Risk Model Governance and Control

London, United Kingdom
13 May 2022
12 Jun 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Job title: Risk Model Governance and Control

Corporate Title: Associate

Department: Risk Management - Global Risk Methodology Group

Location: London

Company overview:

Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset 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

Division Overview:

The Risk Model and Regulatory Oversight (RMRO) team is part of the Global Risk Methodology Group (RMG) and responsible for supervising RMG's compliance with all relevant Risk Model policies, procedures and regulatory requirements. RMRO works closely with the senior management of Nomura, preparing senior management committee pack, regulatory submission and other ad-hoc projects. The RMRO team liaise globally with departments across Risk Management, GM, Finance, Compliance and Change Management, amongst other areas.

Role Description:
This role is for an Associate level candidate to support the RMG CAO/Head of RMRO in carrying out responsibilities to support RMG's Risk Governance and Control. The candidate will be tasked with taking the lead on several areas within the RMRO space. Typical responsibilities include, but are not limited to:
* Coordinating and producing for monthly senior management Committee and regulatory meeting materials
* Producing submission materials for Regulators
* Running monthly/quarterly/annual control and monitoring processes (BAU monitoring, RCSAs, Audit action, Model Changes, Policies & Procedures attestation) owned by RMG
* Managing Internal Audit engagements with RMG and tracking / managing audit issues and actions
* Coordinate internal training programme
* Assisting Regulatory meeting/submission coordination, including pulling materials together, action tracking and minutes taking
* Tracking regulatory deliverables/commitments
* Regular status update (Policies & Procedures, RCSA Actions, Audit Actions and Head Counts list & Org chart) to key RMG members
* Maintaining proper documentation of all the processes including for any regulatory assignments and attestation
* Coordinating controls for EUCs maintained by RMG

Skills, experience, qualifications and knowledge required:

* Several years' work experience (at least 4 years plus) in large-scale financial services institutions
* Good understanding of Risk Governance and Control
* Excellent communication (written and verbal)
* Strong attention to detail and produce accurate reporting with value added analysis
* Ability to work well under pressure and balance multiple conflicting demands
* Planning and Organisational skills - Able to manage multiple projects simultaneously to deadlines
* Delivery skills - Able to see through projects / tasks through to completion and work through potential obstacles and challenges in front of objectives / goals.
* Strong MS Office skills - Able to work with data sets in Excel and produce high quality visual presentations in PowerPoint

* Project Management experience - Experience with managing large and complex projects

Nomura competencies

Trusted Partner

 Understand clients' needs and issues, and provide solutions utilizing Nomura Group company's resources, earn the clients' trust

 Acquire a wide range of knowledge as an employee of Nomura, instead of focusing only on one's own area of expertise; play a part in improving the company's services level and corporate value

Entrepreneurial leadership

 Take on new challenges for improvement and cultivate a corporate culture of challenge by driving change in business operations



 Ensure views are not biased, accept different opinions and perspectives, and collaborate with other members to create common values


 Provide appropriate guidance to others and act in a manner that places emphasis on the performance and growth of the organization


 Improve further the understanding and awareness of corporate philosophy, professional ethics, compliance risk management, and code of conduct, and make decisions and take actions from a management position

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.