Location
London

Hours
Full Time

Salary
Competitive starting salary plus discretionary bonus

About the Role
The Collateral Management team at Mizuho consists of 3 FTEs managing exposures from OTC, Repo, Structured Finance, ETD, and SBL trading portfolios. This role is critical in ensuring counterparty credit risk is mitigated across all collateralised agreements within a controlled framework. You will be responsible for managing margin calls, ensuring all margin movements are accurately captured in Mizuho systems, and reconciling payments and receipts within agreed deadlines. Key duties include releasing triparty movement instructions, resolving disputes, monitoring custodian systems, and actioning instructions for both cleared and bilateral trades. You will also agree interest and fee payments, perform daily and monthly controls, manage RPA processes, escalate control fail incidents, and collaborate with technology teams to improve processes. Cross-training within Agency Lending and Cross-Product Collateral sub-teams will be part of the role to provide periodic coverage. This position offers the opportunity to work on projects and firm-wide initiatives, contributing to the continuous improvement of the control environment and operational efficiency.

What Mizuho Can Offer You
At Mizuho, you will find excellent progression opportunities and clear paths to promotion. We encourage innovation and provide ample opportunity to influence change and help grow the business. Benefits include a competitive salary with discretionary bonus, non-contributory pension, 27 days' annual leave, core working hours, hybrid working options, and wellbeing benefits such as Mental Health Allies and First Aiders. We embrace flexible working arrangements including part-time, job-sharing, and hybrid models where applicable. Our inclusive culture supports equality and diversity, fostering a workplace where all backgrounds and identities are welcomed and respected.

Experience
- Proven track record managing day-to-day risks related to OTC, ETD, Repo, SBL, and Structured products
- Strong numerical and analytical skills
- Experience working under pressure and meeting short deadlines
- Customer-centric career experience
- Experience within Operations with detailed knowledge of operational functions
- Sound knowledge of regulatory frameworks affecting collateral, including EMIR unclear margin rules and Triparty initial margin process

About You
- Excellent organisational and time management skills
- Strong communication skills with a collaborative approach
- Demonstrable ability to innovate, support change, and problem solve
- Ability to work effectively within a team and across multiple stakeholders

Qualifications
- Sound knowledge of CSA, GMSLA, and GMRA agreements
- Solid understanding of OTC Derivative, Repo, and SBL products
- Proven ability to manage margin calls, reconciliations, and control processes effectively