Market Risk, European Credit & XVA - Vice President
Mizuho · London, England ·
This job is with Mizuho, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly. Role Summary This is a VP-level position within the Mizuho EMEA Market Risk team, with dedicated coverage of the European Credit trading businesses and XVA.
The role sits within a team of five market risk professionals led by the Head of Market Risk EMEA, and offers significant exposure to a broad set of credit products, derivatives, and cross-asset valuation adjustment frameworks.
The successful candidate will be the primary market risk point of contact for the Credit trading desks - spanning Flow Credit, Structured Credit and related financing activities - as well as holding technical ownership of the XVA risk framework.
This is an excellent opportunity for an experienced market risk professional to deepen their expertise in a growing, internationally connected institution at a pivotal point in its EMEA build-out. Key Responsibilities European Credit Risk Coverage Closely observe relevant market developments across credit and macro markets, critically review risks in Credit Trading, Loans and XVA portfolio and provide value-added challenge on risk positioning in forward looking market context.
Provide independent daily market risk oversight for European credit trading businesses, including Flow Corporates, Flow Financials, Cross-Over Credit, Emerging Markets Credit, ETF trading and Credit Loans. Monitor and analyse credit spread sensitivities (CS01, CS10%) and issuer concentration risks across the credit portfolio.
Produce daily P provide independent risk opinion on product proposals. Collaborate with credit trading and Structured Financing team on hedging solutions and client-facing risk analysis where market risk input is required.
XVA Risk Management Act as the primary market risk owner for XVA exposures including CVA and FVA across Mizuho International and Mizuho Bank EMEA entities. Maintain the XVA risk measurement framework, ensuring exposure methodologies, simulation models and sensitivities are fit for purpose and aligned with regulatory and internal standards.
Monitor XVA Greeks and ensure appropriate limit coverage and escalation procedures are in place. Liaise with the XVA trading desk, Risk Analytics and Finance to ensure consistency of XVA valuation, risk decomposition and P technical ownership of scenario design is strongly preferred.
Familiarity with CRR2/CRR3 and FRTB frameworks as they relate to credit and counterparty credit risk capital. Experience with risk systems and quantitative tools; proficiency in Python or similar analytical languages is an advantage.
Relevant academic background in a quantitative discipline (Mathematics, Physics, Finance, Engineering or equivalent); CFA, FRM or PRM is advantageous. What Mizuho can offer you Here at Mizuho, there are fantastic progression opportunities and clear paths to promotion.
We will give you ample opportunity to affect change and to help grow our business. In addition to the great opportunity outlined above we are also currently able to offer: Competitive starting salary, plus discretionary bonus Non-contributory pension 27 days' annual leave Core working hours* Hybrid working - office and home based* Virtual GP Wellbeing benefits, including Mental Health Allies and First Aiders * For applicable roles only At Mizuho, we embrace flexible ways of working when the role permits.
We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
At Mizuho we are committed to supporting equality, diversity and equality, and seek to create a workplace that is fully inclusive. We welcome applications from all sections of the community that we operate in and from all ethnic backgrounds, sexual orientation, beliefs, gender identities and disabilities.
If you require more information about our equal opportunities policy or wish to discuss any accessibility requirements or reasonable adjustments please contact the recruitment team - recruitment@mizuhoemea.com and we will be happy to help.