Regulatory Change Management - Prudential Rule Interpretation Advocacy

About The Team

The Mizuho U.S. Operations ("MUSO") Regulatory Affairs Group oversees MUSO's regulatory relationships and serves as the central point of contact for both regulators and internal stakeholders. The Regulatory Affairs Group centrally manages MUSO's regulatory engagement and supervisory priorities across US regulators, including examinations, information requests, continuous monitoring meetings, meeting preparation, training, supervisory commitments, the timely closure of remediation findings, horizon scanning for emerging regulations, regulatory change management and maintenance of the laws, rules and regulations library.

Summary

The Regulatory Affairs Group is seeking a Vice President of Regulatory Change Management who will lead the horizon scanning process to identify emerging regulations, analyze requirements to determine downstream implications and communicate assessments to impacted stakeholders. This role is crucial in ensuring that the company remains compliant with evolving regulations and standards.

Responsibilities

• Monitor regulatory bodies, industry trends, supervisory priorities and legislative developments and lead the horizon scanning process to identify, analyze and interpret upcoming regulatory changes that may impact the organization.
• Conduct horizon scanning for emerging regulations, primarily Prudential (Capital, Liqudity) and inform the businesses and functions of emerging trends.
• Identifies and assesses changes in Prudential (Capital, Liquidity) regulatory requirements and communicates implications of regulatory changes and responses to the appropriate subject matter experts.
• For each forthcoming regulation, conducts a line-by-line analysis, identifying requirements for each business/function, and a comprehensive identification of downstream implications (e.g., changes in taxonomies, frameworks, policies and procedures, training), and review and challenge key outputs and evidence.
• Responsible for oversight of impact assessments, advisory, analysis and thought leadership to all business lines, legal entities, and other stakeholders of Mizuho U.S. Operations.
• Active involvement in industry association activity (i.e. IIB, SIFMA) to identify supervisory trends, obtain comment opportunities and coordinate MUSOs position on regulatory matters.
• Maintains and updates regulations library.

Qualifications

• Bachelor's degree in law, Business, or a related field. JD. or similar law degree highly preferred
• Minimum of 10 years of experience in regulatory compliance, legal and regulatory framework and rulemaking process applicable to US Financial Institutions with a focus on rule implementation and horizon scanning.
• Strong understanding of regulatory frameworks and industry standards.
• Strong knowledge of large financial institutions, businesses, products, and functions including banking and underwriting businesses, securities markets, legal, compliance, risk management, operations, treasury, among others.
• Ability to analyze, interpret, and communicate Prudential related regulatory notices and changes from relevant regulators, including U.S, federal prudential and securities regulators.
• Experience in developing or maintaining a repository library for regulatory updates.
• Strong familiarity with the regulatory oversight process as it related to FRB, CFTC, FINRA, NFA, SEC, and other U.S. regulators.
• Established track record of developing and maintaining relationships with stakeholders throughout an organization, with the ability to establish and lead working groups and committees.
• Experience in review of regulations related to Bank Holding Company (BHC)/Intermediate Holding Company (IHC) including bank regulatory capital requirements under FRB guidelines and Basel Accords, enhanced prudential standards under Dodd-Frank and Volcker Rule requirements.
• Excellent analytical and problem-solving skills.
• Strong communication skills.
• Ability to work collaboratively with cross-functional teams.
• Excellent verbal and written communication skills, including high level attention to detail.
• Strong project management, and critical thinking skills.
• Excellent organization skills to accommodate difficult deadlines across multiple regulators and businesses.
• High proficiency with Microsoft Office, particularly Excel and PowerPoint.
• Ability to work with Share Points and GRC tools, including proposing and executing enhancements and assessing the impact to end-users, reporting, etc.

The expected base salary ranges from $162,000.00 - $200,000.00. 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.

#LI-Hybrid

#LI-NR1

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 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 reserve the right to require pre- and post-hire drug testing as permitted by applicable law.

#LI-MIZUHO