Credit Portfolio & ESG Risk - Associate | London, UK

Mizuho International; London; Hybrid; GBP 40,000 - 80,000; Full time

Job description

Who are we?

We are 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.

What is the opportunity?

We are looking for a Credit Risk Associate to join our Credit Portfolio Team at Mizuho London branch to support Credit Portfolio Management activities across Mizuho EMEA with a special focus on ESG Risk.

What will you be doing?

• Responsible for staying abreast with the regulatory and market developments on ESG especially, climate and environmental risks (Basel / ECB guidelines, best practices on monitoring of sustainability risks, etc.) and creating risk insights / reports / news feed through continuous research and analysis.
• Responsible for running the stress testing process on EMEA CIB portfolio, including ESG stress testing.
• Responsible for accurate and timely production of periodical and ad-hoc reports related to stress testing, ESG and other portfolio aspects.
• Provide support to tasks, such as establishing internal ESG risk management metrics, ESG risk related governance framework, etc.
• Provide support in Stress scenario development / financial modelling and enhancing the credit risk stress testing framework.
• Understand external data vendors' methodologies for different products / tools to generate and interpret ESG data/reports.
• Establish and maintain relevant policies & procedures.
• Establish and maintain effective working relationship with Front, Middle and Relevant Head Office departments.
• Ad hoc works as assigned by Head of Credit Portfolio Risk.

What do you need to succeed?

• University degree in quantitative subject, preferably Finance, Economics, Business Administration, etc.
• At least 3-5 years in credit risk management within financial services sector out of which 1-2 year of professional experience in sustainability risk / ESG risk.
• Ability to demonstrate knowledge of commercial banking essential.
• Good knowledge of banking concepts and risk management requirements (e.g. EBA guidelines, SS3/19 etc) and practices, and understanding of the ESG risk management principles.
• Good understanding of credit portfolio management techniques and rating methodologies.
• Proficient in both qualitative and quantitative analysis, financial modelling using Excel, VBA etc.
• Experience using statistical software (e.g. R, Python) is a plus.
• Good communication skills. Fluent in English is a must, both in writing and verbally.
• Ability to deliver results under tight deadlines and a can-do mentality is really important.

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 - [e-mail] and we will be happy to help.