Regulatory Reporting Subject Matter Expert (SME) – Lead (Finance)
Americas Risk Department
The Americas Risk Department, as a second line of defense organization, provides common risk management oversight and services to all businesses and legal entities across Mizuho U.S. Operations (MUSO). Effectively managing risk on a consistent and holistic basis is critical to Mizuho's success in the Americas and in meeting evolving regulatory expectations. The Non-Financial Risk (NFR) Team has built a repeatable and sustainable operational risk framework across the enterprise and is now expanding its focus to include dedicated oversight of Regulatory Reporting Risk.
Position:
We are seeking an experienced Regulatory Reporting SME to join our NFR team as a key contributor to the second line of defense oversight of the bank's regulatory reporting risk. In this role, you will provide independent review and credible challenge of first line regulatory reporting practices—including data quality validation, control effectiveness, and process integrity—to ensure that reporting processes produce accurate, complete, and timely regulatory submissions. Your oversight will confirm that reporting methodologies align with internal policies, regulatory requirements, and industry standards. This role offers the opportunity to shape and influence the firm's regulatory reporting risk posture while safeguarding the integrity of the enterprise-wide non-financial risk framework.
Key Responsibilities
Independent Risk Oversight and Challenge:
Provide independent oversight of the bank's regulatory reporting framework by rigorously reviewing and challenging first line practices, methodologies, and outputs related to regulatory submissions.
Evaluate first line self-assessments (e.g., RCSAs), control documentation, and process maps to ensure comprehensive identification and treatment of regulatory reporting risks. Escalate significant or unresolved issues to senior leadership and governance committees for prompt resolution.
Review and challenge proposed enhancements to regulatory reporting policies and standards to ensure they adhere to applicable regulations (e.g., FR Y-series, FFIEC Call Reports, CCAR/DFAST, Basel III) and industry best practices (e.g., data lineage and attestation frameworks).
Conduct independent deep dives and thematic reviews on regulatory reporting risk areas, and track the remediation of identified gaps to drive continuous improvement.
Monitoring and Continuous Improvement:
Implement continuous monitoring activities across the regulatory reporting function using key risk indicators (KRIs), performance metrics, and trend analysis to assess the effectiveness of the control environment.
Review and validate the design, thresholds, and escalation protocols of regulatory reporting metrics, ensuring alignment with the firm's risk appetite and regulatory expectations.
Independently assess the impact of significant reporting failures or near-misses, collaborating with NFR leadership to identify root causes and systemic improvements.
Recommend strategic enhancements to the regulatory reporting control framework based on independent reviews and emerging regulatory trends.
Governance Participation and Regulatory Engagement:
Represent NFR in regulatory reporting governance forums, committees, and working groups, providing an independent perspective and documenting observations, recommendations, and concerns.
Support internal and external examinations by preparing evidence of robust regulatory reporting oversight. Contribute to the development of effective remediation strategies and communicate insights on emerging regulatory trends.
Prepare and deliver clear, concise reports and presentations for senior management and regulatory stakeholders on regulatory reporting risks, oversight findings, and control enhancements.
Cross-Functional Collaboration:
Collaborate with other risk and control functions (e.g., Compliance, Legal, IT Risk) to provide a comprehensive view of regulatory reporting risks and ensure consistent application of oversight standards across risk domains.
Engage with first line Regulatory Reporting teams to clarify risk ownership, challenge risk mitigation plans, and support maturity uplift initiatives while maintaining independent oversight.
Monitor emerging regulatory reporting technologies, methodologies, and supervisory expectations to advise on potential impacts and necessary adjustments to the control environment.
Champion a culture of regulatory reporting risk awareness by providing constructive feedback and sharing best practices across the organization.
Qualifications
Bachelor's or Master's degree in Accounting, Finance, Economics, Banking, or a related field.
Minimum of 7+ years of experience in regulatory reporting within the banking industry, with expertise in the preparation and oversight of regulatory submissions.
Direct experience in a second line, audit, compliance, or oversight role is strongly preferred.
Demonstrated track record in independently reviewing and challenging first line regulatory reporting processes, including control testing and data quality validation.
Relevant professional certifications such as CPA, CFA, FRM, or other banking-specific credentials that demonstrate regulatory reporting expertise are highly desirable.
Deep understanding of banking regulatory requirements and supervisory expectations for reporting (e.g., FR Y-9C, FR Y-14, FFIEC Call Reports, CCAR/DFAST, Basel III frameworks).
Familiarity with regulatory reporting validation frameworks, data lineage, attestation processes, and governance structures.
Exceptional analytical, problem-solving, and risk assessment skills.
Excellent verbal and written communication skills, with the ability to present complex regulatory reporting concepts to senior stakeholders in a clear, business-oriented manner.
Proven ability to build relationships and influence across functions while maintaining independence and objective judgment.
Strong understanding of Corporate and Investment Banking as well as Capital Markets.
Strong project management skills with the agility to manage shifting regulatory priorities and emerging risks.
Advanced proficiency in Microsoft Office applications, particularly Excel and PowerPoint, for effective risk reporting and executive communications.
High ethical standards, sound judgment, and a commitment to continuous improvement.
The expected base salary ranges from $170,000.00 -$220,000.00. 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.
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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.
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