Why Mizuho

At Mizuho, we provide the stability of an international industry leader with the career trajectory of a growing business. Our steady, strategic growth gives our people at all levels rewarding degrees of responsibility and richer work experience than a boutique firm or an established giant could offer alone.

It’s the local expertise of our employees that makes our global network so powerful. By collaborating with colleagues and clients who share the same ambition and drive, you can amplify your sphere of influence and base of knowledge as part of one of the largest banks in the world.

Role Overview:

The Market Risk Engineering (RE) team is a core function within Market Risk Management, responsible for ensuring the accuracy, robustness, and integrity of market risk measurement, reporting, and control processes. The team supports key market risk frameworks including Value-at-Risk (VaR), Stressed VaR (SVaR), FRTB, SA-CCR, backtesting, and regulatory risk reporting, working closely with Market Risk Managers, Front Office, and Risk Technology teams.

The role combines market risk analysis with risk production oversight and change delivery responsibilities. The successful candidate will review and analyse daily risk metrics, investigate material changes in risk exposures, support regulatory and control processes, and contribute to strategic initiatives including new product implementation, model enhancements, and market risk infrastructure change. The position offers broad exposure to market risk methodologies, trading products, regulatory frameworks, and risk management practices across the organisation.

Key Responsibilities:

Risk Analytics and Production support

- Review and analyse first-level of daily market risk reports, highlighting material changes in exposures, exceptions, and unusual portfolio movements.
- Analyse and explain movements in VaR, SVaR, FRTB, sensitivities and other market risk measures.
- Investigate significant changes in risk exposures and partner with Market Risk Managers and stakeholders to understand key drivers and emerging risk themes.
- Review risk concentrations, key market events, and portfolio sensitivities to identify areas of elevated risk.




- Contribute to the production, validation, and enhancement of market risk measures, methodologies, controls, and regulatory reporting processes.
- Perform VaR and FRTB-related analysis, including backtesting reviews, exception investigations, and risk-factor coverage assessments.
- Assess the impact of market events, concentration risks, and changing market environments on portfolio risk profiles.
- Support implementation of new products, trading strategies, and business initiatives, ensuring appropriate risk measurement, reporting, controls, and governance are established.
- Work closely with Market Risk Managers, Front Office, Quantitative Analytics, and Risk Technology teams to support new product onboarding and risk methodology enhancements.
- Participate in reviews of market risk models, assumptions, methodologies, and framework enhancements.
- Support regulatory initiatives and strategic programs relating to FRTB, SA-CCR, model governance, and market risk infrastructure improvements.
- Define and execute test scenarios, perform UAT, validate results, and coordinate issue resolution for market risk system enhancements and change initiatives.
- Identify weaknesses in risk data, controls, calculations, or reporting processes and drive remediation efforts with relevant stakeholders.
- Prepare risk analysis and management information for senior risk stakeholders, governance forums, and regulatory reviews.
- Contribute to automation and analytical initiatives that enhance market risk reporting, transparency, and operational effectiveness.

Qualifications:

- 3-10 years of experience within Market Risk, Risk Analytics, Product Control, Quantitative Risk, or a related risk management function.
- Bachelor's or Master's degree from a Tier 1 or Tier 2 university in Finance, Mathematics, Statistics, Economics, Engineering,



Quantitative Finance, or a related quantitative discipline.
- Strong understanding of market risk methodologies including VaR, SVaR, stress testing, sensitivities, backtesting, FRTB, and regulatory market risk frameworks.
- Knowledge of traded products across Fixed Income, Credit, FX, Equity, and Derivatives markets.
- Experience analysing market risk exposures, investigating risk movements, and interpreting risk metrics to support risk management decisions.
- Demonstrated ability to collaborate across Market Risk, Front Office, Quantitative Analytics, Technology, and Change teams.
- Strong analytical and problem-solving capabilities with the ability to communicate complex risk concepts effectively

Technical Skills (All Levels):

- Advanced Excel; SQL and Python required.
- Familiarity with risk systems, data platforms, and control frameworks.
- CFA / FRM / CQF is an advantage.

Company Overview:

Mizuho Pune is an integral part of Mizuho Financial Group, one of the world’s leading financial institutions with a strong global presence across the Americas, EMEA, and Asia. Based in India, Mizuho Pune supports Mizuho’s international businesses by delivering high-quality, scalable, and resilient services across multiple functions.

Mizuho Pune plays a critical role in driving operational excellence, standardization, and innovation for Mizuho Americas. By combining deep domain expertise with solid process, technology, and analytical capabilities, it partners closely with regional and global teams to support corporate and investment banking, capital markets, and corporate services functions, while adhering to the highest standards of risk management, regulatory compliance, and control.

Mizuho Pune offers competitive compensation and benefits package aligned with industry standards and local market practices.

Mizuho Pune is an equal opportunity employer and is committed to fostering an inclusive and diverse workplace.

Employment is subject to applicable background verification checks in accordance with Indian laws and company policies.

https://www.mizuhogroup.com/asia-pacific/mizuho-global-services/careers

📌 Market Risk Analytics (Pune)
🏢 Mizuho
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