Regulatory Reporting Quality Assurance, AVP / VP (Broker Dealer regulation)

Quality Assurance Unit

The Quality Assurance Unit is responsible for enhancing the integrity of the regulatory reporting processes and reporting issues stemming from data quality as well as the overall control environment through performing periodic and ongoing assessments of the accuracy, completeness, and timeliness of regulatory reports submitted to the U.S. regulators. The Unit also partners with stakeholders across multiple functions to identify improvement opportunities, implement process and control enhancements for the regulatory reporting activities to keep abreast of the industry standards.

Summary

This position is primarily responsible for execution of Mizuho's Regulatory Reporting Quality Assurance Program and providing additional line of defense for Mizuho Americas regulatory reporting. The position will (1) assist the planning and execution of periodic reviews of regulatory reports to ensure that reports are prepared in accordance with regulatory reporting instructions and guidance, regulators' expectations, and industry best practices. (2) Communicate observations and enhancement opportunities to senior management as well as other key stakeholders such as regulatory reporting production teams, financial accounting teams, internal audit, data management office, operation, and IT. (3) Support management with regulatory exams formulating interim communications with the regulators. This includes reviewing materials and coordinating across multiple departments to prepare presentation materials. The position requires wide breadth of expertise in various regulatory reporting, especially for broker dealer regulatory reports, as well as experience in managing projects and staff members.

Core Responsibilities

Conduct planning, execution of Mizuho's Regulatory Reporting Quality Assurance Program with various regulatory reports, especially broker dealer regulatory reports such as FOCUS, SSOI, OBS reports. In-depth knowledge on 15C3-1 and 15C3-3 calculation is expected for this candidate.

• Operate independently of the day-to-day regulatory report testing and validation processes for the accuracy and completeness of regulatory reports in accordance with regulatory reporting instructions and guidance, regulators' expectations, and industry best practices. Conduct investigations or perform research to drive conclusions on any questions brought up from the testing. Testing procedures include risk ranking, data analysis / profiling, transaction testing, control testing, and conformance review; consolidate findings for QA Quarterly Report.
• Report, monitor, and escalate issues to management or other relevant stakeholders on a periodic basis, monitor issue remediation status, drive issues to closure, and validate issue remediations.
• Interact with various business areas for potential enhancements to the regulatory reporting process.
• Maintain up-to-date knowledge of financial and regulatory reporting requirements, 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 senior management.

Qualifications

The expected base salary ranges from $91,000 - $185,000. 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, including Medical, Dental, and 401K plans, successful candidates are also eligible to receive a discretionary bonus.

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.

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.