Operations Regulatory Reporting Officer at Mizuho Americas Services LLC in New York, New York

Job Description:

Why Mizuho

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.

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 and drive, you can amplify your sphere of influence and base of knowledge as part of one of the largest—and growing—banks in the world.

About the Team

Operations Regulatory Reporting is a newly created team within Operations that is responsible for the execution and submission of regulatory reports to the various regulators. The team's daily operations ensure the bank meets its regulatory reporting obligations and that data is reported in an accurate and timely manner. They proactively look for process improvements, investigate issues and propose solutions ahead of submission (where possible) to ensure accurate submissions. Further, the team plays a key role (in collaboration with legal, compliance, IT, etc) in the analysis, requirements specifications, and implementation of new regulatory reporting requirements as relevant to their remit.

Summary

The Operations Regulatory Reporting Officer position will play a key role in the development of this newly created team to ensure the bank meets its obligations to deliver timely, complete, and accurate regulatory reports. They will be responsible for executing and monitoring these reports on the appropriate cadence (e.g. daily, monthly, quarterly, etc). They will also proactively investigate and remediate any breaks or issues ahead of submission to ensure reporting integrity. They should be comfortable and competent in working with large data sets. Additionally, in this role, the individual will need to understand the various complex regulatory rules and will contribute analysis and translation of various Broker-Dealer regulatory requirements in collaborations with other stakeholders (e.g., legal, compliance, IT, etc.) to support the creation and maintenance of these reports. This role will provide the individual the opportunity to expand their expertise in the regulatory reporting space and contribute to the creation and expansion of this new team. The role reports into the Head of Operations Regulatory Reporting.

Responsibilities

• Generate, submit, and/or monitor various regulatory reports on a daily, monthly, quarterly, cadence as appropriate


• Contribute to end-to-end regulatory reporting process design and implementation


• Assist in the design and implementation of a control framework


• Produce various metrics and statistics to support management oversight of the team


• Execute controls over the end-to-end process as appropriate


• Drive the analysis and research required to transform data into information for reporting purposes


• Leverage large data sets to investigate issues and ensure data quality and integrity


• Engage with the appropriate stakeholders on various regulatory changes to understand the impacts and requirements


• Take the lead on analysis and implementation of regulatory reporting solutions


• Work with IT to specify requirements for new and/or existing regulatory reports


• Provide presentations, information and/or recommendations to senior management as needed


• Play a leading role in the rollout of new regulatory reporting platform


• Manage vendor relationships as appropriate


• Review the work completed by less experienced staff


• Establish strong working relationships with multiple areas across Mizuho including compliance, risk, accounting, product controls, legal, etc.


• Maintain effective and professional relationships with internal and external auditors as needed

Qualifications

• Bachelor's degree or equivalent combination of education and work experience required. Accounting or Finance concentration preferred


• 11+ years of work experience preferred at a large financial institution with significant work in the regulatory reporting space


• Have a strong controls mindset


• Solid understanding of key financial products particularly equities, fixed income and derivatives instruments


• Strong experience in one of the key product areas covered by the team (e.g., equities, fixed income, derivatives, etc.)


• Experience working with various stakeholders on regulatory examinations, remediations, and/or escalations


• Comfortable working with data and using it to proactively identify potential reporting issues


• Strong written and oral communication skills with experience reporting to different levels of management


• Ability to work within a team in a dynamic environment


• Ability to zoom in and zoom out of an issue to understand the details of an issue and its larger context/impact


• Strong knowledge of various FINRA, SEC, or CFTC regulations


• Experience with various regulatory reports (e.g. CAT, CAIS, EBS, LOPR, etc.)


• Highly organized, strong attention to details, and methodical approach to analysis


• Goal driven and self-motivated


• Experience designing processes and controls


• Experience in reviewing regulations and translating requirements into functional specifications/ business requirements


• Eligibility to work in local market

The expected base salary ranges from $125,000- $230,000. 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.