
- Stay current on macro trends, market developments, and regulatory expectations to anticipate potential impacts on desk positioning.
- Drive efficiency by streamlining processes, reporting, and analytics within the risk infrastructure.
- Ensure adherence to internal policies, regulatory standards, and broader enterprise governance requirements.
- Provide guidance to junior team members, promoting high standards and a strong risk culture.
Salary : $160,000 - $225,000