Market Risk Manager

Mizuho Amsterdam

What is required?

An university degree in a quantitative field like Financial Engineering, Mathematics, or Economics
At least 4 years experience in Banking or related roles, with a focus on IRRBB, CSRBB, or CCR
Necessary experience in at least two of these domains: IRRBB, CSRBB, CCR
Familiarity with FX risk, derivatives, and CVA/XVA calculations
Skills in analyzing regulatory guidelines, compliance assessments, and gap analysis
Knowledge of CCR exposure concepts, including wrong-way risk and risk appetite
Understanding of capital rules for CCR and ICAAP fields
Fluent English, both verbally and in writing is essential

What will you get?

€78.000K gross p/y (depending on knowledge and experience) including 13 th month and holiday allowance
Annual bonus
37,5 hour working week (flexible working hours)
Possibility to work flexible and remote
30 vacation days (based on fulltime employment)
Option to buy or sell leave annually
Technical and professional training possibilities
100% company paid defined contribution pension plan
Global employee mobility plan
Unique opportunity of working in a dynamic international and multicultural environment and being part of one of the largest financial institutions of the world

What will you do?

20% Overseeing the bank's market and counterparty credit risk
15% Crafting and maintaining Counterparty Credit Risk policy and ensuring regulatory alignment
15% Improving internal reporting for CCR and conducting in-depth risk analyses
15% Monitoring market risks, assessing portfolios and testing risk models
10% Influencing and shaping ICAAP procedures and overseeing metrics
10% Collaborating with and supporting various risk-related committees
10% Providing advice to the Management and Supervisory Boards on diverse risk subjects
5% Recommending and implementing improvements to risk management processes

This vacancy has been created based on interviews with employees to help you get a realistic preview of the job.

Vacancy

As a Market Risk Manager, you are responsible for managing Mizuho's market risk exposures, ensuring the bank's market and counterparty credit risk exposure aligns with its appetite. With your expertise in financial and risk analysis, you'll closely collaborate with various bank departments and have a pivotal role in regulatory examinations and interactions.

Central to your position is crafting and overseeing the Counterparty Credit Risk policy. Improving internal reporting for CCR management and ensuring our bank's compliance, especially in the realms of Interest Rate Risk in the Banking Book (IRRBB) and Counterparty Credit Risk (CRR), are crucial tasks. Regularly monitoring market risks, assessing portfolios, and testing market risk models also fall within your domain. Furthermore, your insights will shape the ICAAP processes and you will oversee metrics like EVE and NII for accuracy and reasonableness.

You will keep a pulse on how global economic changes might impact the portfolio, spearhead in-depth risk analyses and recommend improvements to the risk processes. Collaborating closely, you will support various committees, ensuring Mizuho maintains a robust risk framework and aligns with evolving regulations.

You will join the Risk Management Department (RMD) and become an integral part of a team dedicated to Mizuho Bank Europe's (MBE) Risk Management objectives. While shaping MBE's risk framework, you'll play a role in advising and supporting the Management and Supervisory Boards on various risk topics, reinforcing your commitment to strong risk governance.

As a Market Risk Manager, you are responsible for managing Mizuho's market risk exposures, ensuring the bank's market and counterparty credit risk exposure aligns with its appetite. With your expertise in financial and risk analysis, you'll closely collaborate with various bank departments and have a pivotal role in regulatory examinations and interactions.
Central to your position is crafting and overseeing the Counterparty Credit Risk policy. Improving internal reporting for CCR management and ensuring our bank's compliance, especially in the realms of Interest Rate Risk in the Banking Book (IRRBB) and Counterparty Credit Risk (CRR), are crucial tasks. Regularly monitoring market risks, assessing portfolios, and testing market risk models also fall within your domain. Furthermore, your insights will shape the ICAAP processes and you will oversee metrics like EVE and NII for accuracy and reasonableness.
You will keep a pulse on how global economic changes might impact the portfolio, spearhead in-depth risk analyses and recommend improvements to the risk processes. Collaborating closely, you will support various committees, ensuring Mizuho maintains a robust risk framework and aligns with evolving regulations.
You will join the Risk Management Department (RMD) and become an integral part of a team dedicated to Mizuho Bank Europe's (MBE) Risk Management objectives. While shaping MBE's risk framework, you'll play a role in advising and supporting the Management and Supervisory Boards on various risk topics, reinforcing your commitment to strong risk governance.

If you like to shape risk management strategies and find it challenging to navigate complex regulatory landscapes, then this is the job for you.

Working week

Market Risk Manager

On an enjoyable day, you collaborate closely with various departments, seeing the direct impact of your risk strategies and getting positive feedback from committees on your insights.

On a less enjoyable day, you navigate challenging regulatory landscapes and confront unexpected shifts in market dynamics that strain the bank's risk framework.

09:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00

- Team meeting
- Reading and responding to mails
- Reviewing morning market updates
- Lunch
- Analyzing market and counterparty credit risks
- Refining Counterparty Credit Risk policy
- Ensuring regulatory alignment
- One-on-one with colleague
- Lunch
- Meeting with risk committees
- Reading and responding to mails
- Enhancing CCR reporting mechanisms
- Monitoring market risks and assessing portfolios
- Lunch
- Testing market risk models
- Reading and responding to mails
- Project meeting
- Reviewing risk metrics
- Shaping ICAAP procedures
- Advising Management and Supervisory Boards
- Lunch
- Meeting with stakeholder
- Reading and responding to mails
- Collaborating with risk committees
- Recommending risk management improvements
- Refining CCR policy
- Project meeting
- Lunch
- Collaborating on risk strategies
- Assessing portfolios deeply
- Validating risk models
- Reviewing market trends and adjusting risk strategies

Global market dynamics are rapidly shifting due to unexpected geopolitical events. What do you do?

As a Market Risk Manager, your first step is to assess how these events impact Mizuho's market and counterparty credit risk exposures. Leveraging your deep expertise in financial and risk analysis, you'll swiftly analyze the portfolio to understand the potential exposures and risks. This includes monitoring market risks associated with these changes and how they could potentially alter the bank's position.

After thorough assessment, you collaborate with various bank departments to craft an actionable plan. Ensuring alignment with Mizuho's risk appetite, you may recommend changes to the Counterparty Credit Risk policy or adjust strategies based on your analyses. Simultaneously, you'll engage with and support various committees, sharing insights and providing advice to reinforce the bank's commitment to robust risk governance.

Growth

The goal of Mizuho Bank Europe is that employees have the right skills, knowledge and attitude to drive results they need to achieve. Their key principle is that trainings should be accessible to anyone and contribute to their strategic business goals. Because of that, employees are allowed to follow a study or training in a relevant field. Additionally, Mizuho promotes internal and international vacancy's so employees can move from one department to another.

Market Risk Manager

Working at Mizuho

Mizuho Bank Europe N.V. (MBE) is a fully-licensed bank incorporated in the Netherlands and supervised by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM). With over 45 years of experience providing financial services to Japanese and non-Japanese customers in the region, Mizuho has developed a solid client base and expertise throughout the European single market - with a focus on the markets in the Benelux, Iberia, and Central & Eastern Europe - using their EU Banking Passport.

View company profile of Mizuho