Regulatory Reporting Quality Assurance, VP

Quality Assurance Unit:

The Quality Assurance Unit is res ponsible for enhancing the integrity of the financial regulatory reporting processes, reporting data quality as well as the overall control environment through performing periodic and on-going assessments of the accuracy, completeness and timeliness of financial regulatory reports submitted to the U.S. regulators. The Unit also partners with stakeholders across multiple functions to identify improvement opportunities and implement process and control enhancements.

Summary:

This position is primarily responsible for testing and validating multiple regulatory reports to ensure that reports are prepared in accordance with regulatory reporting instructions, guidance, regulators' expectations and industry best practices and communicating issues and enhancement opportunities to senior management. In addition, this position supports management with the regulatory exams as well as interim status updates with the regulators. This includes ensuring preparedness, reviewing materials provided to the regulators, and coordinating across multiple departments to prepare presentation materials.

• Assist management in the planning, design, and execution of Mizuho's quality assurance program in accordance with the firm's risk assessment framework for the regulatory reporting of Mizuho's U.S. entities including banking entities, broker-dealer, swap-house, leasing and other subsidiaries;
  
• Review and monitor the preparation and filling of financial regulatory reports (including FR 2052a), as well as structure reports (FR Y-6, FR Y-7 and FR Y-10) in accordance with the Quality Assurance Unit procedures;
  
• Operate independently of the day-to-day regulatory report preparation process and maintain validation and testing processes for the completeness and accuracy of regulatory reports, in accordance with regulatory reporting instructions, guidance, expectations, and industry best practices;
  
• Monitor, escalate and report issues to management or other relevant stakeholders on a periodic basis;
  
• Interact with various business areas for potential enhancements to the regulatory reporting process;
  
• Assist in designing, delivering and maintaining a regulatory reporting training program within the organization and gain buy-in from relevant stakeholders;
  
• Maintain up-to-date knowledge of financial and regulatory reporting requirements and offer recommendations to enhance controls and processes to ensure accuracy and completeness of Mizuho's regulatory filings;
  
• Solve other relevant issues that may arise on an ad-hoc basis and participate in other departmental projects as assigned by management.
  

• Bachelor's degree;
  
• CPA or CFA certification preferred;
  
• 8 or more years of relevant experience at a large and complex financial institution in performing financial and regulatory reporting, regulatory reporting quality assurance or internal audit;
  
• Advanced knowledge of regulatory reporting and regulatory reporting operations;
  
• Advanced knowledge of financial and banking products;
  
• Advanced knowledge of financial accounting including relevant US GAAP for the financial services industry;
  
• Experience in project management, including running meetings, tracking issue resolution progress and driving issues to closure;
  
• Experience in planning and performing financial audits is preferred;
  
• Excellent analytical and verbal/written communication skills;
  
• Advanced proficiency in performing financial review and analysis using MS Excel and operational knowledge in Power BI and Alteryx;
  
• Knowledge of U.S. Basel III capital adequacy requirements including calculation methodologies for Risk Weight Assets (RWA) preferred;
  
• Demonstrated strong logical reasoning and thinking;
  
• Demonstrated ability to learn and apply new concepts quickly.