EMEA CIB Credit Risk - Managing Director

Profile Summary

EMEA CIB Credit Risk is an independent credit control function. Its principal responsibility is to maintain and monitor the quality of the lending book and derivatives activity falling within its jurisdiction (Europe, Africa and the Middle East), in accordance with Bank policy and the procedures contained in standard instructions. 

Specifically, it will:

• Approve facilities within and in excess of the Branch General Manager’s authority.
• Review and monitor the loan portfolio to maintain a balanced and quality driven asset base.
• Ensure compliance with bank credit policy, regulatory requirements and local laws.
• Act as a point of reference and maintain a constructive and supportive relationship with intra-regional and cross regional partners for all matters relating to credit decisioning.

EMEA CIB Credit Risk personnel responsible for credit analysis, review and approval of CIB client exposures are organised into Groups 1, 2 & 3. Group Heads in EMEA CIB Credit Risk play a key leadership role in managing the above process.

The Head of Group 1 is responsible for 2 teams covering:

• Financial sponsors (including all LBO financing, private credit-funded acquisition finance, subscription facilities, related derivatives) and NBFIs (including fund-level lending & FX, CLO warehousing, insured finance), and
• Counterparty Credit Risk and market analytics, including stress methodology, for the Markets businesses and Securitisation activity for the Banking business.

Duties and Responsibilities

• To support the EMEA Chief Credit Officer and Co-Chief Credit Officer (“Heads of Credit Department”) and, specifically, taking responsibility for leading Group 1.
• In relation to Group 1 clients, to approve new and increased credit facilities and renew existing lines of finance to customers in line with bank policy and within designated discretionary limits.
• To assist the Heads of Credit Department in the decision-making process regarding credit applications above personal designated discretionary limits and, where necessary, provide supporting summary opinions / recommendations to Senior Management and Head Office (HO).
• To monitor the existing portfolio, taking action as necessary in response to adverse developments in order to protect the Bank’s position and ensure the credit portfolio remains of the highest quality.
• To manage direct reports; guiding them in providing appropriately aligned support to CIB businesses and promoting high quality credit standards across lending, derivatives and related CIB products.
• To provide senior level leadership for initiatives to change credit processes / workflows focused on efficiency and/or effectiveness gains, in addition to broader programmes.
• To research and establish policy guidelines and lending limits for industries and high risk for developing sectors of the portfolio, liaising with HO Tokyo and other divisions as necessary.
• To collaborate effectively with other Group Heads on department wide initiatives and joint transaction management when applicable.
• To foster strong working partnership with Credit Risk colleagues in US and Asia

• To lead / contribute to departmental / inter-departmental projects in the promotion of the Bank’s core values / mission.
• To lead on the development of staff across Group 1 through provision of training, coaching and mentoring; actively supporting succession planning.

Qualifications, Skills, and Experience

Essential

• Extensive experience gained in Credit Risk Management or other relevant areas
• Exposure to both Banking and Markets business environments
• Strong credit analysis and research skills
• Knowledge of lending on a Corporate, Asset (LBO), and Structured finance basis
• A sound understanding of derivatives products and counterparty credit metrics
• Advanced knowledge of a wide variety of sectors
• Familiarity with corporate culture, philosophy, structure and policies (including rating systems and procedures and lending / pricing guidelines)
• Superior oral and written communication / presentation skills
• Ability to work in a cross-cultural environment
• Extensive management / leadership experience

Desirable

• Knowledge of UK/European legal systems and insolvency law

• Experience of other banking systems and procedures.

Supervisory / Managerial Skills

• Personal Accountability - taking responsibility / self-motivation / professionalism / respecting human rights
• Personal Effectiveness - Communication skills / personal organisation (time mgt, planning, working flexibly etc.) / personal development / interpersonal skills (empathy, influence, assertion/persuasion etc.)
• Compliance - understands and complies with regulatory framework
• Business Management - managing risk / managing compliance / monitoring and control of business activities / problem solving & decision making / delivering results
• Business Development - applying industry, sector and product knowledge / managing relationships / networking / collaborating / exercising commercial judgement
• Managing People & Performance - recruitment & selection / agreeing objectives, standards and targets / monitoring and appraising performance / delegating / improving individual performance / managing diversity and resolving conflict
• Leadership - influencing and inspiring others / leading teams / leading change
• Decisiveness

Managing Directors are required to be familiar with UK, European and Japanese regulation and compliance requirements including:

• The Financial Services and Markets Act 2000.
• UK Money `Laundering Regulations, including the FSA Money Laundering Sourcebook.
• Cross-Border Compliance.
• Senior Manager and Certification Regime (SMCR)

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 – recruitment@mizuhoemea.com and we will be happy to help.