Hiring: Operational Risk Management, Global Legal, Compliance and People Risk Lead (Executive Director)

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Department overview: Risk Management supports Nomura to achieve its business goals by partnering with business units across the firm, providing independent advice to the Board and protecting the firm from exposure to losses as a result of credit, market, operational and other risks. Operational Risk Management is the risk oversight function for operational risk and provides risk guidance and credible challenge to the business and corporate functions. The role resides within the firm’s Operational Risk Management function reporting to the Global Head of Operational Risk based in Asia.

The Global Legal, Compliance and People Risk Lead will be responsible for leading global Operational Risk Management’s oversight of Compliance, Legal and People risk domains across the firm. This includes:

• Providing guidance on risk and control matters.
• Forming an independent and consolidated view of risks in those domains across the enterprise.
• Partnering with risk domain SME Functions and regional ORM to deliver on risk mitigation efforts.
• Establishing a strategy to develop and improve Operational Risk Management in the Compliance, Legal and People risk of the firm.
• Conducting assessment of key Compliance, Legal and People risks and delivering cross-functional enhancement to improve controls.
• Participating and influencing decision making in management forums and contributing to continuous improvement of risk practices.
• Leading ORMs oversight and challenge of assessment of risk exposures and control effectiveness in the relevant SME department Risk and Control Self-Assessments.
• Establishing appropriate risk appetite and early warning metrics with SME functions to monitor risk exposures in line with firm’s risk appetite.
• Contributing to development of enterprise-wide risk and control management frameworks for these risk domains in collaboration with risk domain SME functions.
• Leading and challenging review of material operational risk events and analysis of thematic operational risks impacting across the risk domains.
• Executing special projects and global initiatives to identify and mitigate risk.
• Coordinating and supervising efforts by regional Operational Risk Management team members covering Compliance, Legal and HR functions in their regional initiatives.

Skills, experience, qualifications, and knowledge required:

• Relevant financial services risk management experience in 1LOD, 2LOD or 3LOD roles managing compliance, regulatory, legal and/or employment practices related risk and control reviews.
• In-depth technical knowledge with laws and regulations impacting global financial services industry, with working knowledge of Compliance functions preferred.
• A working understanding of potential legal risk related to documentation, enforceability, and contractual obligations arising from global banking business.
• Understanding of key employment practices risks impacting financial services industry.
• Experience in investigating regulatory, legal and/or conduct issues, identifying root causes and proposing and overseeing implementation of controls enhancements.
• Strong communication skills, both verbal and written; ability to produce concise and effective presentations.