Director – Non-Financial Risk (FO Coverage)

Financeroles; New York (NY); Hybrid; USD 165,000 - 235,000; Full time

Benefits offered by this job

Discretionary bonus

Medical insurance

401(k) plan

Hybrid work model

Job summary

Mizuho Financial Group, Inc. Americas Risk Department seeks an experienced Director to serve as the Non-Financial Risk Coverage Officer for Capital Markets.

You will provide independent oversight, challenge, and strategic advisory support to senior business leaders across Fixed Income and Equities while promoting a strong risk culture and aligning with risk appetite and regulatory expectations. The role requires deep Capital Markets knowledge, Front Office operating models, and governance

Qualifications

• Bachelor’s or master’s degree.
• 10 years of risk management, compliance, audit, or relevant Front Office control experience.
• Strong understanding of Capital Markets, including Fixed Income and/or Equities trading, sales, financing, derivatives, and front office operating models.
• Experience overseeing Capital Markets activities within investment banking, broker-dealer, or risk management functions.
• Understanding of non-financial risks in Capital Markets: operational, conduct, technology, data, model, third-party, regulatory risk.
• Knowledge of end-to-end trade lifecycle: execution, capture, settlement, collateral, valuation, post-trade processing.

Responsibilities

• Serve as primary 2LoD Non-Financial Risk coverage lead for Capital Markets, providing oversight and strategic advisory to senior leaders.
• Promote risk culture by ensuring non-financial risks are identified, assessed, and reported in line with risk appetite and regulatory expectations.
• Partner with management to assess risk implications of growth, new products, strategic changes, and initiatives.
• Provide challenge over non-financial risks arising from Capital Markets activities including trade processing and data quality.
• Evaluate effectiveness of risk management practices, identify material control gaps, and drive remediation.
• Prepare risk assessments, emerging risk insights, and governance materials for senior management committees.
• Collaborate to enhance KRIs, KPIs, analytics, and new risk initiatives.

Skills

Capital Markets

Risk management

Regulatory knowledge

Stakeholder influence

Analytical skills

Excel proficiency

Education

Bachelor’s or Master’s degree

Tools

Excel

Job description

Americas Risk Department

The Americas Risk Department, as a 2nd line of defense organization, provides common risk management oversight and services to all businesses and legal entities across Mizuho U.S. Operations (MUSO). Effectively and efficiently managing risk on a consistent and holistic basis across all our businesses is critical to Mizuho's success in the Americas as well as meeting regulatory expectations and requirements.

The Non-Financial Risk (NFR) Role

NFR is seeking an experienced Director to serve as the primary Non-Financial Risk Coverage Officer for the Capital Markets businesses. The role will provide independent oversight, effective challenge, and strategic risk advisory support to senior business leaders across Fixed Income and Equities while promoting a strong risk culture and ensuring alignment with the firm's risk appetite, regulatory expectations, and risk management objectives.

The successful candidate will bring a strong understanding of Capital Markets businesses, products, trade lifecycle activities, Front Office operating models and control suites, coupled with expertise in non-financial risk management and governance.

Principal Duties may entail all or some of the following responsibilities:

• Serve as the primary 2LoD Non-Financial Risk coverage lead for the Capital Markets businesses, providing independent oversight, effective challenge, and strategic advisory support to senior business leaders, Business COOs, and control functions.
• Promote a strong risk culture across Front Office activities by ensuring non-financial risks are identified, assessed, managed, monitored, and reported in alignment with the Firm’s risk appetite, regulatory expectations, and risk management objectives.
• Partner with business management and control functions to assess the risk implications of business growth, new products, strategic initiatives, organizational changes, and business change initiatives.
• Provide effective challenge over non-financial risks arising from Capital Markets activities, including transaction execution, supervision, market conduct, trade processing, technology dependencies, data quality, operational resiliency, and related control environments.
• Evaluate the effectiveness of risk management practices, controls, issue remediation, and risk event responses, ensuring material control gaps are identified, escalated, and remediated in a timely manner.
• Prepare and present risk assessments, emerging risk insights, trends, and governance materials for senior management committees, risk forums, and other relevant stakeholders.
• Collaborate with NFR team members to enhance KRIs, KPIs, analytics, risk management practices, and new risk initiatives that support the evolving regulatory environment and strengthen the overall NFR framework.

Qualifications

• Bachelor’s or master’s degree.
• 10 years of risk management, compliance, audit, or relevant Front Office control function experience within the financial industry.
• Strong understanding of Capital Markets businesses, including Fixed Income and/or Equities trading, sales, financing, derivatives, and front office operating models.
• Preferred qualifications include commercial experience in relationship management or portfolio banking, capital markets trading, trade support, or middle-office transformation.
• Experience supporting or overseeing Capital Markets activities within an investment bank, broker-dealer, business risk and control’s function, compliance function, internal audit function, or risk management organization.
• Understanding of key non-financial risks within Capital Markets businesses, including operational risk, conduct risk, technology risk, data risk, model risk, third-party risk, and regulatory compliance risk.
• Knowledge of the end-to-end trade lifecycle, including transaction execution, trade capture, confirmation, settlement, collateral management, valuation, and post-trade processing.
• Strong understanding in NFR risk framework elements (RCSA, Risk Events, Issues, KRIs etc.).
• Demonstrated ability to influence senior stakeholders and drive risk management outcomes across complex organizations.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent interpersonal and communication skills.
• Highly motivated, self-directed individual with the ability to work independently.
• Knowledge of regulatory requirements for the financial services industry.
• Collaborative team player and relationship builder.
• Excellent Microsoft Office skills, especially Excel.

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.

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 Americasoffers 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.