Global Markets Senior Management Controls - Nomura Financial Products Europe

Company overview

Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset 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

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

 

Job title:                           Global Markets Senior Management Controls - Nomura Financial Products Europe

Corporate Title:                Associate

Division / Department:     Global Markets Division

Location:                          Frankfurt
 

 

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

 

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 SMC project plan
• Support the wider EMEA 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 supervision dashboards to ensure relevant supervisors are adhering to supervision requirements and escalating issues to respective business leads, Legal/Compliance and EMEA GM Control Office (GMCO) seniors and NFPE management, as necessary.

 

• 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 GMCO, 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

 

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. Regul