Job Title:  RSK-Model Validation Group

JOB DESCRIPTION

Job title: Model Risk Governance Associate                          

Corporate Title:           Associate

Department: Model Risk Governance             

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:

Within Nomura’s Risk Management, Model Risk Management is responsible for the execution and maintenance of the Firm’s Model Risk management framework. The team takes a Global approach, with all members equally contributing to projects. The team has a presence in Tokyo, London, Powai, Singapore, Hong Kong, and New York.

Model Risk Management comprises Model Validation Teams and the Model Governance Team.

The Model Governance Team is responsible for the Model Risk Framework, Model Risk Inventory and Reporting.   It oversees the technology supporting the function, development and distribution of risk and performance indicators, regulatory communications, cross-functional initiatives, development of policies and procedures, and reporting.   

Model Validation Teams validate the integrity and comprehensiveness of Risk, Valuation, Algorithmic Trading, and Finance Models.

Key objectives critical to success:

• Support with Model Risk training module development and roll out across all regions
• Close alignment and support with EMEA Risk COO on implementing SMF SoR changes / Board Training and awareness sessions
• In coordination with Model Risk SME development of Model Risk MI enhancements and reporting to regional and global risk committees
• Supporting with development of 1st line policies and procedures (as required)
• Helping to establish accountable owners in each function with a supporting operating model
• Prepare materials for various for a such as Model Risk Governance committee(s)
• On-hand support to provide 1st line with responses to questions concerning Model Risk framework enhancements and expectations
• Provide comms support and ad-hoc training in relation to NORMA / Model inventory enhancements
• Definition and roll out of model risk guidance in relation to (1) model performance monitoring; (2) model adjustments (pre and post); amongst other items

Skills, experience, qualifications and knowledge required:

Essential

• Experience with and excellent writing skills, and slide creation skills would be a must (essential)
• Experience in designing and producing training material, or guidance documents for senior stakeholders up to board level (essential)
• Ability to work independently, with little guidance, whilst absorbing new material at fast pace
• Ability to manipulate data to convert into charts and presentations

Desirable

• Exposure to model validation activities eg testing experience (not mandatory but desirable)
• Ideally someone who has worked in model risk before, but would also consider someone who has worked in another risk type on change programs
• Ideally someone with exposure to audit / regulatory change work

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
   

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.