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Credit Review Vice President at Mizuho Americas Services LLC

Posted in Accounting 30+ days ago.

Type: Full-Time
Location: New York, New York





Job Description:

About the Team

CRAD's mission is to operate as a third line of defense (“3rd LOD”) independent from the credit approval process and provide Bank senior management and Board of Directors an independent assessment and objective challenge that will ensure accurate credit ratings, adherence to policies and procedures, effective credit risk management, and address regulatory requirements.

Summary

This position requires an individual with a strong credit analysis background covering corporate borrowers across various industry segments. The candidate will assist the Team in completing the annual review plan by conducting independent credit reviews to ensure compliance with Bank policies and procedures as well as adherence with regulatory guidelines. The ideal candidate will possess the ability to communicate credit risk management weaknesses identified to Credit Review senior management and the line of business; as well as effectively challenge internal and regulatory risk ratings where appropriate.

Responsibilities

Reviews:


  • Assess the sufficiency of credit risk monitoring programs, relevant performance covenants and monitoring guidelines and trigger events. Ensure all credit extensions are made in compliance with Mizuho’s lending policies, procedures, and regulatory guidelines.

  • Evaluate borrower financial performance through the assessment of financial statements and credit risk metrics, including income statement, cash flow statement, balance sheet and capital structure analysis. Evaluate the financial performance against all base and stress-scenario financial projections as required.

  • Determine the accuracy of U.S. Regulatory Classifications and internal risks ratings / Head Office Customer Categorization, Recommend, document and fully support all changes to the same in the accordance with Credit Review’s position as final arbiter.

  • Use knowledge of industry best practices, regulatory requirements and professional experience to identify deficiencies and/or areas of improvement in Mizuho’s credit risk management processes, procedures and policies.

  • Verify the adequacy of the Allocation for Loan and Lease Losses (ALLL) procedures as required.

  • Perform regular Risk Assessments for assigned portfolio segments to accurately document Credit Review’s current opinion of the quantity, quality and direction of credit risk in the Mizuho America’s portfolio. Maintain regular contact with front office, credit, audit and compliance colleagues, and utilize third-party resources and professional networks, to provide as accurately and timely an assessment as possible.

  • Perform Continuous Monitoring reviews on assigned portfolio segments to enhance the early detection of credit risk in the Mizuho America’s credit portfolio and enhance Credit Review’s Risk Assessment process.

  • Maintain in-depth knowledge of assigned portfolio segments as assigned.

  • Draft potential review issues for discussion with relevant Reviewer-in-Charge, Credit Review management and with review targets as directed.

  • Maintain in-depth knowledge of all policies and procedures related to lending, credit rating and problem loan monitoring. Proactively recommend changes to Mizuho’s and Credit Review’s policies and procedures as needed.

  • Perform ad-hoc/ancillary projects in support of the overall CRAD function

  • Maintain a thorough understanding of the bank’s compliance rules and regulations in accordance with the directives of Americas Legal & Compliance Department (ALCD) and in compliance with Mizuho’s Code of Conduct.

Qualifications


  • Bachelor’s degree or equivalent corporate banking work experience with postgraduate business degree and/or CFA preferable.

  • Minimum 7 year’s credit risk management experience (bank, rating or U.S. bank regulatory agency, consulting etc.), with formal credit training, a plus.

  • Proficient in applying credit risk management standards, techniques and methodologies.

  • Knowledge of U.S. regulatory environment and emerging risks.

  • Strong computer proficiency (MS Office) and ability to acclimate to MHBK proprietary systems.

  • Ability and willingness to articulate verbal, well-written, and supported credit review opinions, including those divergent from 1st and 2nd Lines of Defense.

  • Collaborative approach to work with the CRAD team and 1st and 2nd Line of Defense stakeholders.

  • Capacity to manage competing project priorities and a diverse workload.

  • Strong interpersonal skills, strong work ethic and self-motivated.

  • Ability to work independently, accept accountability and demonstrate initiative.

  • Mizuho Bank Ltd. 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.

Other requirements

In accordance with New York City law, employees based in Mizuho’s New York City office are required to be fully vaccinated against COVID-19 to work on-site (unless a legally-required accommodation has been approved).  Mizuho has in place a pilot remote 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 a leading financial institution comprising several legal entities, which together offer clients corporate and investment banking, financing, securities, treasury services, asset management, research and more. Mizuho’s operations in the Americas connect a broad client base of major corporations, financial institutions and public sector groups to local markets and a vast global network. Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), which is comprised of offices in nearly 40 countries, approximately 60,000 employees, and assets of more than USD 1.8 trillion. Learn more at mizuhoamericas.com.

Mizuho Bank Ltd. 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





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