Internal Auditor Risk Management Model Risk,

NEW YORK, NYPosted 25 days ago

Job summary

• Job post source

  This job is directly from Mizuho

• Job overview

  The Internal Auditor Risk Management Model Risk role at Mizuho involves performing independent third line reviews of risk and pricing models to ensure robust documentation and compliance with model risk management policies.

• Responsibilities and impact

  The candidate will conduct audits of various financial models, evaluate model documentation and compliance with regulatory guidelines, assess assumptions and limitations, and communicate findings to senior management.

• Compensation and benefits

  The base salary ranges from $127,000 to $220,000, with additional discretionary bonuses and a comprehensive benefits package including medical, dental, and 401k starting from day one.

• Experience and skills

  Requires 5-7 years of relevant experience in model validation, development, or risk management, advanced degree in a quantitative field, knowledge of derivatives pricing and risk, strong communication and technical writing skills; familiarity with statistical analysis, SR 11-7 guidance, vendor pricing platforms, and programming skills are desirable.

• Work environment and culture

  Mizuho offers a hybrid working program with varying remote work opportunities depending on role and department needs, emphasizing compliance with local laws and regulatory obligations.

• Company information

  Mizuho Financial Group is the 15th largest bank globally with ~$2 trillion in assets, employing 60,000 worldwide, providing comprehensive financial services across 35 countries, with a strong presence in the Americas through corporate and investment banking, capital markets, and advisory services.

• Team overview

  The role is within the Internal Audit Department Americas, specifically the Risk Management Audit Team, which performs audits across various business areas to evaluate risk management and governance effectiveness.

• Job location and travel

  This is a hybrid role based in the New York City office.

• Unique job features

  The position offers the opportunity to work on independent third line reviews of complex financial models, ensuring compliance with regulatory standards like SR 11-7, and involves interaction with senior management on audit findings.

Company overview

Mizuho Financial Group is a prominent Japanese banking holding company that provides a wide range of financial services, including banking, trust banking, securities, and asset management. The company generates revenue through interest income, fees, and commissions from its diverse financial products and services. Established in 2000 through the merger of Dai-Ichi Kangyo Bank, Fuji Bank, and the Industrial Bank of Japan, Mizuho has a significant presence in both domestic and international markets, focusing on corporate, retail, and investment banking.

How to land this job

• Position your resume to emphasize your experience in model validation, risk management, or related quantitative fields, highlighting any work with derivatives pricing, model documentation, and compliance with regulatory standards like SR 11-7.

• Focus on showcasing your technical skills including advanced quantitative degrees, knowledge of derivatives pricing across asset classes, and familiarity with model risk management policies to align with Mizuho's expectations.

• Apply through multiple platforms such as Mizuho's corporate careers page and LinkedIn to maximize your visibility and chances of landing the Internal Auditor Risk Management Model Risk role.

• Connect on LinkedIn with professionals in Mizuho’s Internal Audit Department or Risk Management Audit Team; use ice breakers like commenting on recent Mizuho audit initiatives or expressing interest in how the team manages model risk and regulatory compliance.

• Optimize your resume for ATS by incorporating keywords from the job description such as 'model validation,' 'SR 11-7,' 'derivatives pricing,' 'risk management,' 'internal audit,' and 'model documentation' to ensure your resume passes initial automated screenings.

• Utilize Jennie Johnson's Power Apply feature to automate tailored applications across multiple sites, identify LinkedIn contacts for networking, and optimize your resume for ATS, allowing you to focus your time on preparing for interviews and networking.