Global Markets – Front Office Regulatory Risk – Associate / VP

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.

Divisional Overview:

Global Markets (GM) Powai team is an extension of regional Global Markets (Front Office) teams supporting Equities, Securitized Products, Rates, FX, and Credit. The division in Powai provides support for a range of activities like research, quantitative modelling, sales and trading support, pricing and balancing, product development and strategy. Powai operation is a critical part of the platform to support the growth of Nomura’s global business

Business Overview:

The Business Management / Functional Support team in Powai is a key Business Unit within the GM division. It houses several extended teams for various regional functions acting as enablers for the Front Office teams such as AEJ, EMEA & US GM Business Management, Client Account Management and Strategy (CAMS), Wholesale Control Office (WCO), Front Office Regulatory Risk (FORR) and Senior Relationship Management (SRM).

The role will be part of the FORR function and will involve building and maintaining the global regulatory control frameworks in Global Markets and Investment Banking. The role will be based in Powai, and the individual will have a reporting line into the Head of the Front Office Regulatory Risk function in London, and a local reporting line to the Head of Global Market Control Office (GMCO) in Powai.

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:

Corporate Title:

Functional Title:

Experience:

Qualification:

Role & Responsibilities:

Role

• We are seeking a dynamic individual to join the Wholesale Front Office Regulatory Risk team, based in Powai.
• This role is to build out a support team in Powai focusing solely on the regulatory control framework. It will involve working closely with the FORR team in London.

Responsibilities

1. Regulatory Framework & Analysis:

• Support the FORR team in London in building out the Wholesale regulatory control framework.
• Work closely with GM, Investment Banking (IB) and other Corporate functions including Compliance and Legal to define and deliver the regulatory control framework.
• Review regulatory requirements and define controls, seeking appropriate SME input and management approval and signoff.
• Assist in monitoring and implementing regulatory requirements, particularly around MiFID II, EMIR, Dodd-Frank (CFTC Swap Dealer (SD) and SEC Security Based Swap Dealer (SBSD)) and Global Margin regimes.
• Utilise the Corlytics platform to analyse and respond to Compliance escalations on global enforcement actions and regulatory developments.
• Perform impact assessment and read-across analysis of enforcement actions for business relevance.
• Create and maintain comprehensive rule maps for Wholesale policies and procedures owned by FORR.
• Assist in the delivery of the annual Appendix A annual rule assessments for CFTC SD and SEC SBSD requirements.
• Maintain global regulatory calendar and track implementation timelines.

1. Project Management & Control Framework Design:

• Involvement in Wholesale regulatory implementation project management as a key stakeholder, defining, tracking and managing delivery of milestones within defined timelines, or timely escalation if delivery dates at risk.
• Review and understand relevant Management Information (MI), working with Business individuals to understand exceptions, escalating to GM / IB Management and / or Compliance when necessary.
• Creation and timely delivery of MI where systematic production is not available; documenting process and controls to ensure accuracy and completeness.
• Work closely with the WCO supervision team to identify opportunities to embed regulatory controls into their framework; provide input into supervision policies, guidelines, and handbook.
• Producing summaries and reports for regional teams.
• Write presentations for FORR to deliver to various Wholesale committees and other senior management meetings.
• Facilitate meetings, including taking of minutes, recording any actions resulting from the meeting and tracking progress.
• Creation and maintenance of Wholesale policies and / or procedures.
• Development of regulatory trading system controls, including drafting business requirements and performing UAT testing.

Mind Set:

Domain

• Significant experience in a regulatory risk/control role or other relevant function, including Compliance
• Strong understanding of global markets and regulatory frameworks, including working knowledge of regulations such as MiFID II, EMIR, Global Margin and Dodd-Frank
• Excellent understanding of Non-Financial Regulatory Controls including approaches to the identification, assessment, management and monitoring of Non-Financial Regulatory Risks
• A strong understanding of global markets and investment banking products and services including key Trading, Sales and Origination, processes and the associated controls
• Good awareness of confidentiality
• Professional certifications (compliance qualification)

Technical

• Strong influencing and coordination skills to be able to manage stakeholders across multiple regions and functions to achieve meaningful regulatory framework control improvements
• Excellent verbal and written communication skills
• Sound administration, organisational and prioritisation skills
• Ability to multi-task effectively and to work on own initiative with minimum supervision
• Ability to work under pressure to tight timelines
• Ability to use own judgment and be proactive
• Ability to think independently and challenge and escalate where necessary
• People management and development
• Effective team player with well-developed interpersonal skills
• Enthusiastic, with the ability to be assertive
• Organised and detail-oriented
• Flexibility to be productive and comfortable in several different situations and environments
• An ability to remain objective whilst providing advice and support to relevant business areas and senior management
• Strong understanding of Nomura System Architecture and Data warehouses
• Basic project management skills (project definition, planning, risk and issue identification, milestone tracking and summary reporting)
• Intermediate to advanced Excel and PowerPoint skills (knowledge of VBA / Macros is a plus)
• Intermediate to advanced Python skills

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).