This position is primarily responsible for testing and validating multiple regulatory reports to ensure that reports are prepared in accordance with regulatory reporting instructions, guidance, regulators’ expectations, and industry best practices and communicating issues and enhancement opportunities to senior management. In addition, this position supports management with regulatory exams as well as interim status updates with the regulators. This includes ensuring preparedness, reviewing mate... more details
Quality Assurance Unit:
The Quality Assurance Unit is responsible for enhancing the integrity of the bank regulatory reporting processes, reporting data quality as well as the overall control environment through performing periodic and on-going assessments of the accuracy, completeness and timeliness of financial regulatory reports submitted to the U.S. bank regulators. The Unit also partners with stakeholders across multiple functions to identify opportunities for process and control enhancements.
Summary:
This position is primarily responsible for testing and validating multiple regulatory reports to ensure that reports are prepared in accordance with regulatory reporting instructions, guidance, regulators’ expectations, and industry best practices and communicating issues and enhancement opportunities to senior management. In addition, this position supports management with regulatory exams as well as interim status updates with the regulators. This includes ensuring preparedness, reviewing materials provided to the regulators, and coordinating across multiple departments to prepare presentation materials.
This position requires expertise in both financial and regulatory reporting pertaining to financial institutions, and experience in managing projects.
Core Responsibilities:
Assist with the planning, execution of Mizuho’s quality assurance program
Follow management’s guidance and operate independently of the day-to-day regulatory report testing and validation processes for the completeness and accuracy of regulatory reports, in accordance with regulatory reporting instructions, guidance, expectations, and industry best practices; Testing procedures include risk ranking, data analysis/ profiling, transaction testing, control testing and conformance review
Monitor, escalate and report issues to management or other relevant stakeholders on a periodic basis
Interact with various business areas for potential enhancements to the regulatory reporting process
Maintain up-to-date knowledge of financial and regulatory reporting requirements and offer recommendations to enhance controls and processes to ensure accuracy and completeness of Mizuho’s regulatory filings
Solve other relevant issues that may arise on an ad-hoc basis and participate in other departmental projects as assigned by management.
Qualifications:
· Bachelor's degree
CPA or CFA certification preferred
5 or more years of relevant experience at a large and complex financial institution in performing financial and/or regulatory reporting, regulatory reporting quality assurance, or internal audit
Knowledge of a wide range of financial and banking products
Knowledge of financial accounting including relevant US GAAP for the financial services industry
Excellent analytical and verbal/written communication skills
Proficiency in MS Excel, Power BI and Alteryx
Knowledge of U.S. Basel III for Risk Weight Assets (RWA) is a plus
Demonstrated ability to learn and apply new concepts quickly
Detail oriented, good workpaper documentation.
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.
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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