Job Title:  NEHS Business Resilience - Third Party Risk Management (Vice President)

JOB DESCRIPTION

Job title: NEHS Business Resilience – Third Party Risk Management            

Corporate Title: Vice President

Department: Business Resilience

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 

The Business Resilience (BRES) Third Party Risk Management (TPRM) function provides the regulatory and internally driven framework for the risk assessment and monitoring of third-party risks. This allows Nomura to meet its Regulatory obligations. Third party relationships including inter-company arrangements are in scope, with the Group TPRM framework continuing to develop in response to internal and external regulatory requirements. Regulatory focus currently being in areas such as Operational Resilience and concepts such as Material Third Parties, Important Business Services and Critical Important Functions.

This teams role and responsibility within the BRES function is performing the 2nd Line of Defence function for Third Party Risk. The BRES function also has 2nd Line responsibilities for Resilience.

As part of the 2nd Line of Defense function, the team is responsible for the governance and oversight of the Third-Party Risk Management framework. The function works in close collaboration with all departments to ensure sound risk management.

The operational role will involve the interaction across divisions and regions / entities including Departmental Management, Risk SMEs and Technologists. Understanding of the organisation and being able to summarise / prepare senior management reporting and distil pertinent management information and articulate points concerning risks and status will be core to the role

UK and EU regulatory understanding with respect to TPRM is required to ensure that the entities regulatory requirements are met for services that are directly engaged by the entity or benefit / support them via Group Service Agreements (intragroup or via a Supply Chain to a Third Party), or where booking is being made into entities.

Overview:

Key objectives critical to success:

Management Reporting

1. Presentation skills and the use of the Microsoft application suite.
   1. Dashboard and management reporting.
2. Report writing
   1. Ability to take information from disparate sources, ask follow on questions, manage and populate reports
3. The role will require analysis and quality assurance skills. Being able to define and apply a structured approach to record keeping, investigations and articulating requirements is required.

Risk, Regulation, Policy and Framework

1. The role is primarily focused on the management reporting, escalations, risk management and regulatory compliance drivers. The candidate should be able to consider and interpret such regulatory texts and have experience within financial services in order to consider the implications of risks or rationales being provided on state.

Communication skills and engagement

1. Hold meetings / calls were required to progress objectives, including appropriate record keeping.
   1. Being articulate with stakeholders.
   2. Reporting on progress and any requirements for escalation as required.

Skills, experience, qualifications and knowledge required:

4. Third Party Risk Management / Operational Resilience

1. Having experience in a risk management, controls or governance environment is advantageous. Ideally having direct experience relating to Third Parties / Vendor engagements, and Resilience.
2. Ability to understand concepts and objectives within the Third Party Risk Domain. Then hold / facilitate discussions with participants, stakeholders and SMEs on such topic.
3. Engage and provide guidance as appropriate to allow the progress of their respective tasks to progress.

2nd line oversight activities and skills

1. Ability to support the function in 2nd Line activities where required to supplement and support project or operational requirements.

1. • Develop and produce reports for management on third party risk using MS-Office.
   • Engage in strategic projects of the department, including owning and delivering on deliverables.
   • 2LoD review and challenge 1st Line of Defense engaging and third-party related controls / participation and related content.
   • 2LoD review and challenge of Risk SME due diligence and service finding risks for Third Party service providers to ensure internal standards, processes and policies are met.
   • Further develop and implement policies and procedures to manage third party risks and associated business resilience.
   • Intragroup engagement to ensure regional regulatory requirements are met, and that best practices are followed in the group, particularly where the region / entities being supported benefit from intragroup services.
   • Continued development of SME knowledge with respect to Third Party Risk regulations and internal processes. Including the understanding and ability to use Nomura platforms, articulate processes, consider and propose strategic improvements and process changes.

General skills and aptitudes.

2. • Experience in the banking sector; and / or
   • Experience in non-financial risk management / 2nd Line of Defense.
   • Willingness to learn and hands-on attitude.
   • Capability to solve and communicate complex tasks on a senior management level.
   • Analytical and solution-oriented mind-set with attention to detail, combined with strategic thinking.

Nomura competencies

Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or make appropriate recommendations.

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

• Respect DEI, foster a culture of psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
  
  

Right to Work
The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex 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.

Nomura is an Equal Opportunity Employer