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

Job Title: Global Markets Legal Entity Oversight

Corporate Title: Vice President

Department: Global Markets

Location: Paris

Department overview

Nomura's Global Markets (GM) Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent, client relationships and technology.

By developing strong relationships with our client base through consistent interaction, independent advice and pre-eminent access to Asia, we have built a powerful global franchise across interest rates, currency and credit products. Our client services cover both high-volume flow products and carefully tailored structured solutions. We have adapted to the changing financial landscape to build a client centric focus differentiated by innovation, electronic and service excellence and market-leading derivatives capabilities.

Role description

This role resides in our European entity Nomura Financial Products Europe, (NFPE) which is our European based trading entity with Trading and Sales teams across Europe. The role is located in Paris within NFPE.

Responsibilities

1. GM Legal Entity Frameworks:

Supporting Global Markets Senior Management Control deliverables across the EMEA business:

• Ensuring adherence to regional legal entity and control procedures, whilst maintaining global consistency of approach where appropriate
• Supporting delivery of Global Markets front office requirements as defined within the overall COO and Entity Business plans
• Support the wider GM Entity Control Team across various process requirements.

Specifics to include:

• Supporting embeddedness of Legal Entity frameworks across the European entities with direct engagement, training programs, regular updates and targeted communication plans, etc.
• Ensuring associated entity policies and Front office procedures are continually reviewed and where necessary kept up to date
• Monitoring of key control indicators and risk and performance metrics and activity dashboards to oversee the activity in the entity
• Working closely with GM EMEA and NFPE management to ensure remediation plans are created and where necessary resources aligned to address control weaknesses identified through Front Office Control Teams, Audit reviews, RCSA, Compliance reviews and monitoring, Operational Risk assessments or risk events
• Independently assess, oversee and challenge the effectiveness of the first line of controls and behaviours.
• Ensuring prompt escalation of issues by Front office to relevant control functions
• Ensuring local/regional supervision infrastructures remain compliant with relevant regulatory and statutory requirements at all times while supporting the establishment of global minimum standards for Nomura
• Oversight of Algo frameworks used by Global Markets into NFPE.
• Outsourcing – Act as the 1st Line responsible team to manage the global activity being conducted into NFPE via Outsourcing

2. Front Office Operational Risk activities:

• Coordinating NFPE GM RCSA (Risk Control Self Assessments) process, ensuring correct prioritisation, participation, frequency and challenge of outputs. Where necessary work closely with relevant business leads and supervisors to prioritise remediation of control weaknesses
• Analysing front office risk indicators / data points (key risk indicators, Outsourcing Performance metrics, RCSA and Operational Risk Assessments) to identify trends or areas of potential heightened operational risk and where necessary escalate to senior management
• Monitoring of Operational Risk Events and tracking timely closure across the business and escalation where necessary

3. External & Internal Audit Issue Management:

• Monitoring of on-going Global Markets Audit reviews, engaging IA in constructive dialogue, in the planning, fieldwork and finalisation of audit findings
• Monitoring of Global Markets Audit reviews and points, focussing on timely closure of Audit issues across the business and escalation to business leads where necessary
• Working closely with GM business leads and supervisors to ensure issues have a clear risk articulation, achievable remediation plans, and where necessary resources aligned to address control weaknesses identified

4. Culture & Conduct Risk:

• Help ensure that key conduct risk messages are understood and disseminated throughout the business.
• Be proactive and gather detail and opinions on conduct breaches raised.

5. Regulatory Initiatives:

• Working closely with business leads, supervisors and key control functions - including Middle Office, Compliance and Operational Risk - to ensure the effective regional implementation of new global and regional regulatory requirements with an impact on operational risk & control
• Where applicable, facilitating project management in line with project requirements
• Contributing to the design of the required GM control frameworks to facilitate embedding in BAU environment

6. People:

• Develop partnerships across Corporate teams, in particular Compliance, Algo Risk and Legal in NFPE.

7. NFPE Governance and Controls:

• Support the GM governance, procedures and controls, which support NFPE activities.
• Maintain the schedule and regular updates of the NFPE GM Procedures
• Manage the Outsourcing Frameworks for NFPE ensuring timely MI and monthly
• Support the GM Head of NFPE in Key Risk Indicator meetings and the identification/management of global GM NFPE risks and issues.
• Perform GM oversight over the NFPE GM AP Population reviewing new AP requests are appropriate and in line with strategy
• Maintain frameworks to oversee that the AP population remains within Strategy and that activity reviews are conducted as required.
• Partner with key Banking, GM and Corporate leads to deliver a compliant and effective business control environment.

8. Reporting Lines:

• The role functionally reports into the local NFPE Lead who represents the entity for Global Markets
• Functionally into the Global Markets Legal Entity Oversight in London/Paris

Requirements

• Experience in a 1st line risk / control role or other relevant function, including Operational Risk Management, an internal control function, or in a Corporate/Risk function as an SME in a relevant area.
• Sufficient understanding of Non-Financial Risk and Controls including approaches to the identification, assessment, management and monitoring of Non-Financial Risks.
• Strong capabilities to employ generative AI to build sustainable business solutions.
• Strong influencing and coordination skills to be able to manage stakeholders across multiple regions and functions to achieve meaningful control improvements.
• Sufficient written and verbal communication skills and the ability to clearly articulate complex issues in a succinct manner to multiple stakeholders.
• A general understanding of investment banking products and services including key Trading, Sales and Origination, processes and the associated controls.
• An ability to remain objective whilst providing advice and support to relevant business areas and senior management.

Nomura competencies

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

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

Diversity Statement

Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.

DISCLAIMER: This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time.

Nomura is an Equal Opportunity Employer