Job Title: COM-Central Compliance

Job Code: 9454

Country: IN

City: Mumbai

Skill Category: Compliance

Description:

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

Nomura Services India, (Powai) supports Nomura’s businesses around the world. Powai’ s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura’s global operations and are an integral part of Nomura’s global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura’s global business.

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 Unit Overview:

The Nomura Services India Pvt. Ltd (NSIPL) Compliance division is responsible to manage & govern Compliance Risk framework along with managing the Conduct office for Powai region. This team works closely with all divisions towards driving a culture of Compliance & Conduct. NSIPL Compliance also provides offshore support to compliance functions across other regions such as EMEA, AEJ, Japan & Americas.

Powai Compliance Testing execution Team works closely with regional teams to implement & carry out control testing on various compliance themes. This is done as per practices & principles under the Nomura Global Minimum standards of Compliance Testing.

Position Specifications

Corporate Title	Manager/AVP
Experience	10 – 12 Years
Qualification	Graduate / post-graduate

Role & Responsibilities:

Compliance Testing Specialist is responsible for evaluation & monitoring internal controls, policies & procedures to ensure the organization adheres to applicable regulatory and compliance requirements. This role involves conducting Compliance assessments, identifying risks and recommending corrective actions to mitigate potential violations. The role is a part of 2nd line control testing for respective regions such as EMEA, Americas, AEJ, Japan, Powai.

Key responsibilities include:

Compliance Testing & Monitoring:
- Conduct periodic risk-based control testing and reviews across various business areas & regions
- Evaluate policies, procedures & transactions, reports etc. by employing strong investigative techniques such as in-depth interviewing, inspection, observation and analysis to assess compliance key compliance risks, regulatory requirements, internal Compliance policies and effectiveness of key controls
- Identify gaps & recommend corrective actions to improve overall levels of compliance

Reporting & Documentation:
- Prepare detailed reports on testing results, findings, and recommendations
- Maintain comprehensive documentation of compliance testing activities including approach of testing, evidence gathering etc. to further back the findings & exceptions that get reported
- Develop & document recommendations for actions to be taken by business towards mitigation of compliance risks
- Present findings to senior management & relevant compliance teams
- Track open issues & follow up for closure. This includes preparing appropriate management information

Process Improvement:
- Stay updated on relevant laws, regulations & industry standards
- Work with stakeholders towards enhancing compliance practices
- Collaborate with internal teams to improve control frameworks

Mind Set:

Mandatory

Desired

Domain / Technical

10 – 12 years of demonstrated experience in a Compliance and / or Control and / or Line of Defence (LoD) function, audit, risk management or related field preferably in the financial services industry
Should have worked extensively on control testing and monitoring
Strong knowledge of the Business Operational Risk Management Framework, Risk & Control Self-Assessment or Compliance Risk Assessment
Proficiency in compliance testing methodologies & tools
Strong communication & report-writing abilities
Excellent analytical and problem-solving skills
Good working knowledge of financial products and services
Ability to work with multiple teams as well as to take independent ownership of assignments as a when required
Minimum education requirement – bachelor’s degree preferably in finance & business
Excellent communication and influencing skills, with a good understanding of Compliance and Regulatory requirements
Good understanding of the Investment Banking business and the Financial Services regulatory environment
Proven project management would be an added advantage

Knowledge and understanding of Data Analytics tools and technologies

Interpersonal

Strong interpersonal and administrative skills, mature judgement, and high ethical standards
Pro-active, with a mind set to drive efficiency

Ability to identify issues and knowing when to escalate
Self-starter, with an ability to multi-task
Critical thinking, Conflict Management

Nomura Core Competencies:

Competencies	Behavioral Indicators
Culture & Conduct Building Nomura’s Culture Diversity & Inclusion Professional Integrity Self-Awareness	Contributes to desired culture Sets positive example Aware of different values/styles Holds high standards of behaviour Aware of own strengths/weaknesses
Client-Centricity & Business Acumen Commerciality Client-Centricity Analytical Thinking & Problem Solving	Understands current market Anticipates client needs Pays attention to detail Sees problems, recommends solutions
Strategy & Innovation Strategic Thinking & Change Decision Making & Judgment Agility	Balances alternative views Knows when to decide/when to escalate Champions new ideas Is both disciplined and entrepreneurial Sees when to escalate
Leadership & Collaboration Managing Talent Recognizing and Motivating Supporting, Developing & Collaborating with others Managing Conflict	Thinks differently Balances alternative views Knows when/how to compromise Learns from experience Seeks to develop
Communication & Connectivity Articulation & Receptiveness Impact Connectivity	Assists in recruiting Gives credit Builds productive working relationships Provides constructive, timely and specific feedback
Communication & Influence Articulation and Receptiveness Impact Connectivity	Adjusts style to suit topic Balances listening/talking Communicates with clarity and consideration Is a proven and credible resource Questions to understand others’ views Builds internal contact network Willingly effectively works across teams
Execution & Delivery Driving Performance Execution-Focus Planning & Organizing Adaptability	Demonstrates accountability/commitment Takes on challenging assignments Executes priority actions on-time Keeps stakeholders updated Manages expectations Persists when confronted with resistance

Equal Opportunity Employer:

Nomura is an equal opportunities employer. We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career’s responsibilities, sexual orientation, gender identity, race, color, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.