Global Markets Legal Entity Oversight, Vice President

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 tr