Internal Audit - Operational Risk

JOB DESCRIPTION

DEPARTMENT

Internal Audit Department - Americas Office

TITLE

Vice President / Assistant Vice President

REPORT TO

Director

No. of Staff Supervised

Variable (4-8)

FUNCTION

IADA [Insert Department] –Function staff.

ABOUT THE TEAM

The Internal Audit Department Americas (IADA) provides internal audit services to the branches, representative offices and agencies of Mizuho Bank, Ltd. in the Americas, and to Mizuho Bank (USA). IADA’s mission is to act as an independent, objective assurance and consulting function, designed to add value and improve Mizuho Bank’s U.S. operations including the derivatives and broker dealer businesses. Based in the New York Metro area, IADA staff members perform various audits of different business areas of the bank to evaluate the effectiveness of risk management and governance processes. Along with its counterparts in London, Hong Kong and Singapore, IADA reports to and composes the overseas arm of MHBK’s Internal Audit Division (IAD).

Internal Audit Risk Management Group - Function’s Coverage Summary

Develop and execute a robust audit program of Mizuho’s operational risk related activities, including leading all aspects of the audit cycle and special projects specific to Internal Audit Risk Management Group. Contribute to the group’s strategic planning, process innovation, project management and talent development.

DETAILS OF JOB DESCRIPTION

1. Execute a robust audit program including leading the timely execution of audit planning, fieldwork, reporting and other administrative and management tasks pertaining to the Internal Audit Risk Management Group.

2.Execute in the design, development and implementation of Internal Audit Department America’s (IADA’s) annual risk assessment, audit plan and schedule, continuous monitoring and preparation and/or presentation of related MIS reports focusing on the audits within the Operational Risk Management Team. This individual will also be required to participate on other Risk Management audits and projects outside of the operational risk stripe.

3.Manage and review the activities and/or deliverables associated with issue testing including reviewing the approach, testing and reports for issues (e.g. regulatory, third-party and internal audit) assigned to the Risk Management Audit Team.

4.In accordance with the IADA policy and procedures, drive efficiency and operational excellence within the team by encouraging resources, demonstrating the use of available tools and sharing best practices teaching the use of available tools and resources and sharing of best practices.

5.Work with IADA Director/MD and management to effectively identify, analyze, and negotiate issue wording during the year. Assist with issue validation activities and support the escalation of issues by preparing report recommendations and conclusions in a timely manner.

6.Communicate, as needed, with Internal Audit Department (IAD) Head Office, other IAD overseas offices, IADA management and staff and other Mizuho areas/functions/personnel. Utilize advanced communication techniques to convey complex information and deliver strong arguments.

7.Represent IADA, as directed, on committees and/or special project teams as necessary.

8.As applicable, engage with supervisory authorities, external auditors and other service providers in the conduct of their activities at Mizuho.

9.Manage or perform other assignments or special projects as may be directed by the Director or Managing Director.

10.Create and maintain a work environment in which employees feel a sense of belonging and feel safe sharing opinions and views.

11.Act as a trusted advisor within team providing useful guidance in navigating the control environment and engaging in IADA operations.

12.Seek personal and professional growth opportunities while supporting the professional development of employees and team through coaching, mentoring, offering stretch assignments, and providing growth opportunities.

13.Partner and collaborate with IADA leadership and external business leaders, as needed.

14.Assist the Director with maintaining an Off-Site Monitoring Program for the Group’s portfolio of audits.

15. Demonstrate an understanding of key business strategies and regulations. Continuously scan the business, regulatory and financial environments for emerging and critical issues affecting the business focusing on Operational Risk Management regulatory requirements and industry best practices.

16.Cooperate with directives and requests from IADA’s Quality Assurance team, and promote the ongoing effectiveness of IADA’s Quality Assurance function.

LIST OF CORE COMPETENCIES

1.Holds a Bachelor’s Degree or equivalent in business, accounting, finance, economics, computer science or management information systems. May also hold an advanced or specialized degree and/or a professional certification (e.g., MBA, CPA, CA, CIA, CISA, CFE) or license relevant to the profession.

2.Demonstrates a sound understanding of the financial services industry, including audit, financial, [to be determined], risk management, or technology functions. Possesses at least 5-8 years of relevant work experience, including in internal auditing or external auditing, risk management, supervisory examinations, or their equivalent.

3.Demonstrates a sound understanding of internal audit principles, practices and techniques, the concepts of risk, risk management, internal control and compliance, and the ability to effectively and consistently apply such understanding to assignments. Demonstrate understanding and or have experience in Operational Risk Management first and second line controls and regulatory requirements.

4.Demonstrates the ability to effectively direct, guide, and supervise subordinate staff in the planning and execution of all phases of internal audits, issue testing and special projects, in a manner consistent with recognized professional standards and with applicable Mizuho/IAD/IADA policies and procedures.

5.Has excellent communication skills, both written and verbal, as well as strong relationship building skills with ability to work well within a team-oriented environment.

6.Demonstrates the ability to effectively evaluate the performance of the staff assigned to the group and manage their ongoing professional development.

7.Demonstrates the capacity for effective project and time management skills, including the ability to prioritize, design and direct multiple tasks/projects and to anticipate and meet required deadlines.

8.Demonstrates ability to support IADA leadership with interacting with supervisory authorities, audit committees, and senior audit leadership including metrics reporting to such parties.

9.Demonstrates ability to effectively support the team’s Director and Managing Director, with respect to the administrative management of IAD.

Other requirements

Mizuho has in place a remote 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.

Company Overview

Mizuho Americas is a leading financial institution comprising several legal entities, which together offer clients corporate and investment banking, financing, securities, treasury services, asset management, research and more. Mizuho’s operations in the Americas connect a broad client base of major corporations, financial institutions and public sector groups to local markets and a vast global network. Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), which is comprised of offices in nearly 40 countries, approximately 60,000 employees, and assets of more than USD 1.8 trillion. Learn more at mizuhoamericas.com.

Mizuho Bank Ltd. 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 perform pre-employment substance abuse testing.

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