Credit Portfolio Manager - Securitization, Director

Mizuho Financial Group Inc.; New York (NY); Hybrid; USD 165,000 - 235,000; Full time

Benefits offered by this job

Medical

Dental

401K

Discretionary bonus

Job summary

Mizuho Financial Group, Inc. in New York seeks a Director-level professional to support the Head of Credit Portfolio Management in risk analytics for its ABS and securitization portfolio.

You will evaluate risk characteristics, develop quantitative tools with Front Office and Credit Risk, and advance portfolio monitoring across multiple asset classes. You will oversee stress testing, loss assumptions, legal-structure review, and reporting for senior management and regulators, while working in a

Qualifications

• Bachelor’s degree in Finance, Business Administration, Computer Science, or Economics (8+ years in credit risk analysis).
• Experience with structured finance transactions and securitization assets.
• Strong analytical and quantitative skills; proficiency in Excel/VBA.

Responsibilities

• Evaluate and monitor risk characteristics of securitization funding facilities.
• Develop quantitative tools with Front Office and Credit Risk for enhanced portfolio management.
• Perform portfolio stress tests and loss modeling for securitization portfolios.
• Review legal documents to ensure correct implementation of covenants and deal structures.
• Generate risk reports for senior management and regulators.

Skills

Excel

VBA

Analytical thinking

Communication skills

Education

Bachelor’s degree in Finance/Business/Economics

Tools

Moody's

Intex

Job description

About the Team

The Credit Portfolio Management(“CPM”) team is responsible for managing enterprise credit risk across the Commercial and Investment Bank. The team sets firm Risk Appetite and executes portfolio stress-testing, concentration risk management, identification of emerging risks, and comprehensive industry / sector credit analyses. CPM provides proactive monitoring for obligors and sectors utilizing various market indicators to support Credit Risk Management decision making across Mizuho. CPM supports sound credit risk decision-making by providing tools to proactively monitor risk. The team is organized into three pillars: Portfolio Management, including Risk Appetite and Concentration Limit setting Data Management and Reporting Industry Research Summary CPM is seeking a Director-level candidate to support the Head of Credit Portfolio Management with risk management of Mizuho’s ABS and Securitization portfolio.

Responsibilities

Evaluate and monitor the risk characteristics of a portfolio of Securitization funding facilities. Work with Front Office and Credit Risk to develop additional quantitative and analytical tools to enhance portfolio management. Develop and execute comprehensive ongoing monitoring plans on private ABS transactions utilizing financial analysis and capital structure cash flow modeling. Work with Risk Analytics to develop and conduct portfolio stress tests for senior risk and business management. Review and interpret legal documentations to ensure accurate implementation of financial covenants, trigger events, priority of payments and deal structure in risk modeling. Assess the risk involved in highly complex structured transactions and proactively monitor portfolio (risk metrics, compliance with financials covenants, etc.) and underlying collateral performance to identify credit migration. Establish portfolio limits through stress testing and scenario analysis and measure product compliance with firm Risk Appetite. Provide risk metrics, data, and analytical support for new and existing Securitization funding facilities backed by various asset classes including consumer auto, credit card, student loan, aircraft, and commercial loan & lease. Oversee risk model development, stress testing, and loss assumptions for securitization portfolio. Generate reports as required to highlight portfolio metrics for senior management and external regulators and elevate credit concerns to senior risk managers. Work with various deal and data teams on database/technology and automation solutions to ensure credit risk positions are accurately reported in credit systems.

Qualifications

Bachelor’s degree with major in Finance, Business Administration, Computer Science, or Economics. 8+ years of related work experience in credit risk analysis of ABS products including a demonstrated understanding of asset origination and servicing and ABS financing markets. Significant experience with structured finance transactions. Comprehensive hands-on knowledge of securitization collateral analysis, deal modeling, and legal structures. Technical Skills: Strong knowledge of Microsoft office products including Excel, Word and PowerPoint. Programming and transaction modeling skills using Excel and VBA a plus. Prior experience with Structured Finance deal modeling solutions such as Moodys, Intex, or similar portfolio risk platforms. Strong analytical and quantitative skills demonstrating the ability to assimilate new information, understand complex topics, and arrive at sound analysis and judgment. Proactive, self-starter who requires minimal supervision. Demonstrated drive to improve, learn, research, and resolve issues independently and/or with others on team. Excellent communication skills, both oral and written, and interpersonal skills. Ability to manage multiple tasks and thrive in a fast-paced team environment.

The expected base salary ranges from $165,000 - $235,000. 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, including Medical, Dental and 401K plans, successful candidates are also eligible to receive a discretionary bonus.

#LI-Hybrid 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 Why Mizuho

Mizuho is in growth mode as we are climbing the league tables, disrupting the status quo, and attracting top talent. Positions are available across our corporate functions, and on our corporate and investment banking, capital markets, advisory, research, sales & trading, derivatives, and financing teams. We are looking for candidates who want to contribute to our entrepreneurial culture where people at all levels are inspired to share ideas. Our creativity sets us apart, and our perseverance drives results in creating bespoke, client-focused solutions. If you are interested in advancing your career working for a firm with a growth mindset and the resources of a global financial services team, we would like to hear from you. For more information, please view our Recruiting Brochure