Job Title:  EMEA Global Markets Control Office, Vice President

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:                      EMEA Global Markets Control Office

Corporate Title:           Vice President

Department:                 Global Markets

Location:                      London

Department Overview

This trading floor based group is the face of Conduct, Risk and Control for Global Markets; with the aim to support GM Management in proactively managing our operational and conduct risk, and to own, embed and evolve the Supervision framework.

The 3 core pillars are summarised as:

Framework

Own, develop and maintain the tools and processes to allow Supervisors to perform their supervisory tasks.

Risk Identification and Escalation

Use a range of tools and data to identify and escalate key areas of operational and conduct risk, and keep GM management informed.

Conduct & Control Enhancement

Take actions to improve controls and conduct in GM.

The role also has the responsibility as an EUC Departmental and requires engagement with Audit on issue management for Global Markets

Role description

Framework

1. Take overall responsibility for developing, embedding and evolving a Front Office Supervision framework which meets minimum regulatory requirements.
2. Own the key tools (reporting, attestation processes, hierarchy, meetings and key governance) comprising the Supervision Framework.
3. Own and maintain all relevant Procedures, Standards and Handbooks in order to clearly set out the Supervision Framework requirements.
4. Communicate requirements to Supervisors, maintain awareness and carry out training of all GM staff on the Supervision Framework.
5. Monitor effectiveness of Supervision through key measures and challenge Supervisors’ use of the Framework.
6. Input to relevant governance forums.
7. Coordinate the relevant functions to provide required tools and data.
8. Develop the Supervision framework to consider relevant conduct risks.
9. Communicate the Supervision framework to relevant regulators and inform them of developments as appropriate.
10. Share Supervision Framework tools with other Divisions as required.

Risk Identification & Escalation 

1. Maintain relationships and visibility across desks and with senior management and key Corporate stakeholders.
2. Use the Supervision Framework tools and processes to analyse key information (KRIs, risks, events, Supervision performance, breaches, conduct and culture), establish patterns and areas of higher risk / required action.
3. Support desks and senior management in resolving and managing emerging risks and potential thematic issues.
4. Carry out investigations into new events or emerging issues as required.
5. Carry out thematic reviews and make recommendations to address key risks and control weaknesses.
6. Provide information to executive and senior committees as required.
7. Attend Supervision / KRI meetings.
8. Identify required additions or changes to Risk and Control Self Assessments.
9. Report on the outputs of the Supervision framework to senior management.
10. Where relevant, carry out limited surveillance and escalate identified issues.
11. For certain Supervisors, carry out first level review of Supervision data and escalate to relevant Supervisors
12. Meet regularly with key GM Management and present key themes and events.

Conduct and Control Enhancements

1. Review and challenge the outputs of Audits and regulatory reviews of Global Markets. Own coordination of remediation plans, and remediation actions, as necessary.
2. Manage down the number of past due Audit issues for Global Markets and coordinate the process for issue updates.
3. Where relevant manage down the number of past due RCSA and Operational Risk Event actions for Global Markets.
4. Act as a representative of Global Markets for discussions regarding the risk profile.
5. Identify the need for new Controls, Standards or Procedures, and develop and own relevant, where relevant, for Global Markets.
6. Represent Global Markets in inputting to other Division owned policies and procedures where relevant.
7. Own / participate in relevant projects in Global Markets with the aim of enhancing conduct and control in Global Markets.
8. Carry out training as required to promote appropriate conduct in Global Markets.
9. Where relevant input to conduct outcomes following events / investigations.

Skills, experience and competencies required

• In-depth knowledge of a range of products
• Track record in either a front-facing Risk Management or other relevant discipline; ideally this would involve direct and regular engagement with Global Markets
• Excellent communication and influencing skills
• Demonstrates high professional integrity
• Actively leverages strengths and addresses weaknesses (of self and team)
• Acts commercially to increase efficiency
• Champions business practice change for client impact
• Identifies and articulates core issues; develops workable recommendations
• Takes accountability for driving clarity in ambiguity
• Makes decisions considering interests of relevant stakeholders
• Recognises and takes action when changing circumstances require new approaches
• Collaborates within and across teams, involving the right people
• Manages and resolves conflict where multiple positions exist
• Successfully sequences and delivers key messages
• Moves negotiations / discussions forward; gains support / acceptance for ideas at all levels
• Proactively works across teams / functions
• Keeps self / others focussed on meeting goals
• Identifies conflicting priorities and manages accordingly
• Maintains commitment in the face of challenges
• Experience dealing with Audit issue remediation, and navigation of the Risk and Control Self-Assessment process are ideal

Nomura 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