Global Markets Audit-MD at Mizuho Americas Services LLC in New York, New York

Job Description:

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). 

Summary:

Reporting to the Chief Auditor of the Americas Region, the Audit Head for Global Markets will provide strategic and operational direction for the Audit Department. 

Purpose:

• Manage the Markets IA Team, providing strategic and operational direction;


• Ensure that the Markets IA Team provides an in-depth, independent risk-based audit service for the sales and trading businesses and the related support functions;


• Ensure that Markets IA Team fulfils its responsibilities in respect of the performance of SOX operating effectiveness testing;


• Provide to senior management advice on matters of operational risks and the firm’s control environment;


• Supervise internal audit activities in the markets business and support functions;


• Create and lead the implementation of the Markets IA Team’s objectives;


• Effectively manage and monitor all aspects of audit work on an ongoing basis, including any audit work that is co-sourced.


• Establish relationship with auditee management and implement a practice of ongoing communication

Expectations:

• Provide day-to-day management of the Markets IA Team, including reviewing risk assessments, work papers, and audit reports;


• Coordinate with both other IA Teams and co-source partners on MUSO-wide audits;


• Ensure objective, independent application of audit practices and methodologies that meet industry standards and IIA recommendations in the determination and execution of the annual audit plan.

Job Duties & Responsibilities:

• Responsible for development, approval and delivery of the strategic and operational plans for the Markets IA Team;


• Responsible for annual risk assessments of all auditable entities in the Markets businesses and related support and corporate functions;


• Responsible for quarterly continuous monitoring reports, including residual risk ratings for the Markets businesses and related support and corporate functions;


• Responsible for coordination with the SOX testing team to ensure adequate SOX coverage of Markets and related areas;


• Overall responsibility for the development of the Annual Audit Plan & implementation of the audits in Annual Audit Plan of the Markets IA Team;


• Responsibility for the audit reports produced by the Markets IA Team;


• Responsible for developing and maintaining high quality audit work performed by the Markets IA Team that meets the requirements of IIA standards;


• Responsible for continuously monitoring the effectiveness of the audit function

Knowledge & Skills:

Essential:

• Strong communication skills (i.e. the ability to write clear, concise reports within deadlines), must be able to present him/herself and views persuasively yet diplomatically both in writing and in personal contact with all levels of management;


• Inter-personal skills, i.e., the ability to work in a multi-national environment and build good relationships with key stakeholders;


• Analytical skills, i.e., the ability to evaluate critically the risks to the business objectives represented by the activities and risk management procedures in the bank;


• Technical skills, i.e., understanding of audit techniques and methodology and computer literate with the ability to operate office software;


• General Management skills, i.e., must possess good leadership capabilities, as well as tact and persuasion and have the personality and motivation to sell the audit image;


• Extensive knowledge of the audit and reporting process;


• Financial Control;


• Risk Management;


• HR Management;


• Broad and extensive knowledge of Financial and Capital Markets and Broker-deal and Swap dealer businesses;


• Product Knowledge – a broad and extensive knowledge of Investment Banking, Capital Markets sales and trading, including equities, fixed income and derivatives products;


• Project Management fundamentals; and


• Sufficient knowledge of US and Japanese financial services regulatory environment.

Key Behaviors / Competencies Required:

• Relationship Management


• Customer Service


• Team work


• Communication skills


• Personal Effectiveness


• Planning and Organization


• Compliance


• Delivering Results


• Critical Thinking and Problem Solving


• Initiative & Innovation


• Decision Making


• Business Awareness


• Managing & Developing Others


• Leadership

Qualification & Training:

Essential:

• Bachelor’s degree – Economics, Accountancy, Finance or equivalent

Desirable:

• Professionally qualified in a functional discipline - e.g. CPA, CIA


• Post Graduate degree – e.g., MBA

Other requirements

In accordance with New York City law, employees based in Mizuho’s New York City office are required to be fully vaccinated against COVID-19 to work on-site (unless a legally-required accommodation has been approved).  Mizuho has in place a pilot 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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