Description:
Nomura Overview:
Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment 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.
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.
2nd Line ORM (Operational Risk Management) - Business Unit Overview:
Operational Risk Management (ORM) is a 2nd line of defense governance function providing an integrated operational risk guidance, Non-Financial Risk advisory services enabling Powai to establish, maintain and improve a forward-looking risk culture and best practices. The team has close engagements with Powai Divisions in promoting & sustaining global risk and control best practices, adherence to global operational risk policies thereby establishing a mind-set shift amongst all divisions in managing operational risk in the most forward-looking manner. Operational Risk management framework is fully embedded in Powai across all divisions with adequate risk monitoring and event escalation mechanisms. In line with overarching vision of CCO and Powai leadership team, the function endeavors to build an eco-system, where operational risk is a central theme for all divisions in building a control conscious organization
Operational risk management (ORM) has 4 teams i.e. Core ORM (Business advisory team), Central ORM framework support, Global Risk Analytics and NEHS Scenario support. These 4 teams within ORM report locally to Powai Head of Operational Risk Management & is functionally aligned to respective Global Onshore Leadership Team. This role opening for VP is in Core ORM business advisory
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:
Any Graduate/Postgraduate/CA/MBA/ Engineering
Role & Responsibilities:
Collaborate with Japan, AEJ, EMEA, US ORM SPOCs to consolidate Operations/Global Middle office risk agenda for cross-regional coordination and global ORM execution
Establish communication loops with Global ORM-Global Portfolio Directors/team on progress, red flags and centrally track and project manage actions consolidation from ORM reviews across regions
Lead coordination of global risk assessments and QAQC processes with regional teams, identifying consolidation opportunities through standardization of RCSA methodologies and harmonization of risk and control frameworks to ensure consistent global risk reporting and management practices
Provide independent 2nd line ORM oversight and challenge across critical operational domains including payments processing and settlement failures, KYC/AML compliance and client onboarding, margin calculations and collateral management, cash prime brokerage operations and client money segregation, and trade capture with transaction reporting accuracy
Challenge 1st line control framework through adequacy assessment and challenge from 2nd line perspective and perform independent risk reviews, targeted assessments, QAQC, and deep dives across operational domains
Represent Powai in global ORM forums, contributing to strategic discussions on emerging risks and framework evolution
Present key ORM risks, KRI trends, and control testing updates to ORM Horizon Scanning Governance Forum discussions on emerging risks and strategic risk themes
Establish regular risk dialogue sessions with Global Stakeholders to ensure operational risk considerations are integrated into strategic planning/RCSA
Conduct risk assessments for new business initiatives, AI implementations, technology transformations, and business change management initiatives, developing cross-regional risk maps with focus on emerging AI risks, automation risks, and digital transformation operational risks
Partner with global functions to provide advisory solutions from 2nd line ORM perspective, perform QA/QC to identify inconsistencies in global risk governance framework implementation, and track actions and facilitate review outcomes with global teams
Participate in global projects based on emerging risks in settlements, KYC, client services, and cash prime operations
Develop and maintain strategic relationships with key internal stakeholders across all business lines, ensuring ORM is embedded in business decision-making processes
Collaborate with Global Central ORM teams to ensure seamless convergence and alignment of operational risk management systems, tooling, and dashboarding platforms, while establishing robust feedback loops to enhance system effectiveness and drive continuous improvement across regional implementations
Create executive dashboards that translate complex operational risk data into clear, actionable business intelligence
MIND SET:
- Exposure in Operations, Payments, Settlements, Client On-boarding, Securities market, Trade booking, validation
- Staying “upwind" - keeping options open
- Recognizing exponential opportunities
- Balancing consistency with flexibility
- 15+ years of experience in Operational Risk Management/risk and control teams within global financial services/global capability centres with strong risk focused mindset
- Exposure in trade lifecycle, trade support, trade booking risks, settlements, payments, margin, collateral, client services, asset servicing, treasury, cash management, cross product middle office operations
- Proven experience in RCSA methodology, control framework design, and global risk consolidation initiatives
- Experience with RCSA, KRI, risk event management, and scenario analysis on a global scale
- Knowledge of financial markets infrastructure, clearing and settlement systems, and prime brokerage operations
- Experience in horizon scanning, emerging risk identification, and forward-looking risk assessment
- Strong presentation and communication skills with experience presenting to senior management and risk committees
- Demonstrated ability to work effectively across time zones and cultural contexts
- Excellent analytical, communication, and stakeholder management skills
- Combining insights across different fields
- Using both directed and undirected thinking
- Managing energy and attention effectively
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, colour, 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).
