Product Control - AVP | London, UK

Who are we? We are not your typical financial institution. It's our people who make us a cut above. Here, every person is respected because of their differences, not in spite of them. We pride ourselves on a culture of purpose, passion and compassion. At Mizuho, we provide the stability of an international industry leader with the career trajectory of a growing business. Our steady, strategic growth gives our people at all levels rewarding degrees of responsibility and a richer work experience than a boutique firm or an established giant could offer alone. Working for Mizuho opens doors not just to a rewarding career with excellent prospects, but to lasting friendships with colleagues from diverse cultures. It's the local expertise of our employees that makes our global network so powerful. By collaborating with colleagues and clients who have your same ambition, you can amplify your sphere of influence and base of knowledge as part of one of the largest-and growing-banks in the world.

What is the opportunity? The Finance Department provides support to a wide spectrum of clients including the Board and its Sub-Committees, MHSC (as the Shareholder), Senior Management and the business lines. It fulfils the role and responsibility of providing internal and external financial measurement and reporting on business performance to management and all areas of the global organisation. The Finance Dept comprises 4 specialist teams:

• The Financial Reporting Team produces management accounting information to aid the efficient and effective operation of the business and leads the annual business planning process, coordinates the external audit and produces the published accounts.
• The Product Control area is responsible for the main financial reporting and control functions relating to the trading elements of MHI, including the valuation of the Company's Balance Sheet. In this capacity it works closely with the business and Risk Management department both in London and Tokyo.
• The Regulatory Reporting Team is responsible for monitoring and reporting regulatory capital and liquidity to Senior Management, the business and respective regulatory bodies in the areas the company operates.
• The Tax function is responsible for tax policy, compliance, the management of the company's tax affairs and interaction with tax authorities.

What will you be doing? Reporting of Daily, Monthly & Year to Date Trading P&L and Balance Sheet for assigned desks as well as P&L attribution and commentary. Reconciliation between the front office systems and sub-ledger as well as firm's general ledger. Reporting of material adjustments to the P&L, including discrepancies to the desk's flash to the team supervisor. Ensure all balance sheet related breaks are investigated and resolved in a timely manner. Ensure daily control checks are completed for manager review, including review of the SOX daily checklist. Make necessary daily Post Close Entries (PCE's). Compiling infrastructure issues for remediation. Month end cost plus processing and adjustments. Daily FX exposure reporting. Month end netting and other adjustments processing. Assist Team Supervisor in provision of weekly and monthly commentary / analysis for Head of Department. Build good working relationships with Revenue division and other support departments. Compile commentary for covered desks on a monthly basis. Oversight of Offshore production on a daily basis. Liaise with offshore team managers to ensure timely resolution of breaks and meeting of reporting deadlines. Train and instruct any junior staff and new offshore team members. Assist team lead in compiling monthly balance sheet substantiation pack and account sign-off. Compile ad-hoc reporting and analysis for the desk. Participate on transition projects, including lead of workstreams as required. Develop new reporting processes and tools as required. Independent Price Valuation Monitoring of new trades P&L and review against market levels. Trade population & position checks.

What do you need to succeed? A strong desire to work in a finance role. A clear sense of direction and career plan. Basic Knowledge of financial markets. Experience in a banking audit role/finance role. Strong analytical skills; A Good grasp of basic bookkeeping. A demonstrable knowledge of financial products. Competent user of Microsoft Excel & Access. Exposure to derivative products and associated accounting entries. Undergraduate Degree level or equivalent.

What Mizuho can offer you: Here at Mizuho, there are fantastic progression opportunities and clear paths to promotion. We will give you ample opportunity to affect change and to help grow our business. In addition to the great opportunity outlined above we are also currently able to offer:

• Competitive starting salary, plus discretionary bonus.
• Non-contributory pension.
• 27 days' annual leave.
• Core working hours.
• Hybrid working - office and home based.
• Virtual GP.
• Wellbeing benefits, including Mental Health Allies and First Aiders.

At Mizuho, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs. At Mizuho we are committed to supporting equality, diversity and equality, and seek to create a workplace that is fully inclusive. We welcome applications from all sections of the community that we operate in and from all ethnic backgrounds, sexual orientation, beliefs, gender identities and disabilities.