Regulatory Change Management (Finance)

About The Team
The Mizuho U.S. Operations ("MUSO") Regulatory Affairs Group is responsible for managing the Bank's regulatory relationships and engagement across MUSO. The group is responsible for managing regulatory examinations, reviews, continuous monitoring, inquiries, horizon scanning for emerging regulations, regulatory change management, maintenance of the laws, rules and regulations library, firmwide regulatory projects and other regulatory-related matters. Regulatory Affairs Group also performs oversight and management of the regulatory issues to ensure all regulatory issues are properly evaluated, managed, addressed, and validated.

This role is hybrid and based in our New York City office

Summary
The Regulatory Affairs Group is seeking a Vice President of Regulatory Change Management who will lead the horizon scanning process to identify upcoming regulatory changes, analyze requirements to determine downstream implications and communicate assessments to impacted stakeholders. This role is crucial in ensuring that the company remains compliant with evolving regulations and standards.

Responsibilities

• Monitor regulatory bodies, industry trends, and legislative developments and lead the horizon scanning process to identify, analyze and interpret upcoming regulatory changes that may impact the organization.

• Identifies and assesses changes in regulatory requirements and communicates implications of regulatory changes and responses.

• For each forthcoming regulation, conducts a line-by-line analysis, identifying requirements for each business/function, and a comprehensive identification of downstream implications (e.g., changes in taxonomies, frameworks, policies and procedures, training), and review and challenge key outputs and evidence.

• Responsible for oversight of impact assessments, advisory, analysis and thought leadership to all business lines, legal entities, and other stakeholders of Mizuho U.S. Operations.

• Active involvement in industry association activity (i.e. IIB, SIFMA) to identify supervisory trends and coordinate the firm's position on regulatory matters.

• Maintains and updates regulations library.
• Tracks implementation progress.

Qualifications

• Bachelor's degree in law, Business, or a related field. JD. or similar law degree highly preferred
• Minimum of 10 years of experience in regulatory compliance, legal and regulatory framework and rulemaking process applicable to US Financial Institutions with a focus on rule implementation and horizon scanning.

• Strong understanding of regulatory frameworks and industry standards.

• Strong knowledge of large financial institutions, businesses, products, and functions including banking and underwriting businesses, securities markets, legal, compliance, risk management, operations, treasury, among others.
• Ability to analyze, interpret, and communicate regulatory notices and changes from relevant regulators, including U.S, federal prudential and securities regulators.
• Experience in developing or maintaining a repository library for regulatory updates.
• Strong familiarity with the regulatory oversight process as it related to FRB, CFTC, FINRA, NFA, SEC, and other U.S. regulators.
• Established track record of developing and maintaining relationships with stakeholders throughout an organization, with the ability to establish and lead working groups and committees.
• Experience in review of regulations related to Bank Holding Company (BHC)/Intermediate Holding Company (IHC) including bank regulatory capital requirements under FRB guidelines and Basel Accords, enhanced prudential standards under Dodd-Frank and Volcker Rule requirements.

• Excellent analytical and problem-solving skills.

• Strong communication skills.

• Ability to work collaboratively with cross-functional teams.

• Excellent verbal and written communication skills, including high level attention to detail.
• Strong project management, and critical thinking skills.
• Excellent organization skills to accommodate difficult deadlines across multiple regulators and businesses.
• High proficiency with Microsoft Office, particularly Excel and PowerPoint.
• Ability to work with Share Points and GRC tools, including proposing and executing enhancements and assessing the impact to end-users, reporting, etc.

The expected base salary ranges from $162,,000.00 - $200,000.00 Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, including but not limited to Medical, Dental and 401k that begin on day one of employment, successful candidates are also eligible to receive a discretionary bonus.

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