Credit Risk, Associate

Published
August 11, 2019
Location
New York City, NY
Job Type

Description

Summary

Under the direction of senior staff, perform the necessary review/analysis (as generally outlined below) required to assess existing and prospective clients and counterparties for onboarding and execution.

Principal Duties And Responsibilities

  • Marketing/Business Assessment Responsibilities:
    • Work closely with NAB Originations and Product Partners to identify customer business opportunities and gather required information to complete a business screening, including NBC (as required), and update pipeline report, and conduct internal discussions, as necessary.
    • Analyze and review transaction proposals, focusing on structure, terms and conditions and profitability
    • Engage as needed and when appropriate with Customer, Agent Bank, Bank Participants, Lawyers and other professionals.
    • Coordinate with ACD on initial credit risk screening to determine credit risk appetite / rating to support the business case.
    • Prepare credit applications for submission , including but not limited to:
      • CDM cover pages, PTC Registrations, Facility Rating Simulations
      • Coordinate/Manage all compliance requirements (COI, Reputational Risk, KYC, etc.)
      • Ensure all related internal policies and procedures are followed, including sector/industry risk limits
      • Work seamlessly with ACD counterparts to coordinate completion of credit assessment, assisting with any required due diligence needed to finalize the credit opinion/approvals.
    • Conduct in depth review of all legal documentation, in addition to commitment letters, NDAs, and LOIs, etc. (working with the Legal Department or Outside Counsel, as required)
    • Create pricing waiver and profitability projection to assess the business case and secure required internal support and approvals.
    • Engage PMO Team, as necessary, to assist with mitigation of risk appetite/returns.
  • Monitoring Responsibilities:
    • Provide strategy review and related commentary for the purpose of completing the Comprehensive Annual Reviews
    • Monitor market movements and news in coordination with ACD & ARM – submitting Form 19, when applicable.
    • Prepare and present monthly and quarterly PCC materials and updated Exposure Strategies for clients, in coordination with ACD.
    • Manage credit issues with the clients – including assessment of requests/changes and restructuring.
    • Make recommendations on action/plan to ACD (and senior management, when necessary) as it relates to credit issues/restructuring/exposure management.
    • With the support of the PMO team, execute strategies to hedge/reduce exposure.
    • Assist with regulatory related requests/meetings/presentations, as needed.
    • Assist with audit related requests/meetings/presentations, as needed.
  • Administrative Tasks:
    • Assist and coordinate onboarding requests, booking requests, and other administrative functions with the Middle and Back Office.
    • Respond to various customer requests.
    • Assist senior staff with other administrative duties within the team, as assigned.

Qualifications

  • Four-year college degree in Accounting, Business, Finance or Economics or strong quantitative background
  • Formalized Credit Training (preferred) from an accredited financial institution
  • 3-5 years credit experience in a financial institution/rating agency (financial sector coverage experience preferred)
  • Effective oral and written communication skills
  • Strong PC skills, including knowledge of MS Word, Excel and PowerPoint
  • Good interpersonal skills and a team oriented person

Company Overview

Mizuho Americas is a leading financial institution comprising several legal entities, which together offer clients corporate and investment banking, financing, securities, treasury services, asset management, research and more. Mizuho’s operations in the Americas connect a broad client base of major corporations, financial institutions and public sector groups to local markets and a vast global network. Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), which is comprised of offices in nearly 40 countries, approximately 60,000 employees, and assets of more than USD 1.8 trillion. Learn more at mizuhoamericas.com.

Company Description

This is not your typical financial institution. It’s our people who make us a cut above. Here, every person is respected because of their differences, not in spite of them. We pride ourselves on a culture of purpose, passion and compassion.

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.

Working for Mizuho opens doors not just to a rewarding career with excellent prospects, but to lasting friendships with colleagues from diverse cultures. It’s the local expertise of our employees that makes our global network so powerful. By collaborating with colleagues and clients who have your same ambition, you can amplify your sphere of influence and base of knowledge as part of one of the largest—and growing—banks in the world.

We’re all global citizens, and that’s why our company feels compelled to make an impact through more than just drawing up deals. We prove that it’s possible to do well and do good. We do right by our clients, our community and each other.
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