Job Title:  Business Management

Job Title:                     Business Management

Corporate Title:           Vice President

Division:                      International Wealth Management

Location:                     NSL DIFC, Dubai

Reporting:                    NSL DIFC CAO

Nomura 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.

Department Overview

Nomura's International Wealth Management department offers unparalleled financial services and solutions to high-net-worth individuals and families globally. Our dedicated team of experts provides personalized advice and tailored strategies to help clients achieve their financial goals and preserve their wealth. With a comprehensive range of investment products and a commitment to exceptional client service, we are proud to be a trusted partner in navigating the complexities of the global financial landscape.

Role Description

Responsible for ensuring business process and procedures are fit for purpose and in line with regulatory requirements of International Wealth Management (IWM) in DIFC, through coordination of requirements with Corporate functions like Risk & Credit Management, Operations, IT, Legal and Compliance. Ensure internal procedures are understood by sales staff and consistently applied in practice.

Responsibilities

• Participate in end-to-end process implementation, including the design and localization procedures for DIFC branch
• Support Sales query, ensure service quality and consistency across front office (FO) in alignment with internal policies and procedures
• Ensure sales practices are in adherence to framework and policies
• Lead, participate and/or coordinate business process improvement initiatives / projects. Identify improvement opportunities on workflows, procedures & systems to better manage controls & overall client experience.
• First point of contact for DIFC staff for all BAU Business Management (BM) activities and partner with Front Office Supervision (FOS) locally to ensure FO activities are fully aligned with Nomura’s Risk & Control framework on key risk areas like Investment Suitability & Cross Border.
• Have an ‘eye’ on the RM, CSO conduct – Ensure Risk matters and KRIs are attended to promptly by RM/ Group Head/CSO. Flag and manage reputational risks and conflicts issues
• Partner with DIFC CAO in daily Branch Management activities and be the deputy for key approvals- travel requests, vendor payments, G&E & other BM approvals related to client accounts.
• Actively engage with FO, DIFC CAO, FOS, Local compliance and other stakeholders during regulatory reviews & closure of action points if any.
• Work closely with finance and compliance teams to ensure timely and accurate submission of all periodic DFSA reports.

Requirements

• At least 10+ years of relevant experience within Private Banking in the Middle East
• Good understanding in Wealth Management products and relevant regulations
• Experience and familiarity with regulations in the Middle East – DIFC/DFSA related.
• Ability to multi-task and prioritize effectively, delivering to strict deadlines
• Strong analytical skills and able to manage multiple tasks and projects at the same time
• Pro-active and independent; with good business acumen
• Good Stakeholder Management skills including ability to liaise with all levels, explain potentially complex ideas and present findings to senior management.

Employment Type (Permanent/ Contract- If contract, please state duration of contract):

Permanent

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