Financial Resource Management Associate

Mizuho•New York, NY

12d•$91,000 - $120,000•Hybrid

About The Position

The Financial Resource Management (FRM) team is looking for a dynamic and skilled individual to spearhead the credit and market risk calculations, review and interpret new regulatory rules, partner with business to understand treatment of books under new regulations. The ideal candidate is a self-motivated professional who thrives in a fast-paced environment and has a proven track record of successfully driving projects to completion. The role will have responsibility for estimating, reporting, and managing financial resources throughout Mizuho Americas and will include enhancing our market and credit risk capital calculations and reporting framework, and addressing cross-functional queries and matters. The position is based in the New York City office, offering a unique opportunity to contribute to the continued growth and success of Mizuho’s Americas franchise.

Requirements

2+ years’ experience in FRM, risk management, or related area
Working knowledge of trading products (equity, bonds, ABS/MBS, derivatives, etc.)
Proficiency with Excel, PowerPoint, SQL, and Python
Effective communication skills: oral, written, listening and presentation

Nice To Haves

Bachelor’s degree in mathematics, statistics or finance is preferred
Consulting experience with Financial Institutions preferred
Good understanding of market risk concepts (Greeks, VaR, stress testing, etc.) or credit risk concepts (PD, LGD, EAD, ratings, etc.)

Responsibilities

Perform market and credit risk capital calculations for all Mizuho Americas businesses and products (banking, broker-dealer and derivatives trading) under Basel III
Conduct quantitative analyses to explain variation in the risk capital under US and Japanese Basel approaches
Prepare and distribute risk capital reports, including rigorous data validation and effective commentary
Review, monitor, and manage risk capital budgets
Establish, document, automate, and sustain new processes for capital calculations and reporting
Liaise with all Mizuho entities in the collection and integration of risk and capital data
Produce insightful reporting to management and stakeholders, informing how business decisions may be impacted by observed, and potential, changes in risk capital
Prepare analyses and commentary in response to audit and regulatory inquires on risk capital
Perform statistical analyses to forecast risk capital
Participate in the initiative to consolidate all capital calculations