Assistant Vice President / Associate, Derivatives Team of Treasury Operation Section

Company Overview

Mizuho has a long-term commitment to the Hong Kong market. With strong ties to Mizuho’s global network and a workforce of over 600 staff in Hong Kong, we are able to help corporations in Hong Kong to expand their business worldwide. Our clients primarily comprise Japanese and non-Japanese corporations (including those domiciled in the PRC), financial institutions, and government and quasi-government organizations. We provide a full spectrum of corporate banking services to our customers including syndicated loans, treasury, transaction banking, financial advisory, project finance, merger and acquisition, leveraged finance, and structured finance.

Why Mizuho

At Mizuho, we provide the stability of an international industry leader with the career trajectory of a growing business. Our steady, strategic growth gives our people at all levels rewarding degrees of responsibility and a richer work experience than a boutique firm or an established giant could offer alone.

It is the local expertise of our employees that makes our global network so powerful. By collaborating with colleagues and clients who have your same ambition and drive, you can amplify your sphere of influence and base of knowledge as part of one of the largest—and growing—banks in the world.

About the team

Treasury Operation Section is responsible for settlement operations of Treasury/Market, Derivatives/Collateral, Securities/Investment transactions and monitoring the RTGS Intra-day Liquidity.

The Derivatives Team is to handle mainly the rate swap settlement, including the Central Clearing Counterparty for OTC derivatives, Interest Rate Futures & Options. The team is required to real time monitor the CMU account for related settlement in RTGS currencies.

Role requirements

• To handle full set of operations and settlements of treasury derivatives products and related operational support.
• To participate in system implementation and projects.
• To keep the team operation efficient and effective.
• To perform CMU operation for RTGS intra-day liquidity management.

Essential Functions

• To perform settlement operation for derivatives trades (Interest Rate Swap, Cross Currency Swap, Currency Options, Futures, Cap/Floor & etc.);
• Administrate the settlement related activities like administration of trade counterpart records, AML processing, trades reconciliation, nostro accounts funds movement reporting, trade confirmations tracing, trade repository reporting, etc.,
• Administrate and monitor the daily RTGS intra-day liquidity requirements,
• Participate in the Section’s business development & operation enhancement projects

Competencies

• Makes practical scheduling and time management for his/her team to complete deals/tasks before deadline;
• Respects for, and commits to, high standards of business conduct and integrity in promoting deals/projects, and conducting operations/reporting, etc.

Work experience, education and skills

• Bachelor Degree in Finance, Accounting, Banking or related discipline;
• 1 year relevant settlement experience in derivatives (interest rate swap, currency swap, currency option & etc.) and structured products;
• Experience of new product and system implementation is an asset.
• Good experience in RTGS intra-day liquidity control operation
• Good interpersonal and communication skill with critical thinking mind-set
• Good command of both written and spoken English and Chinese;
• Proficientin Microsoft Word, Excel, Access and PowerPoint.
• Candidates with lesser experience / exposure may be considered for the post of Associate

Application

Employment of the in-scope positions are subject to Mandatory Reference Checking Scheme (MRCS) as per regulatory requirement. For details, please refer to (Mandatory Reference Checking Scheme Phase 2 I The Hong Kong Association of Banks).

Please indicate your current and expected salary on CV for the application.

Mizuho Bank Limited

Mizuho Bank, Ltd. in Hong Kong is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG). The Mizuho group is a global financial services leader with offices in 35 countries, approximately 52,000 employees, and assets of almost USD 2 trillion. Mizuho provides expertise in retail banking, corporate finance, investment banking, asset management, capital markets, and sales and trading, to help businesses develop and find new opportunities for growth. To learn more: www.mizuhogroup.com

Mizuho’s People Philosophy

The Mizuho People Philosophy serves as the guiding standard for embodying Mizuho’s Corporate Identity. It establishes the fundamental philosophy for the ways we support people within Mizuho, based on our belief that our people’s growth and fulfillment are essential to achieving our corporate goals. Mizuho is committed to:

• Supporting the professional growth of people
• Recognizing people who promote Mizuho’s Values
• Fostering an inclusive culture where everyone can thrive as their true selves

The full text for the Mizuho People Philosophy can be accessed via this link:

https://www.mizuhogroup.com/sustainability/social/employees

Personal data collected will be kept in strict confidence, and will be used for recruitment purpose only.