Summary:
Americas Risk Management unit is responsible for monitoring and evaluating risks across a number of categories within Mizuho U.S Operations, keeping them contained within management’s appetite by implementing policies and procedures to minimize losses and improve efficiency. Mizuho is seeking a highly skilled and experienced individual to join our Stress Testing and Capital Analysis team as a Vice President.
The Stress Testing and Capital Analysis team sits within the firm’s Enterprise Risk Management (ERM) function and is responsible for the design, calculation, and analysis of stress testing scenarios and results across financial exposures that contribute to the firm’s capital usage. Additionally, as part of the firm’s annual Risk Appetite process, the team executes stress loss calculations based on the expansion of CCAR scenarios and produces RWA forecasts. This role involves developing and maintaining stress testing scenarios and related models, coordinating with stakeholders, and ensuring compliance with regulatory requirements.
Responsibilities:
Scenario Design: Assist with the design and implementation of new stress scenarios that align with evolving market conditions, regulatory guidelines, and the bank's risk appetite.
Scenario Expansion: Implement scenario expansion models on regulatory (CCAR) and other internal stress scenarios, evaluate the accuracy and consistency of the scenarios.
Scenario Evaluation: Continuously assess market conditions and the firm’s portfolio to evaluate the relevance of existing stress scenarios, making recommendations for improvements as needed.
Stress Testing Production: Produce comprehensive stress test results that provide in-depth insights into the risk drivers, facilitating clear communication with risk management and other stakeholders.
Capital Analysis: Perform the required capital impact analysis across all of Mizuho’s capitalized entities. Develop a process for efficiently calculating capital impacts.
Process Improvements: Develop tools and processes to improve stress testing accuracy, reliability, and attribution.
Governance: Perform periodic and timely updates to the relevant Stress Testing Policies, Standards, and Handbooks Develop materials for the monthly Stress Testing Working Group.
Model Ownership: Maintain and update the models owned by the stress testing team to ensure compliance with Model Risk requirements.
Qualifications:
Bachelor’s degree in a quantitative field such as Financial Engineering, Mathematics, or another relevant science. A master's degree in the same or a related field is preferred.
5+ years of experience in Market Risk and/or Stress Testing within a large institutional bank, demonstrating a strong understanding of financial markets and risk management principles.
Proficiency in data mining/gathering, quantitative modeling, statistical analysis, and stress testing methodologies.
Strong knowledge of cash and derivative products within fixed income and equity asset classes.
Proficiency in using programming languages and tools such as R, Python, SQL, VBA, Power BI for statistical and econometric analysis.
Ability to leverage AI tools for improving models and processes.
Strong project management and process management capabilities.
Effective communication skills: oral, written, listening, and presentation.
Familiarity with regulatory requirements related to stress testing, including DFAST, CCAR, Basel III, and FRTB is a plus.
The expected base salary ranges from $137,500 - $185,000. 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, including Medical, Dental and 401K plans, successful candidates are also eligible to receive a discretionary bonus.
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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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