Risk & Control Vice President

Division: Wholesale Operations Location: New York, NY

Company overview

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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.

Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors

Department Overview:

Operations Risk & Control Team

Role description:

·       This position is responsible for ensuring a robust risk management environment is maintained across Wholesale Operations. The role works closely with first line Operational Management in helping to ensure the execution of the control environment.

·       The successful candidate will have an aptitude for learning and understanding the front to back operating model as the role will interact with multiple stakeholders, such as Finance, Middle Office, IT and firmwide Operational Risk Management.

·       The role entails a variety and complexity of processes to help stimulate candidates who like to continually grow. To ensure success, the candidate should have good time management and prioritization skills to successfully manage multiple initiatives at once.

·       The department has a high profile within the organization and for the successful candidate; it presents the opportunity for good career growth.

Skills, experience, qualifications and knowledge required:

·       6 years of experience in Operations - reconciliations / settlements in financial services

·       3 years of risk & control experience

·       Assist in continuously improving the control culture within the Operations organization and influence team through risk awareness and process analysis.

·       Analyse weekly KRI‘s to monitor for any variances which could identify potential or emerging risks to highlight to senior management.

·       Help facilitate the execution and continuous assessment of the control environment, through the ‘RCSA’ (Risk and Control Self-Assessment) process. This includes evaluating and challenging inherent risks with managers, assessing control suitably and the residual operating risks.

·       Partner with the various Wholesale Operations teams in an advisory capacity on day-to-day processes and potential risks items.

·       Provide transparency & governance to various US and non-US legal entities through management reporting (including KRI monitoring and associated risk items).

·       Help facilitate new product due diligence process to ensure operational readiness for the build-out of a new business.

·       When Operational Risk Events occur, review associated processes and controls, to understand the point of breakdown and whether the root cause is related to control effectiveness design issue or an operating effectiveness issue.

·       Manage our internal and external Audit relationships by helping coordinate and review potential control items for remediation.

·       Co-ordinate with various departments in ensuring operational risks is minimized in the event of credit alerts.

·       Bachelors degree in business or related field is required

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.

Nomura is an Equal Opportunity Employer