Compliance Advisory - Vice President

Profile Summary

The Compliance function is an independent function that identifies, assesses, advises on and monitors compliance risk – that is the risk of regulatory sanctions as a result of failure to comply with applicable regulations. The Compliance function exists to support the bank by enabling it to conduct business lawfully, in accordance with regulatory requirements and with integrity. The main objective of the Compliance function is to provide an active advisory and monitoring service in relation to regulatory requirements, especially those of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

This role has important responsibilities in helping to ensure the Compliance Department effectively discharges its responsibilities, primarily in respect of the Bank’s European Treasury Department (ETD).

ETD conducts general treasury operations for the Bank, which includes sales and trading activities in foreign exchange and interest rate products and derivatives transactions.

Duties and Responsibilities

You will work collaboratively within the Mizuho London Compliance Advisory team primarily to support the Mizuho Bank European Treasury Dept (ETD) business and associated corporate functions by providing day-to-day Compliance support, guidance and advice, while performing key Compliance projects, monitoring and assessment responsibilities.   ETD core business activities include FX, Loans and Derivatives sales and trading, and asset/ liability management for Mizuho Bank London Branch. 

In performing this role:

• You will identify, understand and help implement applicable rules and regulations, ensuring that ETD has appropriate policies, procedures and controls in place.


• You will identify regulatory trends and developments and advise the business on how these trends and developments may impact their current activities and work with them to implement policy and control changes required.


• You will provide an active real-time compliance advisory service to the business and address any regulatory queries they may have.


• You will create, implement and maintain Compliance-owned policies and procedures.


• You will play a key role in managing Compliance risk by identifying problems and potential weaknesses in ETD activities, conduct or controls, escalating these to management and developing recommendations.


• You will assist with performing ongoing Compliance risk assessments and monitoring ETD business activity in accordance with the Compliance Monitoring Plan. This may include providing support to the surveillance team, performing trade and/or communications analysis and assisting with any internal investigations which may result. 


• You will collaborate closely with Compliance colleagues and business management on regulatory implementation projects, perform reviews of compliance with specific regulations, and assist with due diligence, investigations or audits as directed by senior L&C management. 


• You will assist in preparing and providing training on compliance risks, regulatory and conduct matters.


• You will assist with other tasks as may be assigned from time-to-time.

Qualifications, Skills and Experience

• Previous experience within Compliance markets advisory/ surveillance or other regulatory role.


• A good understanding of key PRA/ FCA rules, key UK and EU regulations (MiFID II; MAR; EMIR), Money Laundering Regulations and industry best practice (e.g. Global FX Code; UK Money Markets Code);


• Familiarity with Fixed Income (including FX, Credit and Rates) products


• Undergraduate degree or equivalent experience

Desirable

• Previous experience in auditing or monitoring, or at a regulator


• Relevant regulatory qualification.


• Good knowledge of the types of products traded by corporate/ investment banks and their features.

What Mizuho can offer you

Here at Mizuho, there are fantastic progression opportunities and clear paths to promotion. We will give you ample opportunity to affect change and to help grow our business.

In addition to the great opportunity outlined above we are also currently able to offer:

• Competitive starting salary, plus discretionary bonus


• Non-contributory pension


• 27 days’ annual leave


• Core working hours*


• Hybrid working  - office and home based*


• Virtual GP


• Wellbeing benefits, including Mental Health Allies and First Aiders

*For applicable roles only

At Mizuho, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.

At Mizuho we are committed to supporting equality, diversity and equality, and seek to create a workplace that is fully inclusive. We welcome applications from all sections of the community that we operate in and from all ethnic backgrounds, sexual orientation, beliefs, gender identities and disabilities.

If you require more information about our equal opportunities policy or wish to discuss any accessibility requirements or reasonable adjustments please contact the recruitment team – [email protected] and we will be happy to help.