Job Title:  Recovery Resolution Planning Associate

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 Prudential Planning team is responsible for delivering key Recovery and Resolution Planning (RRP) and capital planning initiatives for Nomura European Holdings (NEHS, the European consolidation group), primarily driven by UK and European regulatory requirements. The team ensures NEHS is adequately capitalised at all times in addition to identifying any threats to the viability of the firm and helps management identify appropriate actions. The team also supports and facilitates the crisis management framework of the firm. The team structure is lean and collaborative, sitting within the Finance department in EMEA. The team spearheads the following:

• Internal Capital Adequacy Assessment Process (ICAAP)
• Contingency Funding Planning
• Recovery & Resolution Planning (including the Resolvability Assessment Framework (RAF))
• Trading activity Wind-down (TWD) Planning

With the recent crisis events in the industry alongside increasing regulatory and hence senior management focus, the Prudential Planning department is an exciting space with many upcoming initiatives and areas for development.

The individual will play a key role in supporting the development, maintenance, and testing of the bank’s Recovery and Resolution planning. The position involves working closely with senior leaders and cross-functional teams to ensure the bank’s strategies and processes are in line with regulatory requirements, helping the bank prepare doe and respond to financial distress scenarios, ensuring business continuity and mitigating risks to financial stability. In addition, the team members are key SMEs for overall RRP across Nomura Group globally and hence contribute to the development of the nascent Group RRP framework. This is a great opportunity for the right individual to provide valuable input with senior stakeholder exposure.

Key objectives critical to success:

An exciting opportunity for an individual to support the following initiatives:

• Recovery Planning support: Assist to lead the creation and maintenance of the bank’s recovery plan, which outlines strategies for recovery in distress. This includes identifying critical business lines, mapping interdependencies, and proposing actions in recovery in various crisis scenarios.  
• Resolution Planning: Support the development of the bank’s capabilities with respect to the Resolvability Assessment Framework which ensures that in the event of failure the bank can be wound down in an orderly manner with systematic disruption.
• Regulatory Compliance: Monitor and interpret regulatory changes related to recovery and resolution planning, ensuring the bank remains compliant with domestic and international regulation
• Scenario analysis and stress testing: Assist in conducting the impact assessment, including scenario analysis and stress testing to evaluate the effectiveness of recovery and resolutions strategies under various financial and operational stress scenarios
• Stakeholder Engagement: Prepare and update detailed procedures, frameworks and governance structures and plans. Deliver regular reports for senior management and coordinate with internal stakeholders to deliver a uniform message to Regulators. Work in close collaboration with Group to both provide guidance, influence the Group RRP framework and ensure alignment in RRP deliverables.
• Cross-functional collaborations: Work closely with departments such as Treasury, Risk Management, Legal, IT, Operations and Business Resilience to deliver effective planning crisis business framework. Promote awareness and understanding of roles and responsibilities of RRP, and deliver training when necessary
• Crisis Management Planning: Support efforts to refine the bank’s crisis management procedures including implementation and monitoring of capital and liquidity controls, e.g. Risk Appetite limits and Early Warning Indicators (EWIs).
• Innovation: Identify and Implement areas of improvements in the current and upcoming developments in the department.

Skills, experience, qualifications and knowledge required:

• Experience in risk management, regulatory consulting or related roles in financial services industry
• Experience in Crisis Management and Recovery and Resolution Planning is a plus
• Strong analytical skills, with an ability to interpret financial data and regulatory guidelines
• Excellent written and verbal communications skills, with the ability to convey complex concepts clearly to senior management and regulators
• A strong risk and controls mind-set with the confidence to provide challenge with the ability to manage multiple priorities and projects in a fast-paced environment
• Ability to operate in an environment with a high level of scrutiny and collaborate effectively with a wide range of internal/external stakeholders
• Ability to work independently with minimal oversight and as part of a team
• A proactive ‘can do’ attitude

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.

Nomura is an Equal Opportunity Employer