Credit Risk Specialist
Mizuho
What is required?
- Master's degree in a quantitative field, preferably Finance, Economics, or Econometrics
- Minimum 2 years' experience in credit risk management
- Experience in working in a DNB or ECB regulated bank
- Experience in building credit risk frameworks for a European regulated bank
- Knowledge and experience in risk governance framework, CRR/CRD, EBA guidelines, SREP
- Knowledge of credit risk models (e.g. IFRS 9) and methodologies
- Excellent command of the English language, both verbally and in writing
- Energetic, charismatic, independent, and a self-starter
What will you get?
- €80,000 - €90,000 gross p/y (depending on knowledge and experience) including 13th month and holiday allowance
- Annual bonus
- 37.5 hour workweek
- 30 vacation days (based on full time employment)
- Technical and professional training possibilities
- 100% company paid defined contribution pension plan
- Phone, laptop, remote work, and full reimbursement for public transport
What will you do?
- 30% Credit risk framework development and governance
- 25% Reporting and regulatory oversight
- 15% Risk testing and stress testing
- 20% Stakeholder engagement and communication
- 10% Support and contributions to risk network
This vacancy has been created based on interviews with employees to help you get a realistic preview of the job.
Vacancy
As a Credit Risk Specialist at Mizuho, you will be responsible for ensuring robust and forward-thinking credit risk management. You will play a important role in enhancing the credit risk and counterparty credit risk framework, including risk reporting, monitoring methodologies, and processes. With a focus on both qualitative and quantitative aspects, you will ensure that existing and emerging risks are accurately identified and managed. Your daily tasks range from data analysis and reporting to proactively identifying potential risks and collaborating with various stakeholders to address them effectively. Additionally, you will contribute to change projects by assisting in the transition of governance and risk management capabilities as Mizuho Bank Europe (MBE) evolves into a key service hub for Mizuho's European operations.
You will support the development and maintenance of relevant policies and procedures, as well as further enhance models like the Expected Credit Loss (ECL) model. You will also play a role in strengthening the credit risk stress testing framework within the organization and provide strategic advice on new banking products and other credit risk-related topics. You will be responsible for maintaining a strong oversight function in regulatory reporting and guide stakeholders in improving data governance processes. Furthermore, you will monitor regulatory changes and coordinate their implementation, aiming to optimize compliance and internal risk reporting.
You will be part of the Financial Risk team, consisting of two FTEs focused on credit risk. Together with the Credit Risk Lead, you will work on strategic improvements and contribute to strengthening the capabilities within Mizuho Bank Europe. You will work closely with teams in London, the regional hub, and the headquarters in Tokyo to ensure that the goals within the credit risk domain are met and that the bank continues to adhere to the highest standards of risk management.
If you enjoy working in an environment where people care for each other and find it challenging to enhance and strengthen credit risk management, then this is the job for you.
Working week
On an enjoyable workday, you successfully complete all tasks and have valuable conversations with colleagues. There's room for new opportunities, and you feel that you're truly contributing to the success of the team.
On a less enjoyable workday, you have many meetings and sometimes have to wait for the system. While this may slow down progress, you remain focused and productive where possible.
- 07:00
- 08:00
- 09:00
- 10:00
- 11:00
- 12:00
- 13:00
- 14:00
- 15:00
- 16:00
- 17:00
- 18:00
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- Enhancing and developing the credit risk management framework
- Lunch
- Establishing and maintaining relevant policies & procedures
- Coordinating ECL model maintenance and reporting development
- Supporting and contributing to Mizuho EMEA Risk Network activities
- Example weekly schedule
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- Lunch
- Providing credit risk opinions for new products and related topics
- Coordinating the credit risk stress testing framework enhancement
- Monitoring regulatory changes and assess impact on risk reporting
- Liaise with internal and external stakeholders on credit risk-related matters
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- Lunch
- Guiding stakeholders in enhancing data governance for better reporting
- Reviewing and managing the oversight function in regulatory reporting
- Joining senior risk committees, lead discussions, and liaise with stakeholders
- Constant communication with Mizuho Bank in London and the Head Office in Tokyo
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- Lunch
- Enhancing the credit risk management framework
- Supporting initiatives within Mizuho EMEA Risk Network
- Coordinating and developing the ECL model
- Monitor and assess changes to regulations impacting credit risk reporting
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- Lunch
- Coordinating credit risk stress testing framework enhancements
- Participating in senior risk committees and provide input on strategic discussions
- Liaise with stakeholders on all credit risk matters
- Finalize any outstanding regulatory reports and prepare for the upcoming week
Firsthand experience
Growth
The goal of Mizuho Bank Europe is that employees have the right skills, knowledge and attitude to drive results they need to achieve. Their key principle is that trainings should be accessible to anyone and contribute to their strategic business goals. Because of that, employees are allowed to follow a study or training in a relevant field. Additionally, Mizuho promotes internal and international vacancy’s so employees can move from one department to another.
Working at Mizuho
Mizuho Bank Europe N.V. (MBE) is a fully-licensed bank incorporated in the Netherlands and supervised by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM). With over 45 years of experience providing financial services to Japanese and non-Japanese customers in the region, Mizuho has developed a solid client base and expertise throughout the European single market - with a focus on the markets in the Benelux, Iberia, and Central & Eastern Europe - using their EU Banking Passport.
We are proud to share that Mizuho Financial Group has been named among the top 100 on TIME’s World’s Best Companies list for 2024.
- Based in Amsterdam (Zuidas)
- 148 employees in the Netherlands
- Over 65.000 employees worldwide
- 42% / 58%
- Average age 39 years
- Possibility to work flexible and remote
- Business casual
