RSK-Operational Risk Group

Nomura Holdings, Inc.; Mumbai; On-site; INR 900,000 - 1,600,000; Full time

Benefits offered by this job

Wellbeing services

Diversity recognition awards

CSR program support

Job summary

Nomura Holdings, Inc. in Powai, Mumbai seeks a Vice President to lead the 2nd line Operational Risk Management across payments, settlements, client onboarding and KYC/AML controls.

You will coordinate global ORM activities, oversee QA/QC and risk assessments, and partner with regional teams to strengthen risk governance, reporting and cross‑regional risk maps.

Qualifications

• 14-18 years of ORM experience in financial services.
• Strong knowledge of payments processing, settlements and client on-boarding.
• Proven ability to lead risk governance and cross-regional programs.

Responsibilities

• Establish and oversee 2nd line ORM oversight across key domains (payments, settlements, onboarding, KYC/AML).
• Challenge 1st line controls and perform independent risk reviews and QAQC.
• Represent ORM in global forums and present risk trends to leadership.
• Develop and maintain cross-regional ORM risk maps and programs for framework harmonization.
• Collaborate with global teams to implement risk governance improvements.

Skills

Global ORM

Risk governance

QA/QC oversight

KYC/AML

Job description

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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 .

Nomura Services, India supports the group’s global businesses. With world‑class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the 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.

2nd Line ORM (Operational Risk Management) - Business Unit Overview:

Operational Risk Management (ORM) is a 2nd line of defense governance function providing an integrated operational risk guidance, Non-Financial Risk advisory services enabling Powai to establish, maintain and improve a forward‑looking risk culture and best practices. The team has close engagements with Powai Divisions in promoting & sustaining global risk and control best practices, adherence to global operational risk policies thereby establishing a mind‑set shift amongst all divisions in managing operational risk in the most forward‑looking manner. Operational Risk management framework is fully embedded in Powai across all divisions with adequate risk monitoring and event escalation mechanisms. In line with overarching vision of CCO and Powai leadership team, the function endeavors to build an eco‑system, where operational risk is a central theme for all divisions in building a control conscious organization

Operational risk management (ORM) has 4 teams i.e. Core ORM (Business advisory team), Central ORM framework support, Global Risk Analytics and NEHS Scenario support. These 4 teams within ORM report locally to Powai Head of Operational Risk Management & is functionally aligned to respective Global Onshore Leadership Team. This role opening for VP is in Core ORM business advisory

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.

Position Specifications:

Corporate Title

Vice President

Functional Title

Vice President

Experience

14- 18 years

Qualification

Role & Responsibilities:

Establish communication loops with Global ORM-Global Portfolio Directors/team on progress, red flags and centrally track and project manage actions consolidation from ORM reviews across regions
Lead coordination of global risk assessments and QAQC processes with regional teams, identifying consolidation opportunities through standardization of RCSA methodologies and harmonization of risk and control frameworks to ensure consistent global risk reporting and management practices

Provide independent 2nd line ORM oversight and challenge across critical operational domains including payments processing and settlement failures, KYC/AML compliance and client onboarding, margin calculations and collateral management, cash prime brokerage operations and client money segregation, and trade capture with transaction reporting accuracy
Challenge 1st line control framework through adequacy assessment and challenge from 2nd line perspective and perform independent risk reviews, targeted assessments, QAQC, and deep dives across operational domains

Represent Powai in global ORM forums, contributing to strategic discussions on emerging risks and framework evolution
Present key ORM risks, KRI trends, and control testing updates to ORM Horizon Scanning Governance Forum discussions on emerging risks and strategic risk themes

Establish regular risk dialogue sessions with Global Stakeholders to ensure operational risk considerations are integrated into strategic planning/RCSA
Conduct risk assessments for new business initiatives, AI implementations, technology transformations, and business change management initiatives, developing cross-regional risk maps with focus on emerging AI risks, automation risks, and digital transformation operational risks

Partner with global functions to provide advisory solutions from 2nd line ORM perspective, perform QA/QC to identify inconsistencies in global risk governance framework implementation, and track actions and facilitate review outcomes with global teams
Participate in global projects based on emerging risks in settlements, KYC, client services, and cash prime operations

MIND SET:

Mandatory

Domain

• Exposure in Operations, Payments, Settlements, Client On-boarding, Securities market, Trade booking, validation
• Staying “upwind