Model Risk Management, AVP

Mizuho Corporate Bank • New York, NY

409d • $90,000 - $150,000 • Hybrid

About The Position

The Model Validation AVP will be part of the Mizuho Americas Model Risk Management team, which serves as the second line of defense in managing model risk across the firm's various entities. This role involves validating the Bank's capital and risk management models, ensuring compliance with regulatory standards, and supporting the model lifecycle from validation to approval.

Requirements

• Advanced degree in a quantitative discipline.
• General knowledge of stochastic calculus, statistical analysis; derivatives pricing theory across one or more asset classes (IR/FX/Credit/Equity), traded products and market/credit risk.
• Minimum 1-5 years of Financial Services experience performing one of the following; model validation, model development, risk management or related fields.
• Strong oral communication and technical writing skills.
• Strong programming and database skills.
• Understanding of SR 11-7 guidance on model risk management.

Responsibilities

• Provide independent review and validation of a variety of capital, risk, margin and other models.
• Evaluate the models based on various aspects including model data and parameters, design and methodology, implementation and model documentation; perform model benchmarking by using alternate approaches; assess model assumptions and limitations.
• Verbally communicate validation results and discuss issues, challenges and methodologies with internal audiences including senior management.
• Support tracking of corrective action plans for models and ensure that they are closed appropriately.
• Engage in the entire model lifecycle, describe and support model validation outcome during model approval process.
• Work with model owners, developers and users to ensure models are operating within the framework of the Mizuho Americas Model Risk Management Policy.

Benefits

• Competitive salary ranging from $90,000.00 - $150,000.00 based on skills and experience.
• Generous employee benefits package.
• Eligibility for a discretionary bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Master's degree
• Number of Employees: 1,001-5,000 employees