Job Title:  Head of Regulatory Reporting, Americas

Corporate Title: Executive Director

Department:     Global Operations

Location: New York

The pay range for this position at commencement of employment is expected to be between $220K and $260K/year*

Company overview

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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.

Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors

Department overview:

The Global Operations Department is responsible for critical pre and post trade processes that help our global sales & trading and investment banking businesses transact in financial products and meet client needs around the world. In Nomura, Operations is made up of 5 key groups:

• Risk & Control – This group is responsible for Regulatory Reporting, Reconciliations, Client Assets and Operational Risk
• Shared Services - Scope of services include Clearing & Settlement, New Issuance, ISDA Confirmations, Corporate Actions, Asset Servicing, Listed Derivatives, Cash Management and maintain our Agent Banking Relationship (Network Management).
• Client Services - The Client Services Group comprises of the following functions: Client On-boarding, KYC, Client Entity Data, Client Regulatory Support, Sales Support & Client Valuations.
• Strategy, Analytics and Business Re-Engineering – This team helps manage the Operations transformation portfolio and Business Intelligence & Analytics function.
• Business Aligned – This team comprises of the local Operations teams supporting Nomura Branches in Europe, Middle East and Africa (EMEA) and Asia and the Wealth Management Division in Asia ex-Japan (AEJ).

The Global Operations teams are based in the New York, London, Tokyo, Hong Kong Singapore and the global capability centre in Mumbai, India. There are also small satellite teams based in some AEJ and EMEA Branch locations.

The Global Regulatory Reporting team oversees our Trade and Transaction Reporting processes in all jurisdictions where Nomura conducts business. This includes our transaction reporting obligations under MiFIR, derivative/SFT reporting under major G20 regimes like EMIR, CFTC, SEC, CAD, SFTR, JFSA, ASIC, MAS HKMA, as well as central bank and local reporting obligations. Regulatory Operations teams are based in New York, London, Hong Kong, Singapore, Tokyo and our offshore hub in Mumbai.

Role description:

We are looking for a senior Regulatory Reporting expert to lead our Global Trade and Transaction Reporting team in the Americas. This role is based in New York and will report to the Global Head of Regulatory Reporting.

The key responsibilities of this position will be as follows:

• Lead and oversee all aspects of trade and transaction reporting operations for U.S. markets, ensuring compliance with regulatory requirements including SD/SBSD reporting under Title VII of the Dodd-Frank Act, Canadian Trade Reporting, Qualified Financial Contracts (QFC), SEC Rule 613 (Consolidated Audit Trail), OFR (Office of Financial Research) Reporting, Large Option Position Reporting and other trade reporting regimes.
• Ensure completeness, accuracy and timeliness of reporting to relevant Trade Repositories (TRs)
• Manage and resolve reporting breaks, rejections, and regulatory inquiries
• Develop and maintain reporting controls and monitoring frameworks
• Perform selective deep dive on reporting performance to inform remediation plans and resource prioritization decisions.
• Coordinate cross functionally to drive targeted remediation of complex reporting issues.
• Conduct targeted risk assessments and process reviews along with the Operational Risk & Control team to identify improvement opportunities.
• Work closely with BAU onshore and offshore teams to improve existing processes and controls.
• Lead impact assessment of new regulatory requirements and implement necessary changes
• Coordinate with Technology, Operations, and Business teams to ensure reporting accuracy
• Manage relationships with regulators, trade repositories, and industry utilities
• Build and maintain ongoing dialogue with key stakeholders to understand and align on strategy.
• Manage the local US Regulatory Reporting team.

Skills, experience, qualifications and knowledge required:

• Bachelor's degree in Finance, Business, or related field
• 10+ years of experience in trade reporting within financial services
• 5+ years of management experience leading trade reporting teams
• Deep understanding of U.S. market structure and reporting requirements
• Strong knowledge of financial products across asset classes
• Experience with trade reporting systems and platforms (DTCC, vendor platforms like Report Hub/KOR etc.)
• Proven track record of managing regulatory change projects
• Experience in other Operations functions like Middle Office will be a very big advantage.
• Good hands-on knowledge of reporting rules and technical specs in key jurisdictions like CFTC, SEC, CAD etc.
• Experience with Quality Assurance tools like Kaizen Reporting or similar.
• Experience with the DMO notification and remediation process (CFTC/CAD)
• Hands on experience of fixing reporting issues – investigating root causes, writing technical requirements/JIRAs and testing.
• Experience in recent regulatory Refits and Rewrites in a line role
• Prior experience with remediation programs in other banks – data quality, data model, rules interpretation and traceability, controls
• Prior experience of improving completeness, accuracy and timeliness of reporting
• Intellectually curious
• Very strong desire to challenge the status quo
• Confident, ‘can do’ attitude no matter the odds
• Independent, self-starter, can work with limited information
• Team Player
• Good presentation skills – prior experience preparing power point decks, MIS etc.
• Able to modulate communication style to suit senior audience
• Familiarity with digital tools like Power BI

Nomura Leadership Behaviors 

Explore Insights & Vision 

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future. 

Making Strategic Decisions 

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations. 

Inspire Entrepreneurship in People 

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity. 

Elevate Organizational Capability 

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.  

Inclusion  

• Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect). 

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.

Nomura is an Equal Opportunity Employer