Operational Risk - VP

Job Title:                     Operational Risk Management, Asset Management

Corporate Title:           Vice President

Department:                 Risk Management

Location:                     New York, Philadelphia

The pay range for this position at commencement of employment is expected to be between $160,000 and $185,000 per year.

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.

Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors

Department Overview:

Risk Management supports Nomura to achieve its business goals by partnering with business units across the firm, providing independent advice to the Board and protecting the firm from exposure to losses as a result of credit, market, operational and other risks. 

The Operational Risk Management (ORM) function is part of the Risk Management organization and is responsible for:

• Developing operational risk frameworks and policies


• Provide independent oversight over operational risks and challenge First Line of Defense


• Monitor risk appetite compliance


• Report to senior management and committees

Role Description:

This role will be part of the team overseeing the Investment Management Division (IMD) in the US and contributing to the global coverage team.

Key Responsibilities:

• Actively contribute to the global Operational Risk Management function and Risk Management department to develop and maintain best in class technical, business and administrative practices


• Responsible for global operational risk coverage of assigned businesses, providing technical expertise and driving consistency in the application of risk and control assessment


• Provide senior leadership and governance forums with appropriate information regarding the Operational Risk exposures, control effectiveness and remedial actions.


• Lead special projects / initiatives regionally or globally.

Skills, experience, qualifications and knowledge required:

• Five or more years of relevant financial services risk management experience with exposure to Asset Management businesses


• Solid understanding of principles and tools for assessing and managing operational risks.


• Understanding of risk and control issues impacting Asset Management business lines.


• Experience in 1LOD, 2LOD or 3LOD in covering risk and control issues in Asset Management


• Strong communication skills, both verbal and written; ability to produce concise and effective presentations.

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

• Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, discretionary awards and eligibility for commissions for applicable sales roles in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired in the U.S., employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.

Nomura is an Equal Opportunity Employer