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 worldwide.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Diversity and inclusion are at our core; we welcome all applicants.
- Why this job: Make a real impact in risk management while collaborating with top industry professionals.
- Qualifications: Experience in operational risk or trading, strong communication skills, and a proactive mindset.
The predicted salary is between 80000 - 100000 € per year.
Corporate Title: Vice President
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.
Business specific coverage will depend on the relevant skills of the successful candidate.
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:
- 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.
- Background in the capacity of Front Office COO, 1LOD Risk and Control Role or trading.
- 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 Entrepreneurship in People: 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 inclusion and 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- 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 opportunities and fosters a culture of inclusion and diversity, ensuring that every voice is heard. Employees benefit from a global network, competitive compensation, and the chance to engage with senior stakeholders, making it a rewarding place for those looking to make a meaningful impact in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Manager - GM Product Manager- Vice President
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work at Nomura or similar firms. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for those interviews by brushing up on your operational risk knowledge. Be ready to discuss how you can contribute to Nomura's risk management strategy and culture. Show them you’re not just a fit for the role, but a perfect match for their team!
✨Tip Number 3
Don’t forget to showcase your communication skills! Whether it’s during an interview or networking event, articulate your thoughts clearly and confidently. This is key in a role that involves advising senior management on risk matters.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Nomura team. Let’s get you that Operational Risk Manager role!
We think you need these skills to ace Operational Risk Manager - GM Product Manager- 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. Use keywords from the job description to show that you understand what we're looking for.
Showcase Your Skills:Don’t just list your skills; provide examples of how you've used them in previous roles. This is your chance to demonstrate your understanding of operational risk and how you can contribute to our team.
Be Clear and Concise:Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon and make sure your key points stand out. Remember, less is often more!
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way to ensure it gets into the right hands and helps us keep track of all applications efficiently.
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 financial services. Be prepared to discuss how you've applied these frameworks in previous roles and how they can be tailored to meet the needs of Nomura.
✨Build Relationships with Stakeholders
Demonstrate your ability to build strong relationships with senior stakeholders. Think of examples where you've successfully collaborated with different departments, such as Operations or Compliance, to address risk issues. This will show that you can effectively communicate and influence at all levels.
✨Showcase Your Analytical Skills
Be ready to discuss how you've used data to identify trends and insights in operational risk. Prepare specific examples where your analysis led to actionable recommendations or improvements in risk management processes. This will highlight your proactive approach and analytical mindset.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making abilities. Practice articulating your thought process when faced with operational risk challenges, and how you would prioritise actions to mitigate those risks effectively.
