Director, Stress Testing and Capital Analysis

Summary:

The Americas Risk Management unit is responsible for monitoring and evaluating risks across a number of categories within Mizuho U.S Operations, keeping them contained within management's appetite by implementing policies and procedures to minimize losses and improve efficiency. Mizuho is seeking a highly skilled and experienced individual to join our Stress Testing and Capital Analysis team as a Director.

The Stress Testing and Capital Analysis team sits within the firm's Enterprise Risk Management (ERM) function and is responsible for the design, calculation, and analysis of stress testing scenarios and results across financial exposures that contribute to the firm's capital usage. Additionally, as part of the firm's annual Risk Appetite process, the team executes stress loss calculations based on scenario expansion techniques and produces RWA forecasts.

This role involves developing and maintaining stress testing scenarios and related models, coordinating with stakeholders, and ensuring compliance with regulatory requirements. This is a highly visible position with broad exposure to multiple business lines, trading strategies, and financial products, requiring collaboration with Front Office, Risk Stripes, IT, Model Validation, and Audit functions.

Responsibilities:

* Scenario Design:
Lead in the design, calibration, and implementation of new stress scenarios that align with evolving market conditions, regulatory guidelines, and the bank's risk appetite.

* Scenario Expansion:
Execute scenario expansion models on regulatory (CCAR) and internal stress scenarios, evaluating their accuracy and consistency.

* Stress Test Calculation:
Liaise with risk managers and infrastructure partners to ensure correct implementation of stress tests in calculation systems, providing analysis and signoffs.

* Stress Test Explains:
Produce stress test results and documentation that provide in-depth insights into risk drivers, facilitating clear communication with stakeholders.

* Risk Appetite:
Contribute to the annual capital stress testing process and regulatory capital plan submission; ensure accurate, timely reporting of stress loss estimates and RWA forecasts.

* Process Improvements:
Develop internal tools and drive IT projects to improve stress testing accuracy, reliability, and attribution.

* Governance:
Maintain and update relevant Stress Testing Policies, Standards, and Handbooks. Coordinate materials to be presented at the monthly Stress Testing Working Group.

* Model Ownership:
Maintain and update the models owned by the stress testing team to ensure compliance with Model Risk requirements.

Qualifications:

* Bachelor's degree in a quantitative field such as Financial Engineering, Mathematics, or another relevant science; master's degree preferred.

* 6-10 years of experience in Market Risk and/or Stress Testing within a large institutional bank, demonstrating strong knowledge of financial markets and risk management principles.

* Strong leadership and communication skills, with the ability to collaborate with diverse teams and present complex information to senior management.

* Proficiency in data mining, quantitative modeling, statistical analysis, and stress testing methodologies.

* Strong knowledge of cash and derivative products in fixed income and equity asset classes.

* Ability to use R, Python, SQL, VBA, and Power BI for statistical and econometric analysis.

* Ability to leverage AI tools (e.g., Copilot) to improve models and processes.

* Effective oral, written, listening, and presentation skills.

* Familiarity with regulatory requirements related to stress testing, including DFAST, CCAR, Basel III, and FRTB.

The expected base salary ranges from $150,000 - $210,000. 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.

#LI-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…