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Collateral Management - Assistant Vice President at Mizuho Americas Services LLC

Posted in Management 30+ days ago.

Type: Full-Time
Location: Jersey City, New Jersey





Job Description:

Assistant Vice President – Collateral Management

Key Responsibilities:


  • You will process margin calls and provide oversight and supervision of the daily margin process across different entities, ensuring adherence with relevant regulatory requirements and contractual obligations outlined in legal agreements


  • Review margin calls bookings for accuracy and completeness when authorizing the margin in internal systems and external platforms


  • Regular communication with Treasury, Repo, XVA & Trading Desks, and Head Office (Tokyo) to ensure collateral posted in aligned with their optimization objectives


  • Formal escalations of margin call disputes


  • Responsible for the management and resolution of cash and non-cash collateral fails


  • To actively participate in both the development and delivering of comprehensive solutions to support new business initiatives, which include writing complete and detailed business requirement documents, the creation and execution of test scripts, managing the user acceptance testing process to ensure alignment with business goals and objectives


  • To actively participate in both the development and delivering of comprehensive solutions to support new business initiatives, which include writing complete and detailed business requirement documents, the creation and execution of test scripts, managing the user acceptance testing process to ensure alignment with business goals and objectives


  • Performing and reviewing daily reconciliations that serve as key controls to our margin process and to actively assist management with the design of the Collateral Management control set.


  • Other duties as assigned


Qualifications: 


  • 5-10 years of collateral management experience.


  • Bachelor’s degree in Finance, Business Administration or a related discipline preferred


  • Familiarity with industry utilities (Acadia Margin Manager, Triresolve)


  • Understanding of collateral related documentation, CSA, MSFTA, GMRA etc


  • Knowledge of bilateral and cleared OTC margin processes


The expected base salary ranges from $77,000 - $110,000. 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, successful candidates are 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





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