Job Title:  Associate

Nomura Overview:

Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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.

Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations across four international regions.

At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.

Divisional Overview:

 Powai LCC broadly covers the areas of Legal, Compliance and Conduct, and is responsible for building a robust risk and control framework. The Powai LCC teams support Nomura Powai entities, as well as LCC teams globally to ensure effective risk management of Legal, Compliance and Conduct related risks for the firm. Powai Legal comprises of the Corporate Legal and Transaction Legal functions, which provide advice and support on corporate, employment and transactional matters. The Offshore Legal team supports global teams on corporate and secretarial matters, Global Markets, and Masters documentation related requirements. Powai Compliance comprises of functions such as Core Compliance, Trade Surveillance, Electronic Communication Surveillance, Financial Crime Monitoring, Control Room & Disclosure Monitoring and Employee Compliance. The teams provide advisory, and operations support to global / regional Compliance teams driven by global / regional policies and regulatory expectations.

Business Overview:

Chief Administrative Office (CAO)/ Chief Operating Office (COO) team is an independent function responsible for driving LCC strategic agenda, control and governance, digital Innovation and automation and topical projects for the global LCC organization. Model Risk Function within the LCC CAO team will work very closely with The Model Risk Management (MRM) team, which is globally responsible for independently validating the integrity and comprehensiveness of all risk models in the firm. The newly established Compliance Model Validation function within MRM will be globally responsible for independently validating the integrity and comprehensiveness of Compliance Models across the firm, with particular focus on Anti-Money Laundering (AML) and Surveillance models. The team will also be developing measures of Model Risk specific to compliance applications, monitoring Model Risk vs. the firm's Compliance Model Risk Appetite and escalates model approval breaches

What We Offer:

• We support employee wellbeing by ensuring a sense of purpose and belonging.
• We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
• Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.

Position Specifications:

Role & Responsibilities:

• Validate compliance monitoring models and algorithms using Python, R, and SQL
• Perform comprehensive testing and evaluation to ensure compliance

• Configure and optimize surveillance platforms 
• Investigate alerts generated by surveillance systems and conduct detailed analysis

• Ensure surveillance models and processes comply with relevant regulations
• Prepare detailed reports and documentation for internal stakeholders and regulatory purposes

• Leverage machine learning, natural language processing, and large language models to enhance detection capabilities and analyze unstructured data sources
• Develop pattern recognition algorithms to identify compliance issues

• Translate complex technical findings into clear and actionable insights
• Collaborating with cross-functional teams

• Conduct regular model performance reviews

Mind Set:

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.

*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time