Assistant Vice President, Compliance
2 days left
- Employer
- Mizuho Bank
- Location
- Singapore, Singapore
- Salary
- Competitive
- Posted
- 05 Mar 2023
- Closes
- 04 Apr 2023
- Ref
- 18945093
- Job Function
- Compliance/Regulatory
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
Overview of Division/Department
[HR to input]
Company Profile
[HR to input]
Job Responsibilities
(Internal Corporate Title: Assistant Manager)
Background
The Risk & Governance Section ( RGS) is principally responsible for enterprise risk management. Key responsibilities include:
Towards meeting these objectives, the overall function of the Section can largely be categorised as follows:
One of the key projects that the Section is currently overseeing as Project Management Office (PMO) concerns the discontinuation of LIBOR.
The RoleThe role will primarily focus on the LIBOR project for a start as part of the PMO team. Following the cessation of LIBOR, the role will then move into other focus/ priority areas of RGS taking into account the incumbent's capabilities, experience and personal preference. Key responsibilities as PMO include supporting and assisting in the following on the LIBOR project: Subject to workload when the LIBOR project is still running, and following the cessation of LIBOR (taking into account the incumbent's capabilities, experience and personal preference) - Key responsibilities in other focus/ priority areas of RGS include:
Key requirements and qualities
Job Requirements
What you should have:
Join Mizuho Bank, Ltd., in Singapore, and be part of our expanding team, passionate to build the future together. One MIZUHO: Building the future with you.
[HR to input]
Company Profile
[HR to input]
Job Responsibilities
(Internal Corporate Title: Assistant Manager)
Background
The Risk & Governance Section ( RGS) is principally responsible for enterprise risk management. Key responsibilities include:
- Ensuring that risk management policies and practices instituted in Mizuho SG are consistent with industry best practices, and in compliance with applicable regulatory requirements and strategic imperatives of Mizuho.
- Providing support to senior management on matters pertaining to general governance, conduct and culture.
Towards meeting these objectives, the overall function of the Section can largely be categorised as follows:
- Planning - responsible for overall planning, risk methodologies, management of emerging risks (e.g. ESG) and projects.
- Risk Monitoring & Reporting - responsible for reporting risks directly managed by RSG; and reviewing risk reports from other departments/ sections in the Bank.
One of the key projects that the Section is currently overseeing as Project Management Office (PMO) concerns the discontinuation of LIBOR.
The Role
- Set standards and tailor policies to align with the expectations/ requirements of MAS and Head Office, as well as any industry guidance/ best practice (including those as may be published by ABS and/or the Steering Committee for SOR & SIBOR Transition to SORA (SC-STS)). This will entail keeping abreast of publications/ circulars/ notifications by any of the aforementioned, and disseminating and advising stakeholders on the same.
- Monitor and reporting the progress of LIBOR transition - in particular, the remediation of contracts referencing USD LIBOR/ SGD SOR/ SGD SIBOR. This will involve close interaction and coordination with Head Office, Front Office as well as other key stakeholders such as Data Management and Credit Administration.
- Coordinate actions of all the LIBOR functional Project Teams in Mizuho SG office to achieve more holistic outcomes and optimize resources.
- Organise and participate in LIBOR Executive Management Committee meetings or any other working groups or dialogue sessions as may be necessary or appropriate.
- Coordinate and work with relevant stakeholders for the introduction of new alternative rate bank products, including organising/ participating in New Product Committee meetings.
- Work in partnership with the other offices in the AO region to share best practice and provide support where necessary.
- Engagement with MAS and any industry association as may be required.
- Implement enterprise risk management frameworks/ policies/ strategies in Mizuho SG office - which entails the running of projects, taskforces, working groups, and the likes, where applicable
- Monitor the key risk management activities of Mizuho SG office and report key risks to senior management - including the development of dashboards as needed.
- Coordinate all risk management functions in Mizuho SG office to achieve more holistic outcomes and optimize resources. This includes the running of the Risk Management Committee/ Roundtable.
- Liaise with Head Office, MAS and any other relevant authorities on risks managed by the Section as may be necessary or appropriate.
- Work in partnership with the other offices in the AO region to share best practice and provide support in respect of enterprise risk management where necessary.
Key requirements and qualities
- Good working knowledge about the discontinuation of LIBOR, including publications by industry groups such as SC-STS, ARCC and ISDA. Additionally, familiarity with banking products and loan documentation will be advantageous.
- Comfortable dealing with large amount of data, with an eye for details. Proficiency in Excel will be advantageous. Working knowledge of Python is preferred.
- Planning and organisational skills. Prior project management experience will be advantageous.
- Strong communication skills and ability to engage at multiple levels.
- Team player while also able to work independently.
Job Requirements
What you should have:
Join Mizuho Bank, Ltd., in Singapore, and be part of our expanding team, passionate to build the future together. One MIZUHO: Building the future with you.