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Job description
Title: Associate – Spread Products Market Risk, Fixed Income & Credit
Office Status: Hybrid – New York, NY
Base Salary: $95k – $115k + Bonus
Overview:
This Associate-level opportunity sits within the Spread Products Market Risk function of a well-established global financial institution, offering day-to-day ownership of market risk monitoring, limit compliance, and reporting across a diverse set of fixed income and credit trading desks. The role covers Agency and Non-Agency Securitized Products, Corporate Credit, and Municipal Products — providing meaningful exposure to a broad range of spread products and the ability to develop deep market risk expertise in a fast-paced trading desk environment. It's an ideal fit for an early-to-mid career market risk professional with 2–5 years of experience who combines strong quantitative and analytical skills with the ability to explain complex risk changes clearly and work effectively under time pressure.
Key Responsibilities:
Monitor, analyze, and report on market risk limits for covered trading desks on a daily basis to ensure compliance with the overall risk framework
Maintain strong controls around risk exposures in compliance with business policies, procedures, methodologies, and trading mandates
Work closely with traders covering Agency MBS/TBAs/CMOs and Non-Agency Securitized Products (ABS, CLO, RMBS, CMBS), Corporate Credit (IG/HY/EM Bonds, Leveraged Loans, CDS/CDX), and Municipal Products to ensure limit compliance and risk appetite alignment
Understand and explain changes in risk including VaR, risk sensitivities, and stress testing results to senior management, regulators, and auditors
Produce market commentaries and analysis of portfolio changes for senior management and regulatory reporting
Work on projects to ensure market risk systems and risk reporting improvements; leverage AI tools to enhance analytical efficiency and reporting quality
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Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.