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Risk and Collateral Management, Vice President
Mizuho Financial Group
New York, NY, United States
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SUMMARY:
Main responsibilities will be to assist the VP, RCMG & SVP/Team Leader of RCMG to service, monitor and maintain Global Transaction Banking Department (GTBD) New York’s commodity and trade finance portfolio in support of North American Banking(NAB) and other business unit clients , keep track of outstandings & collateral, liaise with correspondent global financial institutions, assist structuring of back-to-back SBLCs and BGs, assist in negotiating documentation with clients, correspondent banks and Mizuho branches, with approval of Legal Unit.
This position also requires assisting the trade finance account officers with the processing and monitoring of Mizuho SBLC portfolio activity, daily operations, pricing models and Return on Risk Assets (RORA) schedules, and assisting with the processing of loan and letter of credit activity as needed.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Role and Responsibilities:
• To be one of GTBD-NY’s primary points of contact for enquiries with regard to basic trade finance products of Letter of Credit issuance, L/C confirmations, Forfaiting and L/C Risk Participations, and a secondary contact for Supply Chain Finance, receivable purchasing (Invoice Discount Finance) and Payment Guarantee products. Assist in the promotion, origination, structuring, negotiating and execution of the above Letter of Credit products and as needed, the other trade finance products.
• Coordinate and cooperate with employees in other Mizuho divisions for marketing, credit applications, administration and execution of deals.
• Pursue any necessary research and basic analytics with regard to risk analysis, financial statement analysis and cash flow modeling, if required for assessing the risk of the products noted above, and/or with relation to commodity finance clients.
• Assist as needed in the preparation of credit applications and other internal documents as well as obtaining appropriate internal approvals in a timely manner for transactions to be pursued, including customer registration, KYC, credit rating and other system registrations required in preparing credit applications for GTBD names.
• Assist Relationship Manager’s in the marketing of commodity trading companies and assist the RCMG team in the monitoring of the existing commodity finance portfolio, including GTBD’s commodity finance clients.
• And other duties as assigned.
Technical skills required:
• Trade finance expertise (knowledge of UCP600, ISP98 and URDG 758)
• Basic skills necessary to pursue the above tasks (i.e., legal, finance, economic, communication, negotiation, technical, insurance and etc.)
MINIMUM JOB REQUIREMENTS OR EXPERIENCE:
Preferably 4 plus years of experience in Commodity Finance / Trade Finance, specifically:
• Letters of Credit, specifically Trade, Performance, Advance Payment, Bid SBLCs, Bank Guarantees, and other Contract Bonds;
• Experience working with Front Office interfacing with Corporate Clients;
• Ability to acquire a basic understanding of Credit Risk Analysis and Financial Statement Analysis if needed;
• Negotiating experience with related parties with SBLC/BGs texts and related agreements
• Structuring experience to optimize SBLC/BG back-to-back issuances for client requirements.
• MS Office Suite (Word, Excel, Powerpoint, Access) and also ACBS. Must have the ability to learn other bank systems, as needed; and
• Bachelors Degree.
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.
Mizuho Bank Ltd. offers a competitive total rewards package.
We are an EEO/AA Employer - M/F/Disability/Veteran.
We participate in the E-Verify program.
We maintain a drug-free workplace and perform pre-employment substance abuse testing.