Credit Portfolio Manager - Securitization, Director

About the Team

The Credit Portfolio Management (“CPM”) team is responsible for managing enterprise credit risk across the Commercial and Investment Bank. The team sets firm Risk Appetite and executes portfolio stress-testing, concentration risk management, identification of emerging risks, and comprehensive industry / sector credit analyses. CPM provides proactive monitoring for obligors and sectors utilizing various market indicators to support Credit Risk Management decision making across Mizuho.

CPM supports sound credit risk decision-making by providing tools to proactively monitor risk. The team is organized into three pillars:

• Portfolio Management, including Risk Appetite and Concentration Limit setting

• Data Management and Reporting

• Industry Research

Summary

CPM is seeking a Director-level candidate to support the Head of Credit Portfolio Management with risk management of Mizuho’s ABS and Securitization portfolio.

Responsibilities

• Evaluate and monitor the risk characteristics of a portfolio of Securitization funding facilities.  Work with Front Office and Credit Risk to develop additional quantitative and analytical tools to enhance portfolio management.

• Develop and execute comprehensive ongoing monitoring plans on private ABS transactions utilizing financial analysis and capital structure cash flow modeling.  Work with Risk Analytics to develop and conduct portfolio stress tests for senior risk and business management.

• Review and interpret legal documentations to ensure accurate implementation of financial covenants, trigger events, priority of payments and deal structure in risk modeling.

• Assess the risk involved in highly complex structured transactions and proactively monitor portfolio (risk metrics, compliance with financials covenants, etc.) and underlying collateral performance to identify credit migration.

• Establish portfolio limits through stress testing and scenario analysis and measure product compliance with firm Risk Appetite.

• Provide risk metrics, data, and analytical support for new and existing Securitization funding facilities backed by various asset classes including consumer auto, credit card, student loan, aircraft, and commercial loan & lease.  Oversee risk model development, stress testing, and loss assumptions for securitization portfolio.

• Generate reports as required to highlight portfolio metrics for senior management and external regulators and escalate credit concerns to senior risk managers.

• Work with various deal and data teams on database/technology and automation solutions to ensure credit risk positions are accurately reported in credit systems.

Qualifications

• Bachelor’s degree with major in Finance, Business Administration, Computer Science, or Economics.

• 8+ years of related work experience in credit risk analysis of ABS products including a demonstrated understanding of asset origination and servicing and ABS financing markets.

• Significant experience with structured finance transactions.  Comprehensive hands-on knowledge of securitization collateral analysis, deal modeling, and legal structures.

• Technical Skills: Strong knowledge of Microsoft office products including Excel, Word and PowerPoint.  Programming and transaction modeling skills using Excel and VBA a plus.

• Prior experience with Structured Finance deal modeling solutions such as Moodys, Intex, or similar portfolio risk platforms.

• Strong analytical and quantitative skills demonstrating the ability to assimilate new information, understand complex topics, and arrive at sound analysis and judgment.

• Proactive, self-starter who requires minimal supervision. Demonstrated drive to improve, learn, research, and resolve issues independently and/or with others on team.

• Excellent communication skills, both oral and written, and interpersonal skills.

• Ability to manage multiple tasks and thrive in a fast-paced team environment.