Job Title:  eTrading Risk and Controls

Job Title: Equities eTrading Risk and Controls- UK
Corporate Title: Vice President/ Executive Director  
Division: Global Markets
Location: New York 

The pay range for this position at commencement of employment is expected to be between $180,000-$300,000 

Company 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.

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

Instinet, a subsidiary of Nomura, is a leading global electronic trading platform that offers innovative solutions to institutional clients. With a team of experienced professionals, Instinet provides clients with customized trading strategies and access to liquidity across multiple asset classes. The platform's cutting-edge technology and commitment to client satisfaction have made it a valuable partner for clients looking to optimize their trading performance. Instinet's mission is to continue driving growth and success in the electronic trading space through its focus on technology, innovation, and client service. 

Equities eTrading Risk & Controls Team Overview

The Equities eTrading Risk and Controls is a first line of defence function for low touch electronic trading within Global Equities. The team will work closely with each eTrading businesses and technology across Global Equities as well as Second Line functions. Equities eTrading Risk and Controls is responsible for the build out and maintenance of robust control framework that mitigates risks associated with low touch electronic trading including conduct risk.

The eTrading Risk and Controls function is responsible for maintenance of algorithms, eTrading flow diagrams, risk control inventory and related documentation, facilitation of approval process for new algorithms and material changes, control processes and procedures etc.

The eTrading Risk and Controls function will be working with the Equity division head, desk heads, quants, technology and business COO to ensure a smooth running of e trading platforms, and to contribute to their business development.  Nomura Global Markets have been investing continuously over the past few years to grow their penetration of electronic trading wallets globally.. 

Key Responsibilities of eTrading Governance Role:

• Governance and oversight of Equities low touch eTrading activities in US including maintenance of algorithms & risk controls inventory and related documentation, conduct annual review and attestation.
• Provide expert guidance to eTrading businesses in US with respect to eTrading Governance Framework including adherence to eTrading Policy and local regulatory requirements such as 15c35, Reg ATS.
• Facilitate new algo and material change approval process, vendor due diligence.
• Work with business and second line in design and calibration of eTrading risk controls.
• Development of strategic tool for maintenance of inventory, documentation and managing workflow.
• Liaising with Regulators and Audit when required.
• Assist in development of eTrading policy, training, control processes and procedures.
• Co-ordination of regional or legal entity specific governance forums.
• Co-ordination of Risk and Control Self-Assessment and review and challenge of operational risk events.

Requirements:

• A strong understanding of algorithmic trading systems and the inherent risks involved in their use, along with various controls used to mitigate such risks.
• Strong communication skills and ability to engage with all levels of management
• A self-starter with an ability to drive initiatives and collaborate with global counterparts on deliverables.
• Ability to analyse, interpret, re-factor and present complex data-sets. Strong Excel and presentation skills preferable.
• Knowledge of local regulations and key exchange rules relating to algorithmic trading preferable.
• Track record of sound risk management to reduce operational and conduct risk and facilitate rapid business development.
• Experience in E-Trading, Technology, Compliance, Operational Risk Management, Audit and/or other relevant function preferable.

Nomura Competencies
Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

• Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

*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 in the U.S., 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”.