Regulatory Reporting Lead (Operational Risk) (Finance)

Americas Risk Department

The Americas Risk Department, as a second line of defense organization, provides common risk management oversight and services to all businesses and legal entities across Mizuho U.S. Operations (MUSO). Effectively managing risk on a consistent and holistic basis is critical to Mizuho's success in the Americas and in meeting evolving regulatory expectations. The Non-Financial Risk (NFR) Team has built a repeatable and sustainable operational risk framework across the enterprise and is now expanding to include a dedicated focus on Regulatory Reporting Risk.

Position:

We are seeking a seasoned Regulatory Reporting SME at the VP/Director level to join our team as a key partner in strengthening our bank's regulatory reporting control environment. In this role, you will provide independent second-line oversight and credible challenge to ensure accuracy, completeness, timeliness, and compliance of regulatory reporting across the organization. You will lead strategic initiatives and work closely with divisional leadership to ensure that regulatory reporting processes are robust, well-controlled, and aligned with regulatory expectations. This role offers an opportunity to influence regulatory reporting risk strategy at the highest levels of the organization.

Key Responsibilities

Strategic Leadership & Oversight:

• Collaborate with senior divisional leadership to embed regulatory reporting risk management into strategic, risk-driven decision-making, ensuring that reporting processes are designed and maintained to produce accurate, complete, and timely regulatory submissions.
• Provide second line oversight of regulatory reporting processes, effectively challenging and refining first line methodologies, controls, and outputs at a strategic level, ensuring adherence to SEC, FRB, OCC, FDIC, and other relevant regulatory requirements.
• Serve as a trusted advisor, offering constructive, independent review and challenge of regulatory reporting frameworks, including data quality validation, control effectiveness, and compliance with applicable regulatory standards.

Monitoring, Assessing, and Continuous Improvement:

• Develop and implement a comprehensive continuous monitoring program to evaluate the bank's regulatory reporting processes, uncover reporting gaps and inaccuracies, identify structural issues, and seize opportunities for enhancement.
• Lead regulatory reporting risk assessment initiatives—including deep-dive reviews, control testing, and scenario analyses—to validate the effectiveness of controls over regulatory reporting submissions.
• Oversee thematic analyses to pinpoint regulatory reporting weaknesses, ensure timely resolution of issues, and track remediation efforts to completion.

Regulatory and Industry Best Practice Advisory:

• Provide expert guidance on regulatory requirements and supervisory expectations for regulatory reporting, with a strong grasp of banking regulatory reporting frameworks such as FR Y-series reports (FR Y-9C, FR Y-14 series), FFIEC Call Reports (031/041/051), CCAR/DFAST submissions, and other prudential regulatory requirements.
• Stay ahead of industry trends and evolving regulations to ensure that our regulatory reporting practices are forward-looking and aligned with global best practices.
• Prepare and deliver high-impact presentation materials for executive leadership, business partners, and regulators regarding regulatory reporting risk status, control assessments, and improvement initiatives.

Governance and Cross-Functional Collaboration:

• Lead and chair regulatory reporting risk governance meetings, engaging key stakeholders to review the current reporting control environment and proactively address emerging risks.
• Mobilize cross-functional partners—including Regulatory Reporting teams, Finance, Compliance, and Technology—to investigate and address regulatory reporting-related risks, ensuring a coordinated response.
• Collaborate with the broader NFR team on new initiatives designed to integrate advanced regulatory reporting control frameworks into our existing risk management processes.

Qualifications

• Bachelor's or master's degree in Accounting, Finance, Economics, Banking, or a related field.
• Minimum of 7+ years' experience in regulatory reporting within the banking industry, with expertise in the preparation and submission of regulatory reports. Experience in both 1st line and 2nd line roles is preferred.
• Relevant professional certifications such as CPA, CFA, FRM, or banking-specific credentials that demonstrate regulatory reporting expertise.
• Demonstrated track record in designing and executing regulatory reporting control programs—including process reviews, control testing, and data quality validation—to ensure accurate and compliant regulatory submissions.
• Deep understanding of banking regulatory requirements and supervisory expectations for reporting, including Federal Reserve reporting (FR Y-9C, FR Y-14, FR 2052a), FFIEC Call Reports (031/041/051), CCAR/DFAST submissions, Basel III frameworks, and other prudential regulatory requirements.
• Experience with regulatory reporting validation frameworks, data lineage, attestation processes, and governance structures for ensuring regulatory reporting accuracy.
• Familiarity with regulatory reporting systems and platforms such as AxiomSL, Reg-Reporter, or other industry-standard reporting solutions.
• Proven ability to effectively challenge first-line inputs and regulatory reporting methodologies with informed, constructive feedback.
• Exceptional analytical, problem-solving, and decision-making skills to assess complex regulatory reporting processes and implement strategic, actionable solutions.
• Excellent interpersonal and communication skills, with the ability to translate technical regulatory reporting requirements for diverse stakeholder groups at all levels.
• Strong project management skills with the agility to adapt to shifting regulatory priorities and unforeseen challenges.
• Familiarity with regulatory reporting requirements specific to Corporate and Investment Banking as well as Capital Markets.
• Compliance or audit experience in reviewing regulatory reporting processes and controls is a plus.
• Proficiency in Microsoft Office applications, especially Excel and PowerPoint, and experience with data visualization tools.

The expected base salary ranges from $170,000.00 -$220,000.00. 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, successful candidates are eligible to receive a discretionary bonus.

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