Credit Risk - Vice President

Overview: This job is with Mizuho, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.

Profile Summary: The Risk Management Department at Mizuho EMEA is responsible for delivering an independent assessment of the risks taken across all the business activities of Mizuho EMEA, and the revenue generated in relation to these risks. It is also responsible for implementing a risk management framework consistent with the risk appetite and capacity of resources, in agreement with the EMEA CIB strategy and senior stakeholders of Mizuho Group. The department is led by the Chief Risk Officer and is made up of the following teams:

• Credit Risk Management
• Market Risk Management
• Contingent Risk Management
• Regulatory & Liquidity Risk Management
• Operational Risk Management
• Quantitative Risk
• Stress Testing
• Risk Management Planning

Duties and Responsibilities:

• Evaluating the firm’s exposure to credit risk, providing detailed analysis and recommendations in conjunction with the firm’s risk appetite across all counterparties and products.
• Assessing counterparty credit risk and performing reviews across FIs; NBFI (including hedge funds; insurance companies; SSA and other investment funds) in line with the department’s review cycle.
• Undertaking country and sovereign reviews on a regular basis and dealing with ad-hoc limits requests.
• Evaluating new business proposals and one-off transactions approvals providing detailed analysis and recommendations.
• Input into various risk reports and investigating exposure discrepancies and limit breaches.
• Where necessary, liaising with Head Office for limits approval.
• In conjunction with Front Office management and the Senior Credit Officers, assessing the allocation of limits across products.
• Liaising with the Legal Department and opining on the credit terms in relevant documentation for traded products including ISDA/CSA and GMRA agreements.
• Reviewing daily credit news and rating actions to ensure that risks are managed effectively, and appropriate actions are taken promptly.
• The role will demand a hands-on approach, with the individual required to follow the credit approval process through from beginning to end. This will include dealing with all of the administration side of approval and credit assessment process.

Qualifications, Skills, and Experience:

• Demonstrated investment banking credit analysis experience on full spectrum of financial institutions.
• Good working knowledge of trading room products including derivatives, repo, fixed income, cash trading and FX.
• In-depth understanding of credit risk frameworks, risk appetite and exposure reporting.
• Analysis of one-off trades and experience of investment banking products with the ability to understand associated risks in bespoke transactions.
• Country and sovereign risk analysis.
• Hedge funds credit analysis and markets standards practice.
• Presenting and recommending credit applications to senior management and committee forums.
• Numerate with good presentational skills (written and spoken).
• Willing to cover a wide range of activities, some of which are procedural.
• PC skills: good working knowledge of MS Office (PowerPoint, Word and Excel) and Bloomberg.
• Think strategically / outside the confines of the credit risk analysis when assessing a deal.
• Participate in client meetings.
• Perform with minimum / no supervision.

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

For applicable roles only: 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.

If you require more information about our equal opportunities policy or wish to discuss any accessibility requirements or reasonable adjustments please contact the recruitment team - recruitment@mizuhoemea.com and we will be happy to help.