Audit Operations

Mizuho•New York, NY

8d•$160,000 - $220,000•Hybrid

About The Position

The Internal Audit Department Americas (IADA) provides internal audit services to the branches, representative offices and agencies of Mizuho Bank, Ltd. in the Americas, and to Mizuho Bank (USA) and related subsidiaries. IADA’s mission is to act as an independent, objective assurance and consulting function, designed to add value and improve Mizuho Bank’s U.S. operations including derivative activities under the bank, broker dealer and swap dealer businesses. Based in the New York Metro area, IADA staff members perform various audits of different business areas of the bank to evaluate the effectiveness of risk management and governance processes. Along with its counterparts in London, Hong Kong and Singapore, IADA reports to and composes the overseas arm of MHBK’s Internal Audit Division (IAD). This role involves managing or directing internal audits related to the Bank’s Operations or as otherwise directed by IADA management. Depending on the assignment, this may include supervising or executing any or all phases (Planning, Fieldwork, Reporting and Follow-up) of assigned audits in compliance with approved IAD policies and procedures, and IADA local standards. The role also includes overseeing and maintaining a Continuous Monitoring Program for the Operations team' portfolio of audits, coordinating with other IADA Audit Groups, and managing or performing special audit work and other special projects. Additionally, the position involves assigning and directing audit staff, evaluating their performance, and managing their professional development. The role serves as an ongoing point of contact between IADA and line management responsible for the Operations audit team, and requires staying current with their business and risk profiles. Communication with IAD Head Office, other IAD overseas offices, IADA management and staff, other Mizuho areas/functions/personnel, external auditors, and regulatory examiners is also a key aspect. The position assists in the design, development and implementation of IADA’s Annual Plan and Schedule, and in the preparation and/or presentation of related MIS reports. Cooperation with supervisory authorities, external auditors, and other service providers is expected. The role may involve representing IADA on Bank Committees, sub-Committees, Special Project Teams, Working Groups or Meeting Groups, and cooperating with directives from IADA’s Quality Assurance Support. Other assignments as directed by IADA senior audit management will also be performed.

Requirements

Bachelors Degree or equivalent.
May also hold an advanced or specialized degree and/or a professional certification (e.g., CPA, CA, CIA, CISA) or license relevant to the profession.
Demonstrates a sound understanding of the financial services industry, and possesses at least 7-12 years of relevant work experience, including experience in a supervisory or management capacity, in internal auditing or external auditing, supervisory examinations, or their equivalent.
Demonstrates sound understanding of internal audit principles, practices and techniques, the concepts of risk, risk management, internal control and compliance, and the ability to effectively and consistently apply such understanding to assignments.
Demonstrates the ability to effectively oversee and direct the structuring, planning, scheduling and execution of all phases of internal audits, special projects and other audit work, in a manner consistent with recognized professional standards and with applicable Mizuho/IAD/IADA policies and procedures.
Knowledge of key banking and securities-related regulations and ability to assess appropriate audit coverage during ongoing reviews.
Ability to utilize analytical tools during ongoing audit activities to increase audit efficiency and effectiveness.
Demonstrates the ability to effectively direct, guide and supervise all subordinate staff in the execution of the Operations audit team’s work, evaluate their performance, and manage their ongoing professional development.
Demonstrates capacity for effective oral and written communications, with respect to the preparation of required reports and oral communications with audit department and auditee management, audit staff subordinates, external auditors, supervisory authorities, external contractors, and others, as needed.
Demonstrates the ability to effectively initiate, plan, organize and hold meetings and discussions in the conduct of the Operations audit team or IADA’s business, and to act as a surrogate for senior IADA management, as appropriate.
Demonstrates the capacity for effective project and time management skills, including the ability to prioritize, design and direct multiple tasks/projects, both audits and administrative, to anticipate and meet required deadlines.
Demonstrates ability to effectively support the senior audit management manager with respect to the administrative management of IAD.

Responsibilities

Manage or direct internal audits related to the Bank’s Operations or as otherwise directed by IADA management.
Supervising or executing any or all phases (Planning, Fieldwork, Reporting and Follow-up) of assigned audits in compliance with approved IAD policies and procedures, and IADA local standards.
Adhere to relevant timing, scheduling, and budgetary requirements.
Oversee and maintain a Continuous Monitoring Program for the Operations team' portfolio of audits.
Coordinate with or assist other IADA Audit Groups, as needed.
Manage or perform special audit work and other special projects, as needed.
Assign and direct audit staff assigned to the team, evaluate and provide feedback regarding their performance, and manage their continuing professional development.
Act as an ongoing point of contact between IADA and line management responsible for the Operations audit team and remain current and knowledgeable with respect to their business and risk profiles.
Communicate, as needed, with IAD Head Office, other IAD overseas offices, IADA management and staff, other Mizuho areas/functions/personnel, external auditors, regulatory examiners and others, as needed, to ensure effective and efficient internal audit coverage of the businesses and functions audited by IADA.
Assist in the design, development and implementation of IADA’s Annual Plan and Schedule, and in the preparation and/or presentation during the year of related MIS reports.
Cooperate as needed with supervisory authorities, external auditors and other service providers in the conduct of their activities at Mizuho.
Represent IADA, as directed, on Bank Committees, sub-Committees, Special Project Teams, Working Groups or Meeting Groups.
Cooperate fully with directives and requests from IADA’s Quality Assurance Support and promote the ongoing effectiveness of IADA’s Quality Assurance function.
Perform other assignments as may be directed by IADA senior audit management.