Mizuho-posted 11 days ago
$137,500 - $185,000/Yr
Full-time • Mid Level
Hybrid • New York City, NY
5,001-10,000 employees

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. Mizuho is seeking a highly skilled and experienced individual to join our Stress Testing and Capital Analysis team as a Vice President. The Stress Testing and Capital Analysis team sits within the firm’s Enterprise Risk Management (ERM) function and is responsible for the design, calculation, and analysis of stress testing scenarios and results across financial exposures that contribute to the firm’s capital usage. Additionally, as part of the firm’s annual Risk Appetite process, the team executes stress loss calculations based on the expansion of CCAR scenarios and produces RWA forecasts. This role involves developing and maintaining stress testing scenarios and related models, coordinating with stakeholders, and ensuring compliance with regulatory requirements.

  • Scenario Design: Assist with the design and implementation of new stress scenarios that align with evolving market conditions, regulatory guidelines, and the bank's risk appetite.
  • Scenario Expansion: Implement scenario expansion models on regulatory (CCAR) and other internal stress scenarios, evaluate the accuracy and consistency of the scenarios.
  • Scenario Evaluation: Continuously assess market conditions and the firm’s portfolio to evaluate the relevance of existing stress scenarios, making recommendations for improvements as needed.
  • Stress Testing Production: Produce comprehensive stress test results that provide in-depth insights into the risk drivers, facilitating clear communication with risk management and other stakeholders.
  • Capital Analysis: Perform the required capital impact analysis across all of Mizuho’s capitalized entities. Develop a process for efficiently calculating capital impacts.
  • Process Improvements: Develop tools and processes to improve stress testing accuracy, reliability, and attribution.
  • Governance: Perform periodic and timely updates to the relevant Stress Testing Policies, Standards, and Handbooks Develop materials for the monthly Stress Testing Working Group.
  • Model Ownership: Maintain and update the models owned by the stress testing team to ensure compliance with Model Risk requirements.
  • 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+ 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.
  • Proficiency in data mining/gathering, quantitative modeling, statistical analysis, and stress testing methodologies.
  • Strong knowledge of cash and derivative products within fixed income and equity asset classes.
  • Proficiency in using programming languages and tools such as R, Python, SQL, VBA, Power BI for statistical and econometric analysis.
  • Ability to leverage AI tools for improving models and processes.
  • 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.
  • In addition to salary and a generous employee benefits package, including Medical, Dental and 401K plans, successful candidates are also eligible to receive a discretionary bonus.
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