Operational Risk - Associate

Profile Summary

The purpose of this role is to assist and lead in the identification, assessment, quantification, monitoring and reporting of Operational Risks across multiple Mizuho entities including, London and EMEA offices.

Duties and Responsibilities

Support the delivery of key ORM deliverables, including:

• Review and challenge of internal risk events, ensuring the root cause of events are fully understood, control issues are accurately identified, and remedial actions are appropriate and tracked. Demonstrate strong analytical thinking, attention to detail, and the ability to communicate findings clearly to stakeholders.
• Log operational incident challenges, perform initial categorization, and ensure completeness and accuracy of supporting evidence.
• Prepare MI outputs, data extracts and summary tables to support senior reporting and governance requirements.
• Support the delivery of Risk & Control Self-Assessments, including the assessment of control effectiveness, review of Issue Impact Assessments, conducting inherent and residual risk evaluations, and preparation of related Executive Summary papers. Apply critical thinking, structured problem-solving, and clear written communication to ensure high-quality outputs.
• Support the review and assessment of Operational Risk scenarios and capital calculations, contributing data analysis, documentation quality, and collaboration with internal stakeholders to maintain accuracy and consistency.
• Support ORM and business initiatives, such as KRI reviews, new product approvals, and other cross-functional risk activities. Exhibit adaptability, proactive engagement, and collaborative working behaviors, to meet evolving business needs.
• Provide first-line support for local operational risk systems, resolving user queries, maintaining data integrity, and escalating issues appropriately. Apply problem-solving skills, customer-service orientation, and ownership of tasks to ensure effective system usage.
• Co-ordinate and prepare Operational Risk Committee agenda, papers and minutes, ensuring timely delivery, accuracy, and clarity of information. Demonstrate strong organisational skills, stakeholder management, and professional communication when interacting with senior audiences.

Qualifications, Skills, and Experience

• Experience in operational risk management preferable, with a strong understanding of control frameworks.
• Knowledge of corporate banking products, processes and end-to-end risk drivers.
• Ability to work independently, manage multiple deliverables and engage effectively with stakeholders.
• A Level to Degree level education (or equivalent professional experience).
• Solid understanding of mathematics or statistics relevant to risk assessment.
• Intermediate to advanced Microsoft Excel capability (pivot tables, formulas, data analysis).
• Strong written and verbal communication skills with the ability to deliver clear, concise analysis.
• Collaborative working style and ability to build relationships with stakeholders across business areas.
• Adaptability, proactivity and willingness to develop broader operational risk expertise.
• Knowledge of Access/VBA or progress toward professional certifications (e.g., IRM, ICA) is desirable.

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.