Job Title:  Operational Risk Management, Global Legal, Compliance and People Risk Lead

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

Job Title:  Operational Risk Management, Global Legal, Compliance and People Risk Lead
Corporate Title:  Executive Director
Department:  Risk
Location:  Hong Kong

Department overview:
Risk Management supports Nomura to achieve its business goals by partnering with business units across the firm, providing independent advice to the Board and protecting the firm from exposure to losses as a result of credit, market, operational and other risks.  Operational Risk Management is the risk oversight function for operational risk and provides risk guidance and credible challenge to the business and corporate functions.  The role resides within the firm’s Operational Risk Management function reporting to the Global Head of Operational Risk based in Asia.

Global Legal, Compliance and People Risk Lead will be responsible for leading global Operational Risk Management’s oversight of Compliance, Legal and People risk domains across the firm.  This includes providing guidance on risk and control matters, forming an independent and consolidated view of risks in those domains across the enterprise, and partnering with risk domain SME Functions and regional ORM to deliver on risk mitigation efforts.

Role description:

• Establish a strategy to develop and improve Operational Risk Management in the Compliance, Legal and People risk of the firm in partnership with risk domain SME functions.
• Conduct assessment of key Compliance, Legal and People risks and deliver cross-functional enhancement to improve controls.
• Participate and influence decision making in management forums and contribute to continuous improvement of risk practices.
• Lead ORMs oversight and challenge of assessment of risk exposures and control effectiveness in the relevant SME department Risk and Control Self-Assessments and take lead in assessing adequacy of risk and controls across the respective risk domains.
• Establish appropriate risk appetite and early warning metrics with SME functions to monitor risk exposures in line with firm’s risk appetite.
• Contribute to development of enterprise-wide risk and control management frameworks for these risk domains in collaboration with risk domain SME functions.
• Lead and challenge review of material operational risk events and analysis of thematic operational risks impacting across the risk domains.
• Lead in executing special projects and global initiatives to identify and mitigate risk.
• Coordinate and supervise efforts by regional Operational Risk Management team members covering Compliance, Legal and HR functions in their regional initiatives to provide globally consistent challenge, feedback and advise.

Skills, experience, qualifications, and knowledge required:

• 10+ of relevant financial services risk management experience in 1LOD, 2LOD or 3LOD roles managing compliance, regulatory, legal and/or employment practices related risk and control reviews.
• In-depth technical knowledge with laws and regulations impacting global financial services industry, with working knowledge of Compliance functions preferred, including central compliance functions, financial crime, business compliance, surveillance and control testing.  A working understanding of potential legal risk related to documentation, enforceability, and contractual obligations arising from global banking business is also advantageous.
• Understanding of key employment practices risks impacting financial services industry.  
• Experience in investigating regulatory, legal and/or conduct issues, identifying root causes and proposing and overseeing implementation of controls enhancements.
• Strong communication skills, both verbal and written; ability to produce concise and effective presentations.

Diversity Statement

Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.

DISCLAIMER:  This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job.  The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time. 

Nomura is an Equal Opportunity Employer