The 2nd Line of Defense (2 LOD) Liquidity Risk Independent Review Function of Mizuho Americas reports into the US Head of Market and Liquidity Risk and provides oversight over liquidity and funding risks within the US Operations of Mizuho Financial Group. It is responsible for ensuring compliance with Enhanced Prudential Standards (EPS) liquidity requirements for Foreign Bank Organizations (FBOs). Scope covers the US Branches of Mizuho Bank and a US bank holding company, including subsidiaries s... more details
Job Description:
The 2nd Line of Defense (2LOD) Liquidity Risk Independent Review Function of Mizuho Americas reports into the US Head of Market and Liquidity Risk and provides oversight over liquidity and funding risks within the US Operations of Mizuho Financial Group. It is responsible for ensuring compliance with Enhanced Prudential Standards (EPS) liquidity requirements for Foreign Bank Organizations (FBOs). Scope covers the US Branches of Mizuho Bank and a US bank holding company, including subsidiaries such as the broker dealer and derivative trading entities.
The Liquidity Risk Independent Review Function’s (IRF) primary responsibilities are to:
Provide an independent review and effective challenge of the Mizuho U.S. Operations’ Liquidity Risk Management practices and assumptions (including those of the 1LOD and 2LOD) by conducting targeted assessments where appropriate.
Provide senior management and other stakeholders with a holistic, transparent, and comprehensive understanding of the adequacy and effectiveness of individual LRM processes.
Identify potential gaps, weaknesses, or areas of improvement across LRM processes. Monitor remediation status of LRM findings raised by any of the other control functions and/or the regulatory agencies.
Primary Responsibilities:
As an AVP on the Liquidity Risk Independent Review team, you will support the IRF team in managing the overall 2LOD IRF framework by assessing the material liquidity risk processes of the Mizuho US Operations (MUSO).
Support the Head of IRF in organizing the monthly Liquidity Risk Operating Committee (LROC), a cross functional forum to bring together all Control Pillars, including preparation of the materials and the meeting minutes.
Aid in annual scoping and planning of the IRF Review, including confirmation and identification of key LRM processes.
Aggregate IRF results, analyze findings, assess control effectiveness, and identify improvement areas.
Document oversight, review work papers, methodologies, findings, and recommendations.
Develop reporting to summarize results to the appropriate stakeholders, including material issues to Board level committees, in a clear and timely manner.
Monitor the implementation of recommendations and tracking progress over time.
Review and challenge key assumptions used in the overall liquidity risk management framework.
Maintain governance standards pertaining to the MUSO Liquidity Independent Review Function, including annual review.
Qualifications
Over 6 years’ experience in financial services (banking, asset management, insurance, etc) with significant direct exposure to analytics and modeling applied to enterprise risk management with emphasis on liquidity and market risk required.
Understanding of key liquidity risk regulations such as Regulation YY - Enhanced Prudential Standards for Foreign Banking Organizations (FBOs). Ability to determine applicability of regulations and other supervisory guidance where appropriate.
Understanding of key US capital regulations and guidance is a plus.
Good presentation and communication skills, both written and oral. Ability to communicate effectively on abstract risk management concepts.
Ability to quickly absorb financial concepts and apply them to real world situations.
Finance or Accounting degree preferred. MBA or CFA accreditation a plus.
The expected base salary ranges from $90,000 - $140,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
#Hybrid
Other requirements
Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process.
Company Overview
Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill?, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com.??
Mizuho Americas offers a competitive total rewards package.
We are an EEO/AA Employer - M/F/Disability/Veteran.
We participate in the E-Verify program.
We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.
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