Risk Management –Risk & Control Associate

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:

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 lines 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, 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 Data Quality metrics 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.

Position Specifications:

Corporate Title: Associate

Functional Title: Associate/Senior Associate

Experience: Minimum 6 years

Qualification:

Role & Responsibilities:

• 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 thematic reviews in the areas of emerging risk or as per the request of senior risk management, specifically but not limited to the Market Risk domain
• 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
• Co-ordinate with Audit and Operational Risk teams to mitigate the gaps by working closely with Risk Functions in building solutions for control enhancement
• Carryout periodic assessment as required to ensure embeddedness of Risk Management policies and procedures in BAU processes
• Ensure key risks are identified and included in the relevant risk register’s (RCSA) for RCSAs being reviewed, with support from the Risk Function’s COO. Additionally, challenge and test the Controls for existing risks logged in the RCSA as part of the Control Testing exercise.
• Help undertake reviews and implement solutions involving understanding of multiple risk systems
• 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:

Domain

• Should have analytical bent of mind and be good with numbers
• Should have an understanding of investment banking and products such as Derivatives
• Strong understanding of Risk management, particularly market risk
• Should be proactive in collaborating with multiple stakeholders including senior management.
• Should have strong attention to detail
• Should be a very good communicator
• Ability to drive self learning, demonstrate initiative and be accountable for one’s delivery
• Prior experience in EUC governance.

Technical

• Should have strong excel and presentation skills.
• Expert skills in python, Alteryx, Power BI, SQL will be an added advantage