Regulatory Reporting Associate
About the Team
The Regulatory Reporting Unit files regulatory reports for Mizuho Bank, Ltd. - New York Branch, Mizuho Bank, Ltd. - Cayman Branch, Mizuho Bank ( USA), and Mizuho Bank (USA) - Nassau Branch.
Job DescriptionSummary:
Your primary responsibility will be to prepare assigned regulatory reports in an accurate and timely manner in accordance with US GAAP and instructions from regulatory authorities. You have an in-depth knowledge of financial accounting and regulatory reporting, as well as understanding of financial instruments and business activities in the financial service/banking industry.
Principal Duties and Responsibilities:
Successful candidates will be expected to take an ownership role in, or actively contribute to the following activities:
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- Compute Risk Weighted Asset in compliance to U.S. Basel III at both BHC and legal entity level
- P repare and review monthly/quarterly/annual regulatory reports with primary focus on FR Y-15, FR Y-9C and FR Y-9LP to regulatory authorities with accurate financial information and in a timely manner, and maintain back-up supporting documents
- Reconcile reporting data and perform variance analysis for reports assigned, and understand the background of figures changed
- Responsible for investigation, documentation and resolution of issues identified in the reporting process
- Ensure that changes in the reporting instructions made by the regulatory authorities are incorporated within the reports submitted
- Maintain up-to-date knowledge of financial/regulatory reporting requirements, as well as pertinent accounting standard changes within the regulatory reporting framework, and propose solutions as needed
- Review and maintain up-to-date internal procedures and manuals for reports assigned, or create new process manuals and document controls for new reports as necessary
- Coordinate with multiple stakeholders across organization, and interact with management and various regulators for inquiries and surveys
- Accomplish routine tasks, ad-hoc assigned tasks and projects with minimum supervision
- Provide back-up support to other staff members, and train junior staff as needed
Minimum Job Requirements or Experience:
- Bachelor's degree in Accounting, Finance or equivalent. CPA, CFA or equivalent is strongly preferred
- Minimum 3+ years of experience for Officer and 5+ years of experience for AVP in banking, capital markets and broker dealer industries
- Strong knowledge of regulatory reporting process primarily on the above mentioned regulatory reports including U.S Capital Rules and calculation of Risk Weighted Assets per U.S. Basel III Standardized Approach
- Proficient knowledge of US GAAP in financial products (e.g. loans, deposits, securities, derivatives, money market products, repos and etc.)
- MS-Excel (advanced), MS-Word (advanced), MS-Access (intermediate) and MS-PowerPoint (intermediate)
- Alteryx Designer and/or Wolters Kluwer OneSumX experience is a plus
- Detail oriented and process excellence mind set
- Analytical and problem solving skills
- Multi-tasking and time management skills
- Excellent verbal/written communication and interpersonal skills
The expected base salary ranges from $88,000 - $100,000. 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.
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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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