Operational Risk Manager - GM Operational Risk Manager (Associate / Vice President)

LGBT Great; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

Nomura seeks an Operational Risk Manager – GM to lead risk management for Global Markets in Europe, reporting to the Global Markets Lead. The role drives risk governance, risk information tooling, and effective challenge to front-office and 2LOD teams to strengthen the risk framework across Operations, Technology, and Compliance.

The ideal candidate has a background in Front Office COO or 1LOD risk roles within Global Markets, with proven stakeholder management and strong communication skills.

Qualifications

• Experience in Front Office COO or 1LOD Risk and Control roles within Global Markets Trading.
• Proven ability to advise and challenge senior management on risk matters.
• Experience in operational risk or related functions within financial services.

Responsibilities

• Lead engagement with regional trading senior management and key stakeholders across Operations, Technology, Compliance and Risk Management.
• Provide guidance on risk and control matters and deliver independent views of the business risk profile.
• Partner with front office and 2LOD functions to deliver risk mitigation efforts.
• Develop and maintain operational risk products and governance frameworks.
• Communicate operational risk developments and requirements to stakeholders.

Skills

Front Office COO

1LOD Risk and Control

Global Markets Trading

Risk management advisory

Operational risk knowledge

Commercial awareness

Strong communication

Proactive team player

Job description

Job title: Operational Risk Manager – GM Operational Risk Manager Corporate Title: Associate/ Vice President Department: Risk Management 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. For further information about Nomura, visit www.nomura.com

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 Operational Risk 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

Nomura competencies

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 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.

Nomura is an Equal Opportunity Employer