Job Title:  NFPE Regulatory Operations Team 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

Nomura Financial Products Europe GmbH (NFPE) is the Brexit entity of Nomura, headquartered in Frankfurt/Germany. NFPE offers the full range of Nomura products and services to clients based in Europe.

Department overview:

The NFPE Operations team was established in 2017 and forms part of the wider EMEA Wholesale Operations group. The division is based primarily in Frankfurt with teams also located in several other European locations. 

The primary role of NFPE Operations group is to ensure that on a daily basis, there is full oversight of all operational activity being carried out in the entity. This is particularly important as the majority of operational processing for NFPE is outsourced and carried out by the NIP Operations teams in London and Powai, India

NFPE Operations consists of two teams, NFPE Market Operations and NFPE Regulatory Operations, both teams come under the remit of the Head of NFPE Operations

NFPE Regulatory Operations are responsible for the governance, oversight and management of regulatory operational processes within NFPE

The team also ensures compliance to regulatory standards and internal controls, which includes Regulatory Reporting, Client Assets, KYC (Know your Client), Tax Operations and Operational Risk and Control.

The Regulatory Operations team are also responsible for several transactional or statistical reporting processes that are mandated across the various products and jurisdictional areas that NFPE trade

Tasks

As a Vice President and a senior member of the Regulatory Operations team you will be responsible for the following:

• First point of contact for the BAFIn and Bundesbank for all of NFPE’s regulatory reporting: You will be frequently contacted by both and will be required to manage both the relationship and deliverables from each institution. This includes mandatory audits as well as ad-hoc transaction specific queries
• Review and day to day management of KRI and KPI’s received from NFPE’s service provider; Nomura International PLC (NIP), to ensure that all regulatory reporting obligations have been fulfilled, manage any deficiencies in service levels and ensure that issues are escalated appropriately
• Build a strong and collaborative working relationship with the London based Regulatory Operations team by becoming a key member of their day to day management team
• Manage a diverse set of deliverables assigned to the team or yourself by NFPE management. Given the size of the team these can be wide ranging and a will expose you to a broad set of issues and projects
• Liaison with NFPE and NIP compliance departments to ensure that regulatory change is horizon scanned and any impacting change is highlighted and managed across the team appropriately
• Act as the Deputy outsourcing officer for the department and thus ensure that the weekly and monthly outsourcing deliverables are met by the department  
• Support  the NFPE Operations management team in producing RCSA’s, Risk Assessments and any other NFPE specific risk documentation tasks

Key objectives critical to success:

• A quick learner with the ability to translate, understand and digest technical knowledge pertaining to the regulatory landscape under the BaFin
• Understanding of the current regulatory environment and regulatory pipeline, ability to assess the impact of upcoming regulatory change on BAU processes
• Ability to understand Operational booking flows and how to translate or explain these across other corporate functions
• Ability to grow and utilize a network across large institutions. This is key given the level of outsourcing of process to NIP and the requirement to work across regions and Nomura entities

Skills, experience, qualifications and knowledge required:

• As the role is based in Frankfurt and requires liaison with regulators, fluency in German and English is essential
• Previous experience working within an internationally focused global investment bank, ideally within an Operations or Middle Office division
• Basic working knowledge of the key transaction reporting regimes in Europe
• Basic understanding or awareness of German AWV reporting would be highly desirable
• Excellent communication skills across all levels - able to build relationships and have the confidence to challenge
• Basic understanding of front to back trade lifecycle and related controls
• Broad knowledge of financial instruments, especially fixed income derivatives and the operational considerations of each one
• Ability to build and understand process flows in order to assess controls and identify risk points
• Analytical skills and the ability to turn data into information

Nomura Core Competencies

Trusted Partner

• Understand clients’ needs and issues, and respond with high-quality proposals
• Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner

Entrepreneurial leadership 

• Produce new ideas that might challenge the status-quo or oneself

Teamwork 

Collaboration

• Seek advice from senior colleagues and utilize it for improved results
• Collaborate with members from relevant departments

Influence

• Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
• Serve as role model and provide guidance to junior employees

Integrity 

• Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly
  
  

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