Job Title:  Regulatory Reporting

Job Description for Operations – Regulatory Reporting - VP

Nomura 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 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.

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:

The Operations division provides the support and control infrastructure that enables the Firm to develop and deliver financial products throughout the world. Working with the Sales, Trading and Information Technology Divisions, Operations professionals are responsible for the management and execution of transactions in a manner which maximizes profitability and minimizes risk. Our division is responsible for the management and execution of millions of securities transactions on a daily basis. Our responsibilities include trade processing, confirmation, settlement, fails management, margin, asset servicing, risk management, reference data management and various other client services. In partnership with sales, trading, prime services, information technology and other teams from across the bank, we apply a continual focus on improving productivity and efficiency, while seeking new and innovative ways to support our clients' changing needs. 

Business Unit Overview:

Far reaching regulations like Dodd-Frank Act, European Markets Infrastructure Regulation (EMIR), MiFID 2 and Basel III which have emerged post credit crisis have made it mandatory for financial institutions to report trade related information on a near real time basis. The mandated trade repositories and transaction reporting are very important and will significantly affect the way the OTC derivatives market will operate in the future. These reforms are designed to improve transparency, mitigate systemic risk and protect against market abuse. 

Trade Repository Reporting is a global regulatory reporting requirement for Nomura. Operations for Global Trade Repository Reporting are being built out at Powai as a separate division within Operations Control. The Global Trade Repository (GTR) is DTCC’s cross-asset strategic solution for repository reporting – Credit,

Equities, Rates, FX and Commodities. Current EDRR and IRRR are deemed as tactical solutions, GTR as the strategic reporting mechanism

.

Position Specifications:

Role & Responsibilities:

• Responsible for the day-to-day activities of reporting and exception monitoring, one point contact for escalations.
• Understanding of Middle office / Settlements and Trade life cycle processes for the products covered
• Good understanding of IT infrastructure and Front office / Middle Office systems
• Manage system and IT implementation for functional area
• Extensive communication and liaising with the internal departments, Middle Offices and external counterparties
• Resolution of escalated issues and quick turnaround of urgent breaks and queries
• Participation for implementing process / firm wide initiatives and identify process improvements. Drive efficiency opportunities in the daily workflow
• Sound understanding of EMEA & US jurisdictions like ESMA, FCA, CFTC, SEC
• Understanding of risk within the process and ensure adequate controls are implemented to manage NACK’s, reconciliation breaks.
• Ensure escalation protocols are understood and strictly adhered.
• Participate in upcoming regulation changes, understand the impact to organization, gather requirement, prioritization, testing & implementation

Key Skills 

• Knowledge of assigned product/functional area and thorough understanding of the entire operations function
• Detailed operational and technical knowledge of a range of products, processes & systems
• Excellent communication skills – Verbal and Written 
• Time management and prioritization skills with the ability to handle high volumes
• Extremely good attention to details
• Excellent knowledge of MS Excel, Word and Powerpoint
• Good comprehension and assimilation skills
• Ability to deliver under tight and stressful situations
• An effective team player with excellent communication and people management skills
• Conceptual and analytical thinking - ability to resolve complex problems and issues 
• Controls and risk management mindset 

Key Accountabilities

• Direction and development of their supervisors, and the overseeing of performance management for the group.  
• Participation in Recruitment, Performance Management, Environmental projects. 
• Ability to initiate & implement controls and manage risk. 
• Ability to influence strategy.  
• Proactively maintaining effective working relationships with clients.  
• Anticipating delays in business situations and reallocates resources to meet deadline.
• Providing clear direction and leadership. Provide mentoring.
• Initiate & Chair meetings.  
• Demonstrate an understanding of firm financials/personal expense.
• Commitment to values and goals of firm must be demonstrated
• Process Optimization: Identify opportunities to streamline and standardize processes across the Reg ops. Drive initiatives to eliminate inefficiencies, reduce manual interventions, and enhance service quality through automation.
• Performance Monitoring: Establish and monitor key performance indicators (KPIs) and service level agreements (SLAs). Conduct regular performance reviews and implement corrective actions as needed.
• Technology Integration: Collaborate with technology teams to ensure that operational systems and platforms are aligned. Lead the evaluation, selection, and implementation of new technologies.
• Audit & Control: Work closely with internal audit, compliance, and risk management teams. Lead efforts to address any audit findings or control gaps and ensure that corrective actions are implemented effectively.
• Talent Development: Invest in the ongoing development of the Reg ops team, ensuring that they have access to training, mentorship, and career advancement opportunities. Build a strong pipeline of future leaders within the function.
• Benchmarking & Best Practices: Regularly benchmark the performance of the team through KPI’s. Use these insights to drive improvements in service delivery, operational efficiency, and risk management.

 Nomura Leadership Behaviours:

The firm is an equal opportunity employer, and we are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. The firm and its affiliates 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.