AMR Business Control Function
2 weeks ago
Department: Instinet
Location: New York
Corporate Title: Vice President
The pay range for this position at commencement of employment is expected to be between $180,000-$250,000/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- InstinetInstinet, a subsidiary of Nomura, is a leading global electronic trading platform that offers innovative solutions to institutional clients. With a team of experienced professionals, Instinet provides clients with customized trading strategies and access to liquidity across multiple asset classes. The platform's cutting-edge technology and commitment to client satisfaction have made it a valuable partner for clients looking to optimize their trading performance. Instinet's mission is to continue driving growth and success in the electronic trading space through its focus on technology, innovation, and client service.
Responsibilities
- Lead the design, implementation and operationalization of Front Office risk management controls, covering financial and non-financial risk types.
- Partner with Business Control Leads in other regions, to drive delivery of global control frameworks, whilst ensuring regional requirements are appropriately catered for.
- Facilitate training and awareness of Front Office staff in all relevant risk management frameworks, and explicitly, on the 1st line responsibilities they must adhere to.
- Primary Front Office contact for 2nd line functions, acting as a conduit between 2nd line risk managers and 1st line risk owners.
- Partner with Front Office management to implement an effective suite of trading controls, to meet the requirements of Executive Management, align to market best-practice, and ensure compliance with all required regulatory expectations.
- Assist the business in complying with the minimum requirements set under the relevant Financial Risk Management frameworks (including Credit Risk, Market Risk and Liquidity Risk).
- Support the development and generation of daily MI to demonstrate Front Office adherence to prescribed risk limits, triggers and action/escalation levels defined in the relevant policy documents.
- Facilitate timely resolution of any breach of a financial risk limit/trigger/action/escalation level, by coordinating with the relevant Front Office risk owner(s) to understand the rationale behind the breach, and then work with 2nd line risk managers to agree an appropriate action plan to return risk levels to within acceptable appetite, in a timely manner.
- Act as the 'Operational Risk Champion' within Front Office and be ORM's main contact person for operational risk matters within Front Office.
- Assist the business in complying with the minimum requirements set under the Global ORM Framework (Event logging, risk and control assessment, Scenario Quantification, KRI data and breach management and action identification and remediation). Specifically:
- Monitor action plans relating to RCSAs, Events and KRI breaches and ensure timely remediation of actions and action plan updates.
- Co-ordinate compliance with control testing for the function.
- Oversee the timely investigation and recording of events (including near misses) and monitor mitigation procedures.
- Timely escalation, reporting and oversight of all material operational risk matters.
- Co-ordinate scenario workshop, quantification and sign off
- Liaise with and seek assistance from the Operational Risk team
- Consume ORM artefacts on updates or changes to the ORM Framework and ensure the timely and comprehensive dissemination within their business unit, this includes a feedback loop to ORM on any proposed changes
Requirements
- Minimum of 7 years of experience in operational risk or controls function or in business management.
- Understanding of 1st Line Risk & Control and familiarity with regional requirements.
- Prior experience liaising with front office stakeholders
- Strong stakeholder management skills and ability to push back when needed
- Technical skills including proficiency in excel and tableau
*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.
If hired, 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
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New York, NY, United States Nomura International Full timeJob Title: AMR Business and Strategic Operations Manager Department: Nomura-Instinet Location: New York Corporate Title: Vice President/Executive Director The pay range for this position at commencement of employment is expected to be between $168,000-$270,000/per year Company Overview Nomura is a global financial services group with an integrated network...
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New York, NY, United States Nomura International Full timeJob Title: AMR Business and Strategic Operations Manager Department: Nomura-Instinet Location: New York Corporate Title: Vice President/Executive Director The pay range for this position at commencement of employment is expected to be between $168,000-$270,000/per year Company Overview Nomura is a global financial services group with an integrated network...
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