Risk Governance Manager- 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.

Department overview

The Risk Management Department provides senior management with an independent view of the principal risks taken by individual business units. The Risk Department at Nomura Financial Products Europe GmbH (NFPE) is organised into the following risk functions: Risk Governance, Market Risk Management, Credit Risk Management, Operational Risk Management, Risk Methodology and Model Validation. In addition, the NFPE Risk Department collaborates closely with their direct counterparts and Risk Change teams across the globe. There are regional teams in Japan, London, US and Asia. NFPE is the EU entity of Nomura that was established to serve Nomura’s EU clients after Brexit. The NFPE Risk Department is responsible to cover all risk matters for the entity.

Role description

This NFPE Risk Governance team has responsibility for managing the NFPE cross-functional Risk matters, including COO and Risk & Control, liaison with the local regulators and working closely with global counterparts. The successful candidate will support the Risk Governance team on various initiatives such as:

• Risk Governance Framework: Maintenance of the Risk Inventory and Risk Strategy including risk Appetite, running the senior NFPE Risk committee, managing NFPE policies and procedures. The role will have direct exposure to Senior Management and cross-functional to Finance, Front Office and other functions to ensure a consistent roll out of the framework.
• Regulatory Monitoring and Change Management: Responsible for ensuring that German risk related regulations are understood and adhered to; provide oversight of local Risk projects and liaise with the Global Change function and local counterparts in Compliance, Finance and other Functions as required for the respective project.
• Outsourcing Controls: Monitoring and enhancement of the SLA for Risk with other Nomura entities, escalating in cases of breaches of the terms.
• Operational Risk Coordinator: for the Risk Function including controls testing.
• Regulatory Liaison: Managing the relationship with the German regulators for risk related matters.
• Risk MI: Management of consolidated Risk MI for the entity, liaising with the global reporting teams who are responsible for the production of the reports. Production of ad-hoc reports for the NFPE CRO, as required.
• CAO activities: Budgeting, forecasting, ongoing expense management, and business management for the NFPE Risk team.
• Ad-hoc: Department presentations, setting up governance committees, performing gap analysis, leading smaller projects and initiatives and other ad-hoc projects to support the group/ entity risk governance framework.

Key objectives critical to success:

• Ability to implement, evidence, challenge and maintain strong control processes.
• Ability to work well under pressure and balance multiple conflicting demands.
• Ability to clearly define, agree and communicate priorities.
• Ability to develop and maintain strong and mutually supportive working relationships both within Risk and with external stakeholders.
• Ability to critically analyse processes, procedures and policies, identifying, proposing and implementing enhancements.
• Strong analytical, written and communication skills.
• Ability to adapt quickly to internal and external change.
• Ability to implement change.
• Ability to operate within our regulatory and internal risk frameworks.
• First experience with managing reportees desired as the role may have one direct report.

Skills, experience, qualifications and knowledge required:

• Essential:
• Experience working in similar roles in the Financial Service Sector and/or a professional service company.
• Fluent German and English speaker.
• Experience of complying with German regulations (preferably relating to Risk) in a financial institution in Germany.
• Thorough understanding of control frameworks, including drafting of procedure documents.
• Strong inter-personal and organisational skills.
• Superior time management skills.
• Experience with using Word, Excel, PowerPoint.
• Excellent attention to detail.
• Willingness to be flexible and adapt quickly to changing demands of the role.

The candidate must be eligible to work in Germany.

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.