At a Glance
- Tasks: Lead operational risk management and engage with senior stakeholders across various departments.
- Company: Join Nomura, a global financial services leader connecting markets East & West.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Embrace diversity and inclusion in a supportive workplace culture.
- Why this job: Make a real impact in a dynamic financial landscape while developing your career.
- Qualifications: Experience in operational risk or trading, strong communication skills, and a proactive mindset.
The predicted salary is between 100000 - 150000 £ per year.
Location: London
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.
Department Overview
The management of operational risk is a key business priority for Nomura and is vital to the successful delivery of the firm’s strategy. The EMEA operational risk team has responsibility for the development of operational risk management for the region, including:
- Developing the operational risk strategy and governance framework
- Establishing a set of operational risk products and services to support the business areas’ management of operational risk
- Developing the tools and templates to allow the effective collection, review and use of operational risk information
- Working with Risk & Control officers across the business to embed an operational risk culture throughout the organisation
Operational Risk forms part of the Second Line of Defence within the Risk Department.
Overview:
The GM Product Manager – reporting to and supporting the Global Markets Lead – will be responsible for:
- Leading Operational Risk Management’s engagement with regional Trading Senior Management as well as Senior stakeholders supporting the business across Operations, Technology, Compliance and Risk Management;
- Providing guidance on risk and control matters, forming an independent and consolidated view of the business risk profile;
- Partnering with front office and relevant 2LOD functions (including Financial Risk Management) to deliver on risk mitigation efforts.
Specific Responsibilities
To support delivery of these priorities, the Operational Risk Manager role will involve:
- Developing a close working relationship with key stakeholders across all departments and providing ongoing communication of key Operational Risk developments and requirements.
- Taking ownership of and/or providing direct oversight of the delivery of key business reports (tailored / value add reporting tailored to suit audience)
- Developing specific aspects of the operational risk framework as required
- Providing support and challenge to key business stakeholders in their development and maintenance of Operational Risk products; including: RCSAs, KRIs, events
- Using internal and external data sources to identify key trends, issues and other insights requiring further investigation and following up with the 1st line stakeholders as appropriate.
- Overseeing the delivery, where required, of Targeted Risk Assessments and Post Event Appraisals
- Observing and challenging Operational Risk Embeddedness in the 1st line (Performance and Operational Risk Awareness review)
Key objectives critical to success:
- Primary ORM lead for the senior stakeholders in 1LoD
- Providing independent expert advice to the business areas on operational risk issues
- Developing, disseminating communications and training the business to raise awareness of operational risk
- Actively contributing to the global framework development
- Observing trends and analysing internal and external data to provide value-add observations and recommendations directly to senior management and/or for inclusion in Exec and Board reporting
Skills, experience, qualifications and knowledge required:
Candidates for the position should have:
- Experience, in the capacity of Front Office COO, 1LOD Risk and Control Role or trading background – either in 1st or 2nd line capacity – of Global Markets Trading Business, with demonstrable product (Macro, Credit or Equities) knowledge.
- A good understanding of the front to back activities of a Global Markets Trading Business
- Track record of building relationships and advising/challenging senior management on risk matters (financial or non-financial)
- Experience in operational risk or related functions in financial services institutions
- Have experience and understanding of the components of an operational risk management framework
- Display commercial awareness and an understanding of key business priorities
- Very strong communication and presentational skills
- Proactive, self-starter who can work effectively as part of a global team
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 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).
Right to Work
The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.
Diversity & Inclusion
Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation. If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.
Operational Risk Manager - GM Product Manager (Executive Director/ Vice President) employer: Nomura
Nomura is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong commitment to employee growth, Nomura provides extensive training and development opportunities, fostering a culture of diversity and inclusion that empowers individuals to excel in their careers. Joining Nomura means being part of a global financial services leader that values creativity and thought leadership, ensuring that every team member contributes to meaningful solutions for clients worldwide.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Manager - GM Product Manager (Executive Director/ Vice President)
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work at Nomura or similar firms. A friendly chat can open doors and give you insights that might just help you land that Operational Risk Manager role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of operational risk frameworks and current trends in global markets. We want you to be able to discuss how you can contribute to Nomura's strategy with confidence!
✨Tip Number 3
Showcase your communication skills! During interviews, make sure to articulate your thoughts clearly and provide examples of how you've successfully advised senior management on risk matters in the past. This is key for the role!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the team at Nomura and contributing to their operational risk culture.
We think you need these skills to ace Operational Risk Manager - GM Product Manager (Executive Director/ Vice President)
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in operational risk management and your understanding of the Global Markets Trading Business. We want to see how your skills align with what we're looking for!
Showcase Your Communication Skills:Since strong communication is key for this role, don’t shy away from demonstrating your ability to convey complex ideas clearly. Use examples from your past experiences where you effectively communicated with senior management or stakeholders.
Highlight Relevant Experience:Be sure to emphasise any previous roles you've had in 1LOD Risk and Control or as a Front Office COO. We’re keen to see how your background can contribute to our operational risk strategy.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Nomura
✨Know Your Operational Risk Framework
Make sure you have a solid understanding of operational risk management frameworks, especially in the context of global markets. Be prepared to discuss how you've applied these frameworks in your previous roles and how they can be tailored to meet Nomura's specific needs.
✨Build Relationships with Stakeholders
Demonstrate your ability to build strong relationships with senior stakeholders across various departments. Share examples of how you've successfully collaborated with front office teams or compliance functions to enhance risk management practices.
✨Showcase Your Analytical Skills
Be ready to discuss how you've used data to identify trends and insights in operational risk. Prepare to explain how you've conducted risk assessments or post-event appraisals, and how your findings led to actionable recommendations.
✨Communicate Effectively
Strong communication skills are crucial for this role. Practice articulating complex risk concepts in a clear and concise manner. Think about how you can tailor your communication style to different audiences, from senior management to operational teams.
