Job Title:  Liquidity Risk RRP Specialist- Associate

Job Code:  6431
Country:  GB
City:  London
Skill Category:  Finance
Description: 

Job title:                Liquidity Risk RRP Specialist- Associate     
Corporate Title:    Associate
Department:         EMEA Treasury    
Location:              London

 

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 

 

Department overview:
Treasury is an established function within the Finance division at Nomura. The department has regional teams in Japan, EMEA, AEJ and the US. In addition, Treasury has a team in Mumbai that provides management information and analytical support for the Global team.
Treasury operates across the three divisions of the Firm (Wholesale, Retail Brokerage and Asset Management) with responsibility for all aspects of unsecured funding and to manage liquidity and funding in accordance with board-mandated stress tests and in compliance with regulatory liquidity requirements. 
The department in EMEA is organised into the below functions with strong global orientation & collaboration:
Treasury Liquidity Management (LM): Comprises three key sub-areas:
1)    Liquidity Risk Policy: 
•    Primary interface with Global Treasury, NEHS ALCO, NEHS BRC, NEHS Board, PRA and European supervisors with respect to any aspect of liquidity risk management across the region, individual entities or NEHS Group
•    In coordination with the Global LM team, develop new and review existing internal liquidity risk stress testing across the business and financing activities of EMEA region and entities and NEHS Group globally
•    Lead the regulatory engagement on liquidity matters and own the NEHS ILAAP
•    Act as SME on liquidity matters for Trading Wind Down and Recovery and Resolution Planning from Treasury perspective
•    Provide oversight of the Powai (Mumbai) reporting team, in the production of internal stress tests in line with Global policy
2)    Data and Reporting
•    Implement new regulations and associated system and process developments in partnership with Liquidity Risk Policy, EMEA Finance Policy Group (FPG) & EMEA Finance Change
•    Lead engagement with the Regulator (PRA) on Regulatory Liquidity Reporting matters 
•    Maintain an adequate control and governance framework to ensure Completeness, Accuracy and Timeliness of Regulatory Reports 
•    Contribute on matters of interpretation and judgement around Regulatory Liquidity rules for UK and EU entities in partnership with Liquidity Risk Policy & EMEA FPG
•    Monitoring and resolving production issues and prioritisation of strategic IT solutions 


3)    Reporting Analytics and Compliance (RAC)
•    Provide transparency in business drivers of liquidity metrics; trending, predicting and informing on risk and issues 
•    Undertake medium term liquidity planning and forecasting, identifying the core liquidity requirements for the legal entity 
•    Oversight and control of business Unsecured Funding limit usage throughout all stages of budgeting, forecasting, ensuring adequate sources of funding to meet on-going business demand and contingent needs
•    Validation and explanation of Regulatory and Internal Liquidity Risk metrics, including cross metrics differences
•    Calibrate and controlling usage of risk appetite and management buffers in line with Liquidity Risk Limit Standard
Treasury Funding Desk:
•    Management of the Liquidity Portfolio in-line with internal policy and regulatory guidelines
•    Management of currency requirements (both business and legal entity) through Intercompany borrowing and FX swaps
•    Raising funding via the International structured note issuance programme and ECP issuance in line with the approved funding plan and limits
Identification and realisation of funding efficiencies and risk mitigating opportunities, including close cooperation with the local capital and collateral teams.


Role description:
The individual will be member of the EMEA Treasury Liquidity Management – Liquidity Risk Policy team, supporting the development/on-going compliance of the firm’s Recovery and Resolution Planning (RRP) and Trading Wind Down (TWD) from Treasury perspective. The RRP and TWD framework are developed/enhanced within EMEA however will be leveraged globally. The firm is subject to the EBA and PRA liquidity regulations locally, operating globally under JFSA standards.


Key objectives critical to success:
    Support reviews of the recovery and resolution planning requirements impacting Treasury/Liquidity (e.g. Funding in Resolution, Template E of PRA Trading Wind Down)
    Develop and maintain liquidity management models ensuring that risk relevant to the RRP and TWD scenario is recognized, measured and managed across the firm on a sustainable basis, including application of quantitative and qualitative techniques
    Document model assumptions and work with Model Validation Group (MVG) to get the models validated including periodic review of assumptions
    Collaborate with other teams within Finance (e.g. Prudential Planning, Capital team), Wholesale (e.g. BRM, Rates) and Risk (e.g. Stress Testing Group) to deliver and continuously comply with the TWD and RRP requirements
    Involvement in strategic IT development and UAT on model implementation and policy changes 
    Support annual regulatory deliverables including ILAAP, Recovery Plan, Funding in Resolution Playbook

Skills, experience, qualifications and knowledge required:
Essential
    Bachelor’s degree
    Professional qualification in a relevant financial field or strong depth of experience in the financial services industry within a Treasury/liquidity team
    Investment banking product knowledge (ideally familiarity on Secured Financing transactions, Unsecured & Derivatives) 
    Knowledge of the EBA/PRA regulatory liquidity framework
    Control mindset & strong analytical/ numerical skills
    Good IT Literacy (strong Excel/ Data Analysis skillset and ideally familiarity with Alteryx)
    Impactful personality with strong interpersonal skills and fluency in written and spoken English  

Desirable
    Knowledge of liquidity best practices on Recovery Plan, Funding in Resolution, and/or Trading Wind-Down
    Results focused on a pressurised environment with tight deadlines
    Ability to work independently and influence all levels of seniority within Finance and the Wholesale division

 

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. If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.


Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.
Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment.  A member of staff will be happy to help.