Description:
Nomura Overview:
Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations across four international regions.
At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.
Divisional Overview:
The Risk Management Division encompasses the firm's comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firm's risk-return profile, which ensures the efficient deployment of the firm's capital. It is one of the firm's core competencies and is independent of the trading areas and operational areas.
Business Overview:
Risk and Control is the 1.5 line of defense function for Risk Management globally and acts as a dedicated governance and control team for Risk Division. The main responsibilities are to ensure controls and governance across Risk Management functions are in line with the senior management expectations. This is achieved through carrying out policies and procedures reviews in areas of focus basis senior management feedback, review RCSAs and conduct control testing, drive projects that enhance governance and operational risk management within Risk Division. The team is also responsible for monitoring and reporting of controls including relevant KPIs, KRIs and drives a monthly global governance forum. The team makes recommendations to Senior Management and prepares lessons learnt as required from the various framework and deep dive reviews. All Risk and Control findings and recommendations are presented to senior management and or relevant committees for further actions.
What We Offer:
- We support employee wellbeing by ensuring a sense of purpose and belonging.
- We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
- Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.
Position Specifications:
Role & Responsibilities:
- Conduct design and operating effectiveness testing of controls across Risk Division, collaborating with Risk owners and control owners globally to validate control adequacy and performance through systematic sample testing. Additionally, conduct thematic review of RCSAs to ensure consistency and completeness of RCSA register for Risk division
- Lead implementation of operational risk frameworks across Events, RCSA, KRIs and Reporting, working with risk sub-functions to embed practices into BAU operations and drive continuous enhancement initiatives
- Co-ordinate with Operational Risk teams to mitigate the gaps by working closely with Risk Functions in building solutions for control enhancement
- Responsible for carrying out sample testing of process or risk applications to ensure effective control and governance by working closely with Risk Managers globally.
- Carry out deep-dive thematic reviews in the areas of emerging risk or as per the request of senior risk management
- Work on global governance projects that are cross regional and cross functional in nature. This requires working with key stakeholders across Risk Management.
- Monitor, report and recommend KRIs and KPIs for enhanced control and management reporting purposes to the senior risk management forums
- Have technical expertise to carry out sample testing of EUCs, to confirm if they abide with EUC control and governance framework related requirements.
- To maintain proper documentation of all the processes
- Performs other duties and tasks as assigned
- Can operate with a limited level of direct supervision
- Help with other ad hoc activities as the need arises
Mind Set:
- Strong understanding of Risk Management frameworks and operational risk management principles
- Experience in control testing methodologies including design and operating effectiveness validation
- Strong analytical mindset with attention to detail required for sample testing and thematic reviews
- Excellent stakeholder management skills to collaborate with Risk owners, control owners, and senior management globally
- Strong written and verbal communication skills for reporting findings and recommendations
- Should have an understanding of investment banking and products
- Ability to drive self learning, demonstrate initiative and be accountable for one’s delivery
- Prior experience in operational risk framework implementation (Events, RCSA, KRIs, Reporting)
- Prior experience of working in Credit risk / Market risk / Model Risk / Stress testing
- Experience working in 1.5 Line of Defense or similar governance oversight role
- Should have an understanding of investment banking and products
- Excel skills for data analysis and sample testing
- Strong PowerPoint/presentation skills for management reporting
- Experience with working on GRC system
- Expert skills in python, Alteryx, Power BI, SQL will be an added advantage
We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.
- Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.
- The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).
