Nomura India | RSK-Central Risk

Responsibilities

• The Risk Management Division encompasses the firm's comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm.
• The division is responsible for effectively managing the firm's risk-return profile, which ensures the efficient deployment of the firm's capital.
• Risk and Control is the 1.5 line of defense function for Risk Management globally and acts as a dedicated governance and control team for Risk Division.
• The team is also responsible for monitoring and reporting of controls including relevant KPIs, KRIs and drives a monthly global governance forum.
• The team makes recommendations to Senior Management and prepares lessons learnt as required from the various framework and deep dive reviews.
• Conduct design and operating effectiveness testing of controls across Risk Division, collaborating with Risk owners and control owners globally to validate control adequacy and performance through systematic sample testing.
• Additionally, conduct thematic review of RCSAs to ensure consistency and completeness of RCSA register for Risk division.
• Lead implementation of operational risk frameworks across Events, RCSA, KRIs and Reporting, working with risk sub-functions to embed practices into BAU operations and drive continuous enhancement initiatives.
• Co-ordinate with Operational Risk teams to mitigate the gaps by working closely with Risk Functions in building solutions for control enhancement.
• Responsible for carrying out sample testing of process or risk applications to ensure effective control and governance by working closely with Risk Managers globally.
• Carry out deep-dive thematic reviews in the areas of emerging risk or as per the request of senior risk management.
• Work on global governance projects that are cross regional and cross functional in nature.
• This requires working with key stakeholders across Risk Management.
• Monitor, report and recommend KRIs and KPIs for enhanced control and management reporting purposes to the senior risk management forums.
• Have technical expertise to carry out sample testing of EUCs, to confirm if they abide with EUC control and governance framework related requirements.
• To maintain proper documentation of all the processes.
• Performs other duties and tasks as assigned.
• Can operate with a limited level of direct supervision.
• Help with other ad hoc activities as the need arises.

Requirements

• Strong understanding of Risk Management frameworks and operational risk management principles.
• Experience in control testing methodologies including design and operating effectiveness validation.
• Strong analytical mindset with attention to detail required for sample testing and thematic reviews.
• Excellent stakeholder management skills to collaborate with Risk owners, control owners, and senior management globally.
• Strong written and verbal communication skills for reporting findings and recommendations.
• Should have an understanding of investment banking and products.
• Ability to drive self learning, demonstrate initiative and be accountable for one’s delivery.
• Prior experience in operational risk framework implementation (Events, RCSA, KRIs, Reporting).
• Prior experience of working in Credit risk / Market risk / Model Risk / Stress testing.
• Experience working in 1.5 Line of Defense or similar governance oversight role.
• Excel skills for data analysis and sample testing.
• Strong PowerPoint/presentation skills for management reporting.
• Expert skills in python, Alteryx, Power BI, SQL will be an added advantage.
• Experience with working on GRC system
• Experience: 2 - 6 years

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