Regulatory Relations

Mizuho•New York, NY

3d•$162,000•Hybrid

About The Position

The Mizuho U.S. Operations (“MUSO”) Regulatory Affairs Group is responsible for managing the Bank’s regulatory relationships and engagement across MUSO. The group is responsible for managing regulatory examinations, reviews, continuous monitoring, inquiries, regulatory change management, firmwide regulatory projects and other regulatory-related matters. The Regulatory Affairs Group also performs oversight and management of the regulatory issues to ensure they are properly evaluated, managed, addressed, and validated. The Regulatory Relations Team is seeking a Vice President (“VP”) to primarily lead and coordinate supervisory examinations, routine continuous monitoring meetings and other regulatory interactions. The VP will also lead in the oversight of regulatory remediation program and associated reporting to senior management and regulators. The VP will liaise and collaborate with relevant, firm-wide stakeholders to ensure regulatory deliverables are comprehensively addressed in a timely manner.

Requirements

Bachelor’s degree or equivalent required.
7-10 years of experience in financial institution.
Banking/Regulatory Knowledge: Demonstrated experience in regulatory exam management. Demonstrated expertise in the regulatory oversight process, including deep knowledge of FRB, NYSDFS regulators. Knowledgeable in the regulatory oversight by the CFTC, FINRA, NFA, SEC, and other U.S. regulatory bodies. Experience in review of regulations related to bank holding companies/intermediate holding companies (bank regulatory capital requirements under FRB guidelines and Basel Accords, enhanced prudential standards under Dodd-Frank and Volcker Rule requirements). General knowledge of financial products and businesses, including lending and underwriting business, products in the securities markets, risk stripes (credit, market, portfolio, model, liquidity, operational), operations, treasury, compliance, financial crimes and IT/cyber risks.
Technical Skills: Excellent verbal and written communication skills Expertise in PowerPoint and Excel Ability to work with Share Points and GRC tools, including proposing and executing enhancements and assessing the impact to end users, reporting, etc.
Execution Skills: High level of attention to detail Excellent organizational skills to accommodate difficult deadlines across multiple regulators and businesses. Ability to execute BAU programs and operations independently with minimal supervision. Ability to develop strong internal network across businesses and control functions to address regulatory deliverables in a timely manner. Experience in operating in large, complex organizations. Strong follow-up skills.
Eligibility to work in the U.S.

Nice To Haves

Experience in managing a team is a plus.

Responsibilities

Manage Supervisory Examinations and Routine Continuous Monitoring Activities: Manage internal coordination of interactions with U.S. prudential and securities regulators and Japanese regulators. Support supervisory examinations as a central contact for business and control functions. Responsibilities include, but not limited to, drafting of regulatory responses with stakeholders, development of regulatory meeting presentation materials and meeting minutes, advising on regulatory interactions and tracking regulatory requests and firm’s responses. Maintain and enhance governance documents related to supervisory examination.
Manage the Remediation Program Framework: Manage various remediation workstreams to support the firmwide regulatory remediation program. Lead remediation oversight as a central contract for business and control functions. Responsibilities include, but not limited to, drafting of Management Response Letter and remediation plan with stakeholders, development of regulatory meeting presentation materials and minutes, tracking and monitoring of remediation actions committed to regulators. Creation of ad-hoc reports on the status of regulatory issues. Facilitate escalation and resolution of any material issues, delays or stakeholder conflicts related to remediation. Oversee the monthly Regulatory Remediation Oversight Committee, including development of meeting materials and minutes. Support the development of other reporting and presentations for various internal committees and senior management. Maintain and enhance governance documents related to remediation program. Maintain and enhance data integrity related to regulatory commitments within the firm’s GRC tool.
Enhance Regulatory Awareness within the Firm: Collaborate with Regulatory Change Management Team to keep abreast of the changes in laws, rules and regulations. Lead the preparation of weekly Regulatory Highlights and various management level committee materials. Develop strong internal network across businesses and control functions in order to gain deep knowledge of the internal strategies and initiatives