The Americas Compliance Department (ACD) manages compliance risk in the United States for Mizuho Bank Ltd. and its U.S. subsidiary bank, Mizuho Bank (USA), and also provides compliance support services to Mizuho Americas LLC, the U.S. bank holding company for Mizuho Financial Group. Summary The successful candidate will join the centralized AML/KYC QA Team of the Financial Crime Unit and will perform ongoing testing of AML/KYC Compliance Program controls interpreting and affecting internal AML/KYC policies and procedures as well as applicable regulatory requirements. In addition to testing in search of any control weaknesses, the AML/KYC QA Associate will also assess for and analyze opportunities to enhance/optimize AML/KYC functions to strengthen the AML/KYC Program and make corresponding recommendations.
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The key and primary responsibilities of the AML/KYC QA Associate will include:
- Analyzing CDD/KYC profiles to ensure that high quality standards are maintained for all CDD/KYC profiles that are approved and submitted by the individual in line with the productivity targets.
- Implementing, performing, and documenting QA reviews of KYC/AML cases to assess and determine the effectiveness of control and to independently evaluate the work product for quality, accuracy and sound decision making.
- Communicating KYC/AML QA results to management as well as monitor resolution of any CDD/KYC profile that require remediation.
- Preparing and presenting written reports of high risk reviews including results and recommendation for customer onboarding, closure or retention.
- Identifying areas of risk and making recommendations on operational improvements, processes for compliance, quality assurance and any additional training essential to mitigate risk. Seek ways to assist in strengthening customer due diligence, remain compliant and improve efficiency.
- Performing QA review of customer profiling parameter changes due to risk rating updates in the transaction monitoring system
Secondary responsibilities of the AML/KYC QA Associate may include :
- Helping to support the Head of QA with preparation of any Lesson Learned trainings.
- Developing, preparing and maintaining Excel and PowerPoint reports to assist the Head of QA team in monthly analytical reporting.
- Providing assistance with collection and preparation of documentation and responses for any examinations, audits or testing, or remediation efforts.
- Assisting with review and/or updates of KYC/AML policies and procedures.
- Completing ad hoc projects as needed.
- Minimum 2 years' experience in Compliance in a financial institution.
- Extensive knowledge about applicable CIP, AML and anti-terrorist financing laws, regulations, procedures and industry practices.
- Strong analytical and research skills with attention to detail.
- Experience in BSA/AML transaction monitoring function and KYC.
- Experience in dealing with bank regulators and internal/external auditors helpful.
Special Skills/ Technical Requirements:
- Strong written and verbal communication skills, including a demonstrated ability to clearly provide written reports that accurately and clearly summarize issues and present solutions in an understandable and logical manner.
- Experience with FIS's Prime BSA Reporter, Fenergo (or other automated AML transaction monitoring software).
- Familiarity with research in external databases (ex. Lexis-Nexis, World-Check, Dow Jones Factiva, BvD Orbis, Sharepoint).
- Ability to liaise with other departments as needed to perform tasks and projects and work independently without immediate direction and supervision.
- Proficiency using MS Office including Word, Excel, PowerPoint, and Adobe Acrobat.
The expected base salary is $89,200.00 - $120,000.00. 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. #NR1 #LI-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.
#LI-MIZUHO