Europe Credit Department’s principle responsibility is to maintain and monitor the quality of that part of the lending book falling within its jurisdiction (Europe, Africa and the Middle East), in accordance with Bank policy and the procedures contained in standard instructions. Specifically, EUCR will:
• Approve credit / risk lines up to the approval level of the General Manager / Department.
• Review and provide a recommendation to Head Office or the Head of Region on credit requests above the approval level of the Department.
• Review and monitor the loan portfolio to maintain a balanced and quality driven asset base.
• Review and monitor developments in emerging (and other) market countries under its jurisdiction and determine appropriate lending limits and strategies.
• Disseminate and ensure compliance with bank credit policy, regulatory requirements and local laws.
• Act as a point of reference and maintain a constructive and supportive relationship with the Branches for all credit and lending related matters. The ideal candidate for this role is delivery focused with a good understanding of credit analysis techniques, and a track record of analysing information to present sound recommendations. Core Duties and Responsibilities
• To carry out a thorough analysis of Financial Institution credit applications and emerging markets country risks in the EMEA region. Based on this, prepare credit reports and recommendations to Senior Management enabling a final credit judgment to be made. Where necessary, in order to gain a better understanding of the credit, attend bank meetings and / or make on-site visits.
• Monitor developments by Country and across the Financial Institution sector, identifying major risk factors and, after investigating any adverse developments that may affect existing clients / quality of book, bring these to the attention of Senior Management.
• To conduct credit reviews and assess internal ratings on a regular as well as an adhoc basis.
• Effectively liaise with, and provide guidance to the business side on all credit related matters.
• Monitor developments by country, identifying major risk factors and investigating any adverse trends that may affect existing clients or quality of book; bringing these to the attention of Senior Management.
• To provide analysis of the sovereign risk (economic risk, political risk and financial stability) of countries in which Mizuho operates in the EMEA region, with a particular focus on Emerging EMEA (Former Soviet Union, Middle East, Turkey, North Africa and Sub-Saharan Africa).
• Where necessary in order to gain a better understanding of sovereign / country / individual credit risks, attend client meetings or make on-site and country visits (arrange and conduct due diligence trips).
• Develop and maintain information sources relevant to emerging market countries under Europe Credit jurisdiction to the extent of being ready to exchange views and/or opinions with external organizations such as other banks, institutions, rating agencies and so on. Qualifications, Skills and Experience Essential
• Good credit analysis and research skills (including cash flow analysis / modelling) ideally gained in a mainstream-banking environment.
• Experience of lending to and analysing major corporate and ideally LBO finance propositions in the EMEA region (project, structured or asset backed experience also beneficial but not essential)
• Ability to understand and interpret balance sheets, P&L accounts and cash flows.
• Good oral and written communication / presentation skills and ability to communicate at all levels (presentations up to GM)
• Computer literate on Microsoft Word, Excel and Powerpoint
• Ability to work in a time constrained and cross cultural environment Desirable (useful but not essential):
• Degree educated with an ability to learn quickly
• Previous formal credit control experience or some form of formal credit and / or accountancy training.
• Experience of lending into emerging markets (Eastern Europe, Middle East, Russia, Africa)
• Knowledge of EMEA legal and regulatory systems
• Knowledge of the Mizuho Bank culture, philosophy, structure and policies (including rating systems and procedures and lending / pricing guidelines).
• Knowledge of a European language
• Knowledge of Rating Agency’s methodologies. We offer equal employment opportunities to all, promote diversity and inclusion and do not tolerate discrimination or harassment of any kind, including on the grounds of gender, nationality, race, age, ethnic origin, religion, disability, sexual orientation, or gender identity.
Please note that whilst we are able to consider applications from overseas workers from outside the EEA, i.e. those who require a Tier 2 (General) visa, we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA, in line with UK Government legislation. Mizuho Bank provides financial and strategic solutions for the increasingly diverse and sophisticated needs of international clients, focusing its efforts on serving major corporations, financial institutions, individuals and public sector entities. A relationship management approach to serving clients enables Mizuho Bank, together with group companies including Mizuho Trust & Banking and Mizuho Securities, to develop customised solutions in areas such as corporate, structured and project finance, transaction banking and risk management.
With 81 offices outside Japan, Mizuho Bank offers both local experience and the ability to progress careers across its global business network. Mizuho Bank is a subsidiary of the Japan-based Mizuho Financial Group, Inc, one of the largest financial services companies in the world, with total assets of approximately US $1.8 trillion (as of March, 2016). Mizuho London Branch has over 850 employees, Mizuho Bank employs over 27,000 employees and is part of the Mizuho Financial
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