Job Title: Project Manager - Credit/Market Risk- 6 months contract
Job title: Project Manager – Credit/Market Risk- 6 months contract
Department: Chief Transformation Office
Job type: CWR (Contract – PAYE)
Location: One Angel Lane, 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 Chief Transformation Office (CTO) function is responsible for the delivery of change across the Nomura Group, working closely with the other Chief Corporate Officers in support of the business divisions to ensure we meet our regulatory and strategic long-term goals. Working in Risk transformation gives a great opportunity to understand Nomura Risk businesses, processes and domain. The International Change team partners with business and technology functions to support implementation of various risk solutions. Successful candidates will work closely with other global Risk Officers, Analysts, Risk middle office, Risk Technology, Global Risk Transformation teams and other business functions to deliver various regulatory and strategic risk initiatives.
The Risk Management Department at Nomura is broadly organised according to the main risk classes; Credit Risk Management, Market Risk Management, Model Risk and Portfolio Risk.
The Risk Management team works to provide a firm wide capital management framework, which takes into account the availability and cost of capital, its effective utilization within and across business lines and the overall capital adequacy of the firm. Risk Management's key activities include ensuring transparency and effectively managing market, credit, liquidity, concentration and tail risk within the risk appetite of the firm and monitoring the effectiveness of capital utilization through the use of limit structures, with an emphasis on stress testing and risk adjusted returns on capital efficiency measures.
Role description:
This is an exciting opportunity for a project manager within the International Change function to help deliver regulatory and strategic projects across Risk Management. The ideal candidate will be experienced in project management and have a good overall knowledge of risk management for a broker-dealer investment bank (Credit Risk & Market Risk knowledge highly desirable).The candidate would be supporting a key workstream to deliver across a number of risk initiatives.
• Agreeing project scope with senior stakeholders and managing the project scope throughout the project lifecycle
• Managing all resources that form part of the delivery team for the project(s), incorporating all resources and their activities into clearly stated defendable plan for the project(s). Assisting and mentoring team members to ensure delivery
• Clearly defining success criteria for each stage of the project and ensuring successful completion of all tasks within the project plan on time and within budget. The overall project will be measured by adherence to delivering against a set of pre-agreed KPIs
• Understanding and monitoring cross-project dependencies that may impact project delivery
• Ensuring delivery of projects is in accordance with Nomura's project management governance protocols and standards
• Effective stakeholder management relating to the project, ensuring through both day to day management, and in governance, that project status clearly articulated and timely in its delivery
• Timely reporting of project status, issues, risks to various management team and governance forum as appropriate. Including issue escalation and resolution with portfolio lead and senior management
• Good knowledge of the front to back risk business processes allowing for optimal requirements gathering and synergies between projects
• Good communication skills and knowledge of key Credit & Market Risk business processes to support presentation of complex topics to senior management
• Interprets the regulatory requirements in conjunction with various Credit & Market Risk stakeholders to manage scoping of business requirements and delivery
• Act as business gate keeper, control issues being raised to IT and work with the business to ensure issues are raised appropriately and are fully understood/agreed globally
• Works with BAs to assists IT teams with an understanding of requirements and functional requirements specification
• Good team player who would be required to work closely with the global business, IT, BAs, QA and development team throughout project lifecycle
Skills, experience, qualifications and knowledge required:
• Work experience ideally in Credit &/or Market Risk management as a Project manager
• Knowledge of key risk metrics (e.g. VaR, IRC, PE, EEPE) and other Market/Credit risk methodologies including Settlement Risk, DVP and Stress Loss
• Exposure to various Devop tools (e.g. Confluence, JIRA) to manage project deliverables
• Understanding of risk data flows and architecture including risk limits
• Ability to lead dedicated workstreams and manage multiple deliveries end to end concurrently
• Self-starter with excellent presentational, verbal and written communication skills with the ability to communicate at a range of levels within the organisation
• Prior experience in risk system implementations and involvement in regulatory projects
• Exposure to risk systems, data and processes involved in generating risk regulatory capital
• Strong attention to detail, accuracy and timeliness of delivery
• Experience in defining Testing approach, test plan and test co-ordination
• Proven experience facilitating the elicitation of requirements from end users and translating them to user, functional and non-functional requirements for Development Teams. Work with development teams (IT) to clarify that design meets requirements
• Detailed knowledge of all Microsoft Office products, i.e. Word, Excel, Project & Power Point
• Management of business analysis and project manager resources to deliver multiple projects/workstreams
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.
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Nomura is an Equal Opportunity Employer