Regulatory Reporting Quality Assurance, Senior AVP or Junior VP
Quality Assurance Unit:
The Quality Assurance Unit is responsible for enhancing the integrity of the regulatory reporting processes and reporting issues stem from data quality as well as the overall control environment through performing periodic and on-going assessments of the accuracy, completeness and timeliness of regulatory reports submitted to the U.S. regulators. The Unit also partners with stakeholders across multiple functions to identify improvement opportunities and implement process and control enhancements for the regulatory reporting activities to keep abreast of the industry standards.
Summary:
This position is primarily responsible for execution of Mizuho's Regulatory Reporting Quality Assurance Program and providing additional line of defense for Mizuho Americas regulatory reporting. The position will (1) assist the planning and execution of periodic reviews of regulatory reports to ensure that reports are prepared in accordance with regulatory reporting instructions and guidance, regulators' expectations and industry best practices. (2) communicate observations and enhancement opportunities to senior management as well as other key stakeholders such as regulatory reporting production teams, financial accounting teams, internal audit, data management office and IT. (3) support management with regulatory exams formulating interim communications with the regulators. This includes ensuring preparedness, reviewing materials to be provided and coordinating across multiple departments to prepare presentation materials. The position requires wide breadth of expertise in various types of regulatory reporting, including FR Y-9C, FR Y-15, FR Y-10, with primary focus on FR 2052a, as well as experience in managing projects and staff members.
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Core Responsibilities:
- Assist with the planning, execution of Mizuho's Regulatory Reporting Quality Assurance Program with primary focus on FR 2052a
- Operate independently of the day-to-day regulatory report testing and validation processes for the accuracy and completeness of regulatory reports in accordance with regulatory reporting instructions and guidance, regulators' expectations and industry best practices . Testing procedures include risk ranking, data analysis/ profiling, transaction testing, control testing and conformance review
- Report, monitor and escalate issues to management or other relevant stakeholders on a periodic basis, monitor issue remediation status and KPIs
- Interact with various business areas for potential enhancements to the regulatory reporting processes
- Maintain up-to-date knowledge of financial and regulatory reporting requirements, 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 or equivalent certification preferred
- 8 or more years of relevant experience at large and complex financial institutions in performing financial and/or regulatory reporting, regulatory reporting quality assurance or internal audit
- knowledge of regulatory reporting especially FR 2052a, LCR
- knowledge of financial and banking products
- knowledge of financial accounting including relevant US GAAP for the financial services industry
- Experience in project management, including running meetings, tracking issue resolution progress and driving issues to closure
- Excellent analytical and verbal/written communication skills
- Advanced proficiency in performing financial review and analysis using MS Excel and operational knowledge in Axiom, Power BI, Alteryx or python preferred
- Demonstrated ability to learn and apply new concepts quickly
- Detail oriented, good workpaper documentation
The expected base salary ranges from $114,000 - $180,000. 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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