Credit Risk Rating Model Developer - VP at Mizuho Americas Services LLC in New York, New York

Job Description:

Summary

As a VP-level quantitative credit risk rating model developer, you will be responsible for all aspects of the model development and maintenance in an intellectually interesting environment. You will join the Credit Risk Analytics group and partakes in the re-design and re-development of credit risk rating models (PD rating models) for the bank’s wholesale portfolio.

Responsibilities

• Work in a small team re-developing and maintaining credit risk rating (PD rating) models for wholesale credit portfolios.




• Develop credit risk rating methodologies, algorithms, and tools for model development as well as for testing of model robustness, stability, and overall performance.




• Implement quantitative analytical tools and support model implementation to the production environment.




• Conduct reliability analyses and perform quality control of modeling data and model results.




• Create and maintain technical documentation for modeling methodologies and applications, including model descriptions, mathematical derivations, data analyses, processes, and quality controls.




• Assist management in advising internal stakeholders on all aspects of rating models and related projects, including the analysis and interpretation of model results, incorporating their feedback as appropriate.




• Assist in the development of reports, presentations and training materials on credit risk analytics for both technical and non-technical audiences.




• Assist with other related projects as required, e.g., PD quantification.

Qualifications

• Ideally a PhD in statistics, economics, or physics. Strong master’s degree in these fields will be considered. Applicable work in related quantitative fields such as math or statistics will also be considered.




• At least 5 years of hands-on quantitative model development / validation experience and proficiency in handling very large and complex data sets.




• Experience in a quantitative role in risk management at a financial institution with experience in either model development or validation.




• Exceptional skills in quantitative methods (hypothesis testing, regressions, simulation e.g., MCMC etc.)




• Strong practical experience using python or R to build and test statistical models/risk rating/scoring.




• General knowledge of wholesale banking, corporate accounting and credit risk rating evaluation.




• Developed communication and diplomacy skills are required in order to influence and convince stakeholders throughout model lifecycle.




• Self-motivated, detail oriented, and strong project management and organizational skills.

The expected base salary ranges from $127,500 - $180,000. 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.

#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. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process.   

Company Overview

Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill​, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit 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 reserve the right to require pre- and post-hire drug testing as permitted by applicable law.

#LI-MIZUHO