Stress Testing and Capital Analysis - VP - Mizuho Americas Services LLC

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. We are seeking a highly motivated individual to join our Stress Testing and Capital Analysis team.

Our team is responsible for the design, calculation, and analysis of stress testing scenarios and results across different risk stripes that contribute to the firm’s capital usage. As part of the firm’s annual Risk Appetite and Capital Planning process, we execute stress loss calculations and produce RWA forecasts. We also performs capital impact analysis of new business activity and monitors economic capital limit utilizations.

Responsibilities

• Scenario Design: Design and implement new stress scenarios that are aligned with evolving market conditions, regulatory guidelines, and the bank's risk appetite.

• Scenario Evaluation: Continuously assess the market conditions and the bank’s portfolio to assess the relevance of existing stress scenarios, making recommendations for improvements as needed.

• Stress Test Calculation: Liaise with line risk managers and risk infrastructure partners to ensure correct implementation of stress tests in the calculation systems, provide analysis and signoffs.

• Stress Test Explains: Produce comprehensive stress test results explains that provide in-depth insights into the risk drivers, facilitating clear communication with risk management and other stakeholders.

• Risk Appetite: Implement the scenario expansion of the FRB’s annual CCAR variable forecasts as part of the annual Risk Appetite process, ensuring accuracy and timely reporting of stress loss estimates to internal stakeholders; Maintain and execute the RWA forecasting model.

• Capital Analysis: Perform the required capital impact analysis across all of Mizuho’s capitalized entities. Develop a process for efficiently calculating capital impacts under Basel III.

• Compliance: Perform periodic and timely updates to the relevant Stress Testing Polices, Standards, and Handbooks.

• 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.

• 5-10 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.

• Deep understanding of risk metrics such as Value at Risk, Economic Capital and RWA.

• Strong knowledge of cash and derivative products within fixed income and equity asset classes.

• Proficiency in quantitative modeling, statistical analysis, and stress testing methodologies.

• Strong technical skills: Programming (Python, VBA), databases (SQL, MS Access) and data visualization tools (Tableau, PowerBI).

• 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 $127,500 - $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.

#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