Mizuho
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VP Model Risk / Validation
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Mizuho Mizuho America’s Model Risk Management is the firm’s second line of defense tasked with managing model risk generated via the firm’s various entities and corporate functions. The group is responsible for establishing and implementing an SR 11‑7 consistent risk management framework by which the firm’s model inventory is effectively challenged and validated. The group also manages model risk governance, ensuring compliance with policies, procedures, and regulatory rules. Mizuho seeks a highly motivated individual to serve as a
Senior Model Validator
who will perform model validation of the bank’s valuation models and downstream models such as Value at Risk and XVA models. Responsibilities
Provide independent review and validation of a variety of derivatives pricing models and their downstream usages such as risk factor sensitivity and XVA calculation. Evaluate the models based on aspects including model data and parameters, design and methodology, implementation and documentation; perform model benchmarking using alternate approaches; assess model assumptions and limitations. Verbally communicate validation results and discuss issues, challenges and methodologies with internal audiences including senior management. Support tracking of corrective action plans for models and ensure that they are closed appropriately. Engage in the entire model lifecycle; describe and support model validation outcome during the model approval process. Work with model owners, developers and users to ensure models operate within the framework of the Mizuho Americas Model Risk Management Policy. Qualifications
Advanced degree in a quantitative discipline. General knowledge of stochastic calculus, statistical analysis, and derivatives pricing theory across one or more asset classes (IR/FX/Credit/Equity), traded products and market/credit risk. Industry financial services experience performing model validation, model development, risk management or related fields is a plus. Strong oral communication and technical writing skills. Strong programming and database skills. Understanding of SR 11‑7 guidance on model risk management. Expected base salary ranges from $137,500 to $185,000, with compensation based on skills, experience and other factors. In addition to salary, the role includes a generous benefits package—medical, dental, 401K—and eligibility for a discretionary bonus. Other Requirements
Mizuho has a hybrid working program with varying opportunities for remote work depending on the role, departmental needs and local regulations. Some positions require greater in‑office presence, which will be communicated during the recruitment process. Company Overview
Mizuho Financial Group, Inc. is the 15th largest bank worldwide, with assets of approximately $2 trillion. With 60,000 employees globally, we offer comprehensive financial services across 35 countries and 800 offices worldwide. Mizuho Americas provides corporate and investment banking services to clients in the US, Canada and Latin America, and offers M&A, restructuring and private capital advisory capabilities through its acquisition of Greenhill. Mizuho Americas employs roughly 3,500 professionals across multiple domains. 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. Seniority Level
Executive Employment Type
Full‑time Job Function
Finance and Sales
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VP Model Risk / Validation
role at
Mizuho Mizuho America’s Model Risk Management is the firm’s second line of defense tasked with managing model risk generated via the firm’s various entities and corporate functions. The group is responsible for establishing and implementing an SR 11‑7 consistent risk management framework by which the firm’s model inventory is effectively challenged and validated. The group also manages model risk governance, ensuring compliance with policies, procedures, and regulatory rules. Mizuho seeks a highly motivated individual to serve as a
Senior Model Validator
who will perform model validation of the bank’s valuation models and downstream models such as Value at Risk and XVA models. Responsibilities
Provide independent review and validation of a variety of derivatives pricing models and their downstream usages such as risk factor sensitivity and XVA calculation. Evaluate the models based on aspects including model data and parameters, design and methodology, implementation and documentation; perform model benchmarking using alternate approaches; assess model assumptions and limitations. Verbally communicate validation results and discuss issues, challenges and methodologies with internal audiences including senior management. Support tracking of corrective action plans for models and ensure that they are closed appropriately. Engage in the entire model lifecycle; describe and support model validation outcome during the model approval process. Work with model owners, developers and users to ensure models operate within the framework of the Mizuho Americas Model Risk Management Policy. Qualifications
Advanced degree in a quantitative discipline. General knowledge of stochastic calculus, statistical analysis, and derivatives pricing theory across one or more asset classes (IR/FX/Credit/Equity), traded products and market/credit risk. Industry financial services experience performing model validation, model development, risk management or related fields is a plus. Strong oral communication and technical writing skills. Strong programming and database skills. Understanding of SR 11‑7 guidance on model risk management. Expected base salary ranges from $137,500 to $185,000, with compensation based on skills, experience and other factors. In addition to salary, the role includes a generous benefits package—medical, dental, 401K—and eligibility for a discretionary bonus. Other Requirements
Mizuho has a hybrid working program with varying opportunities for remote work depending on the role, departmental needs and local regulations. Some positions require greater in‑office presence, which will be communicated during the recruitment process. Company Overview
Mizuho Financial Group, Inc. is the 15th largest bank worldwide, with assets of approximately $2 trillion. With 60,000 employees globally, we offer comprehensive financial services across 35 countries and 800 offices worldwide. Mizuho Americas provides corporate and investment banking services to clients in the US, Canada and Latin America, and offers M&A, restructuring and private capital advisory capabilities through its acquisition of Greenhill. Mizuho Americas employs roughly 3,500 professionals across multiple domains. 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. Seniority Level
Executive Employment Type
Full‑time Job Function
Finance and Sales
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