Nomura India | OPS-RC / Risk & Control

Responsibilities

• The Operations Risk & Control function is responsible for facilitating a sustainable governance framework to ensure controls are ‘fit for purpose’, operating as designed and are adaptable to the challenges brought in by various external events and regulatory changes.
• The team thus looks to facilitate identification of the firm’s risks by ensuring adequate controls are in place within Operations.
• Oversee control framework for Global Operations offshored to Powai, covering multiple Global.
• Steer Control Testing reviews within Operations and fold back observations from R&C BAU into the reviews.
• Drive a risk and control culture across Operations.
• Oversee the KRI (Key Risk Indicators) breaks and exceptions, as well as Appetite Metrics periodically to assess impact and ensure they remain within tolerance.
• Lead investigation and analysis of incidents / events, root cause analysis and propose strategic actions.
• Lead engagements concerning the control framework with Internal / External Auditors (audit related); oversee completion of such audits [from Operations’ standpoint] as well as SOX.
• Drive closure of audit findings, regulatory issues, and management action points, partnering with business functions to ensure complete and sustainable closures.
• Collaborate with cross divisional / regional counterparts on initiatives looking to enhance the control and governance framework for Operations.
• Ensure consistent understanding of relevant standards and guidelines applicable to.
• Organize materials for training, awareness, case study sessions on themes relevant to the current control environment to ensure uniform appreciation of existing risks and controls among the Operations teams.
• Ensure preparation of relevant updates for cross border forums, monthly meetings, etc., as required.
• Oversee regulatory compliance activities including but not limited to deliverables to regulators (via Compliance), regulatory incident analysis, etc.
• Leverage data analytics and AI to identify risk patterns, predict potential issues, and enhance monitoring capabilities.
• Lead discussions with cross divisional risk partners such as Wholesale Control Office, ORM, etc. on Aggregated Risk Profile Meetings, Risk Committees, Cross Border Governance.
• Forums, and other strategic decision-making bodies.
• Collaborate with Global Functional Risk and Control teams to ensure consistency in risk management approaches, methodologies, and reporting standards across all regions.
• Partner with other business functions like Technology, Front Office Supervision, ORM.
• Compliance on day-to-day issues as well as strategic outlook for risk management within.
• Manage the Risks and Control Self-Assessment (RCSA) process for Operations, challenge the appropriateness and completeness of the risk repositories with the functional managers (where required) and interface with ORM (Operational Risk Management) for addition of new risks / amendment of existing risks, etc.

Requirements

• Operations, preferably with a risk management background.
• Strategic mind-set with the ability to assess and analyze emerging risks for Operations as well as newer industry risks.
• Collaborative working style, with strong communication skills Is articulate and has good presentation skills.
• Is comfortable with negotiating; possesses an ability to seek buy-ins from key stakeholders.
• Possesses strong analytical skills and an ability to quickly learn new products and systems; shows willingness to be able to thrive in a challenging and constantly changing environment.
• Is dynamic - with a strong character and excellent interpersonal skills.
• Has a good understanding of data analytics / visualization tools, as well as audit methodologies.
• Possesses Knowledge of global regulatory environments and emerging risk trends.
• 15 + years of experience in

Nomura

Nomura is a Japanese financial services group, founded in 1925 and headquartered in Tokyo, with a network spanning around 30 countries and regions. Its business is organised into four divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.

In India, Nomura Services India in Powai, Mumbai supports the group's global businesses with teams in financial control and reporting, risk management, operations, research, trading support, compliance, legal and technology. Roles in financial control, product control, regulatory reporting, risk, audit and operations there suit chartered accountants, ACCA and CFA professionals and MBA (Finance) graduates.

• Industry: Global investment banking and financial services
• Headquarters: Tokyo, Japan (Nomura Holdings, Inc.)
• In India: Nomura Services India in Powai, Mumbai, a large centre supporting the group's businesses worldwide, with further offices in Mumbai and Gurugram