OPS-BM / Business Management

Nomura Holdings, Inc.; Mumbai; On-site; INR 4,000,000 - 7,000,000; Full time

Benefits offered by this job

Wellbeing services

Holistic wellbeing benefits

Sense of belonging

Job summary

Nomura Services India Private Limited in Mumbai seeks a seasoned Head of Regulatory Reporting to lead the Powai team and coordinate with global jurisdictions. You will ensure timely submissions, interpret evolving regulations, and drive improvements across reporting processes.

The role requires 15+ years in regulatory reporting within financial services, strong leadership, and the ability to mentor a multi-site team while aligning with global risk and control objectives.

Qualifications

• 15+ years of regulatory reporting experience in financial services.
• Experience managing large teams in a global setup.
• Strong communication and mentoring skills.
• Knowledge of regulatory reporting rules across multiple jurisdictions.

Responsibilities

• Lead the Regulatory Reporting Team based in Powai and support global jurisdictions.
• Report to Global Head of Regulatory Reporting; dotted line to local Risk and Control/Ops head.
• Oversee delivery of regulatory reporting; ensure timely, accurate submissions.
• Collaborate with internal teams to gather data and ensure data quality for reporting.
• Coordinate audits related to regulatory reporting; implement controls and process improvements.
• Drive transformation with new tools/solutions to enhance reporting effectiveness.
• Mentor and develop team members, attracting and retaining talent.
• Document work drivers and use metrics to drive productivity.
• Lead offshore/onshore collaboration and escalate gaps or outliers.

Skills

Regulatory reporting

Team leadership

Regulatory knowledge

Stakeholder communication

Audit coordination

Process improvement

Job description

Nomura Overview:

Nomura is a global f inancial 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 f irm 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 . Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, f inancial control, operations, risk management and legal support, the f irm plays a key role in facilitating t he group’s global operations. At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.

Division Overview:

The Operations division provides the support and control inf rastructure that enables the Firm to develop and deliver f inancial products throughout the world. Working with the Sales, Trading and Information Technology Divisions, Operations professionals are responsible for the management and execution of transactions in a manner which maximizes prof itability and minimizes risk. Our division is responsible for the management and execution of millions of transactions on a daily basis. Our responsibilities include trade processing, confirmation, settlement, fails management, margin, asset servicing, risk management, reference data management and various other client services. In partnership with sales, trading, prime services, informat ion technology and other teams f rom across the bank, we apply a continual focus on improving productivity and ef ficiency, while seeking new and innovative ways to support our clients' changing needs.

Business Unit Overview:

The Regulatory Reporting team is primarily responsible for ensuring that an organization complies with all relevant regulations and requirements set forth by governing bodies or regulatory agencies. This includes monitoring the daily reporting of trades and events across all major jurisdictions and managing changes in regulations to ensure ongoing compliance (i.e. rewrites, ref its, upstream changes, etc.). This unit coordinates with various departments within the organization to gather necessary information and data for reporting purposes. Additionally, it plays a crucial role in identifying and addressing any potential compliance issues or risks. Powai Regulatory Reporting unit is a central hub for managing cross-jurisdictional exceptions, remediation, testing, quality assurance and reporting management information.

What We Offer:

• We support employee wellbeing by ensuring a sense of purpose and belonging.


• We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.


• Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.

Role & Responsibilities:

• Head of the Regulatory Reporting Team based in Powai that provides support to the teams across other global jurisdictions


• This role will report into the global head of regulatory reporting who is based in London. The role may also have a local dotted line into the Powai Head of Risk and Control or the Ops head


• This role is part of the global regulatory reporting management team.


• Responsible for the overall management and service delivery of all aspects of regulatory reporting.


• Ensure timely and accurate submission of regulatory reporting to relevant jurisdictions


• Participate in Interpreting and implementation of regulatory requirements, staying updated on changes in regulations affecting the organization


• Collaborate with internal teams to gather necessary data and ensure data quality for reporting purposes


• Conduct periodic reviews and assessments to ensure compliance with regulatory standards


• Prepare and maintain documentation related to regulatory reporting processes and controls


• Support responding to inquiries from regulatory agencies and providing requested information


• Participate in the development and enhancement of reporting systems to meet evolving regulatory requirements


• Analyze and interpret financial data to support regulatory reporting requirements


• Assist in coordination of internal and external audits related to regulatory reporting


• Stay abreast of industry best practices and proactively identify areas for process improvement within the regulatory reporting function


• Encourage transparency within the onshore and offshore teams in highlighting and escalating gaps / issues / outliers.


• Able to attract, train and retain talent in the team and work proactively on developing individuals within the team to take additional responsibilities


• Able to provide proper guidance to the team on required standard and ensure delivery of quality review without major defects.


• Understand and clearly document work drivers for the regulatory reporting function and use the map and measure process to drive productivity


• Lead the transformation agenda by implementing new age tools / solutions

Mind Set:

• Mature professional with strong background in managing large teams within a global set up


• Self-driven individual who is willing to demonstrate initiative and leadership in changing the status quo


• Clear and effective communicator who can alter their communication style to fit the audience


• Ability to mentor and build high performing teams


• High action/execution orientation is essential for this role


• Set and maintain a high personal standard to serve as a visible leader for the team members


• Ability to build an operational strategy aimed at managing the offshore platform in line with global functional goals and local entity objectives.


• Knowledge of regulatory reporting rules across multiple major jurisdictions like CFTC, SEC, MifiD, EMIR, HKTR, MAS etc. highly desirable.


• Proven 15+ years’ experience in regulatory reporting within financial services industry


• Ability to work under tight deadlines and manage multiple priorities


• Knowledge and experience of appropriate control frameworks for regulatory reporting is an advantage.

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.
*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).