The Compliance function manages compliance and regulatory risk by establishing compliance policies, providing training, conducting compliance reviews, and coordinating regulatory examinations and relations. The Financial Crime Compliance team within Compliance is responsible for the Anti-Money Laundering (AML), Sanctions, and Anti-Bribery & Corruption programs.
Summary
The Head of FCC Modelling & Analytics is responsible for ensuring that the AML and Sanctions models and systems are designed appropriately and executed effectively that they are meeting all required model governance standards. The models include the customer risk rating, transaction monitoring, and transaction filtering. To achieve success this person will partner closely with stakeholders from AML, Sanctions, the Chief Information Office (including technology, operations, and data management), and the businesses.
Maintaining a list of risks and typologies identified by regulators, standard-setters (FATF), and law enforcement
Identifying the products and services that require TM
Mapping those risks and typologies to our products and services that require monitoring
Maintaining an inventory of the monitoring in place (both automated and manual) for our applicable products and services
Determining the coverage of the applicable risks and typologies in the monitoring in place for each applicable product and service
Perform an annual Scope of Monitoring Exercise to identify the source systems that feed the TM s and Sanctions systems and the underlying transaction types for each system and determines which are “relevant” requiring monitoring, and to determine if the relevant codes are feeding the automated and manual solutions
Conduct a TM Productivity Assessment to ascertain the effectiveness of the TM system
Tune and optimize the models based on the ATL/BTL and Productivity Assessment results
Execute the model risk framework and standards for the AML and Sanctions models in accordance with the Mizuho Model Risk Policy
Oversee the annual KPMG model validation of the transaction monitoring and sanctions models
Work with IT to establish and monitor data quality controls between point of exchange systems and our AML and Sanctions systems
Partner with the CIO function on the broader Data Program Roadmap
Liaise with Head Office regarding model changes, approvals, and communication of any issues
Lead / coordinate user acceptance testing and data validation programs
Qualifications
10+ years’ experience in Modelling and Analytics with a focus on AML and Sanctions
Bachelor’s degree; master’s degree desired
Strong knowledge of the legal and regulatory obligations applicable to money laundering and sanctions
Excellent writing, communication, analytical, judgment and research skills with strong attention to detail and the ability to multitask
Ability to communicate complex topics to audiences in a simple and easy-to-understand manner
The expected base salary ranges from $200,000.00 - $275,000.00. 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, successful candidates are eligible to receive a discretionary bonus.
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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.
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 capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com.
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 perform pre-employment substance abuse testing.