MD - Head of Middle Office

Mizuho
London
GBP 125,000 - 150,000
Job description

We are not your typical financial institution. It’s our people who make us a cut above. Here, every person is respected because of their differences, not in spite of them.

We pride ourselves on a culture of purpose, passion and compassion. At Mizuho, we provide the stability of an international industry leader with the career trajectory of a growing business. Our steady, strategic growth gives our people at all levels rewarding degrees of responsibility and a richer work experience than a boutique firm or an established giant could offer alone.

Working for Mizuho opens doors not just to a rewarding career with excellent prospects, but to lasting friendships with colleagues from diverse cultures. It’s the local expertise of our employees that makes our global network so powerful. By collaborating with colleagues and clients who have your same ambition, you can amplify your sphere of influence and base of knowledge as part of one of the largest—and growing—banks in the world.

What is the opportunity?

The Head of Middle Office will be the primary strategic leader in the establishment of a Middle Office function for Banking. The Middle Office will provide support to coverage teams across Banking including, but not limited to, portfolio operations, loan reporting, KYC, and anti-money laundering. The Middle Office function will be a part of the broader MHBK Banking Front Office.

The creation of the Middle Office will centralise operational roles from within the front office teams and will provide operational processing support as well as acting as a check and balance, enhancing first line of defence. The Head of Middle Office will combine client and operational knowledge and provide strong functional alignment with both Coverage and Operations, building a key part of the Banking org design.

What will you be doing?

Strategic Leadership:

  • Design and implementation of the a centralised Middle Office function to support the EMEA CIB Banking business, optimizing processes and workflows to drive efficiency and scalability.
  • Work with cross-Bank stakeholders to deliver processes and systems required to support the coverage and product teams for the long term
  • Engage with coverage, product and operations team leads to ensure respective responsibilities are understood and clear
  • Act as a project lead / owner for key operational impact initiatives, providing support to EMEA management

Risk Management and Compliance:

  • Establish and maintain robust risk management frameworks (revise IOP) and controls specific to front office activities in the EMEA region, ensuring compliance with regional regulatory requirements and internal policies.
  • Coordinate with front office teams, credit risk management, and legal counsel to facilitate smooth loan origination and ongoing control activities within the EMEA region.
  • Identify potential issues/events that could affect performance, resources, schedule, budget, scope and/or deadline; escalate issues to appropriate parties & drive resolution

What do you need to succeed?

Qualifications, Skills and Experience:

  • Bachelors Degree or equivalent
  • In depth knowledge and understanding of MHBK credit and operational policy and procedures
  • Expertise leading and change management, with experience in building high performing Credit / Middle Office functions
  • Experience leading a central function providing a shared service to coverage / product teams
  • Ability to influence senior stakeholders and balance the requirements of multiple stakeholders with sometimes competing objectives
  • Experience of implementing governance and control

Supervisory / Managerial Skills:

  • Maintain transparent communication to provide clear direction to the team
  • Strong decision-making skills to efficiently delegate tasks
  • Foster the spirit of teamwork and cohesiveness across the team
  • Motivate the team to complete tasks to a high standard
  • Empower individuals to take responsibility for their goals
  • Coach, mentor and develop the team in a positive and constructive manner

Here at Mizuho, there are fantastic progression opportunities and clear paths to promotion. We will give you ample opportunity to affect change and to help grow our business.

In addition to the great opportunity outlined above we are also currently able to offer:

· Competitive starting salary, plus discretionary bonus

· Non-contributory pension

· 27 days’ annual leave

· Core working hours*

· Hybrid working - office and home based*

· Wellbeing benefits, including Mental Health Allies and First Aiders

*For applicable roles only

At Mizuho, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.

At Mizuho we are committed to supporting equality, diversity and equality, and seek to create a workplace that is fully inclusive. We welcome applications from all sections of the community that we operate in and from all ethnic backgrounds, sexual orientation, beliefs, gender identities and disabilities

If you require more information about our equal opportunities policy or wish to discuss any accessibility requirements or reasonable adjustments please contact the recruitment team – recruitment@mhcb.co.uk and we will be happy to help

This position will be open only for 2 weeks, so please submit your application asap. After 2 weeks the posting will be closed.

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