Model Validation, Associate/AVP (Risk and Capital) - Mizuho Bank

Summary

Mizuho America’s Model Risk Management is the firm’s second line of defense tasked with managing model risk generated via the firm’s various entities and corporate functions. The group is tasked with establishing and implementing an SR 11-7 consistent risk management framework by which the firm’s model inventory is effectively challenged and validated. The group is additionally tasked with managing model risk governance, ensuring compliance with policies, procedures, and regulatory rules. Mizuho seeks a highly motivated individual to serve as a Model Validation Associate. The employee will work within the Model Risk Management Group. They will perform model validation of Bank’s capital and risk management models.

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

Qualifications

• 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

• Industrial Financial Services experience performing one of the following; model validation, model development, risk management or related fields is a plus

• Strong oral communication and technical writing skills

• Strong programming and database skills

• Understanding of SR 11-7 guidance on model risk management

The expected base salary ranges from $83,000 - $125,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

#WayUp

#Hybrid

Other requirements

Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations.

Company Overview

Mizuho Americas is the fastest growing region within Mizuho Financial Group (NYSE: MFG), the 15th largest bank in the world with total assets of approximately $2 trillion. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America and our capabilities span investment and corporate banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Mizuho Americas employs more than 3,000 professionals across 15 offices within the Americas. Learn more at www.mizuhoamericas.com.​

Mizuho Americas offers a competitive total rewards package.

We are an EEO/AA Employer - M/F/Disability/Veteran.

We participate in the E-Verify program.

We maintain a drug-free workplace and perform pre-employment substance abuse testing.

#LI-MIZUHO