Senior Market Risk Manager - Securitized Products, MSR, MBS

A leading American bank is looking to hire a Senior Market Risk Manager to support their growing Mortgage and Securitized Products businesses. This role provides oversight across mortgage pipeline origination, securitized products trading, whole loans, and MSR valuation and hedging.

This is a high‑visibility position covering the full mortgage lifecycle rate‑lock to securitization to servicing and will play a critical role in shaping risk identification, measurement, stress testing, and limit governance.

Ideal candidates will bring 8-15 + years of Market Risk, Trading, Valuation or related experience with strong product knowledge across mortgage pipelines, RMBS/CMBS/ABS/CLO and whole loans. Must have MSR hedging and valuation experience. Deep understanding of interest rate risk, mortgage basis, convexity, fallout behavior, hedging strategies (e.g., TBAs, options), and risk metrics such as VaR, DV01, and stress scenarios is strongly preferred.

Responsibilities:

• Provide market risk oversight across securitized products, whole loans, and mortgage pipeline origination, including assessment of rates, spreads, basis, volatility, and liquidity risk.
• Review and challenge hedging strategies (e.g., TBAs, forwards, options) and evaluate risk metrics such as VaR, DV01, convexity, and stress scenarios across pipeline, trading, and MSR portfolios
• Oversee MSR valuation and hedging risk, challenging key assumptions (prepayments, servicing costs, ancillary income) and assessing hedge effectiveness for assets with negative duration and convexity.
• Support limit setting, governance, and senior-level risk escalation for securitized products, mortgage pipelines, and MSRs, including new product reviews and material exposure changes.

Qualifications:

• Over 8-15+ years of experience across Market Risk, Trading, Structuring, Valuation, and related risk functions.
• A quantitative academic background, along with a masters degree or FRM preferred.
• Strong expertise in mortgage markets, such as pipeline origination risk, securitized products, MSR valuation, and hedging, with deep knowledge of VaR, stress testing, and mortgage risk drivers.
• Proven ability to communicate complex risks to senior stakeholders and work effectively within governance‑driven environments