Prudential Planning and FRM, Associate

London, United Kingdom
15 Nov 2022
15 Dec 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Job title: Prudential Planning and FRM, Associate
Corporate Title: Associate
Department: Finance
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

Department overview:

The Prudential Planning and FRM team is responsible for delivering key liquidity and capital planning initiatives for Nomura European Holdings (NEHS, the European consolidation group), primarily driven by UK and European regulatory requirements. The team ensures NEHS is adequately capitalised at all times as well as identifying any threats to the viability of the firm and helps the management identify appropriate actions. The team also supports and facilitates management of financial resources for the Wholesale business (Global Markets and Investment Banking Division). The team structure is lean and relatively flat, sitting within the Finance department in EMEA. The team spearheads the following:
  • Internal Capital Adequacy Assessment Process (ICAAP)
  • Individual Liquidity Adequacy Assessment Process (ILAAP)
  • Contingency Funding Planning
  • Recovery & Resolution Planning
  • Solvent Wind-Down (SWD) / Trading activity Wind-down (TWD) Planning
  • Financial Resources Management (FRM) working together with the Group FRM

These initiatives have been at the top of regulator's agenda and therefore the Board's agenda in recent years. In particular, the ICAAP and ILAAP form the basis for assigning regulatory capital and liquidity buffers so is one of the key drivers for improving Return on Equity (RoE). We work closely with a range of teams across Finance, Risk and the Front Office to understand what would happen under various stress scenarios.

Key objectives critical to success:

The firm is looking to recruit an individual at Associate / VP level to support execution of the FRP team's core responsibilities including:
  • Delivery of key initiatives as listed above, in accordance with regulatory requirements
  • Internal policies, including documentation, implementation and monitoring of capital and liquidity controls, e.g. Risk Appetite limits and Early Warning Indicators (EWIs)
  • Preparation of regular Board and Management Committee reporting, coordinating senior management sign-off
  • Regulatory engagement, e.g. PRA / BoE Continuous Assessment materials, SREP and L-SREP
  • Ongoing monitoring of regulatory developments, engaging with industry forums/peers and responding to public consultations
  • Ad hoc capital and liquidity analyses, providing cross-team support as required

Skills, experience, qualifications and knowledge required:
  • Regulatory/financial services industry experience with a focus on prudential risk
  • Strong analytical skills, with an ability to analyse large volumes of data from different sources and draw relevant conclusions
  • Solid understanding of new and pending regulations, including their impact to firms
  • Prior experience of ICAAP / ILAAP and Contingency / Resolution Planning is desirable
  • A proven record of strong written and verbal communication skills with an ability to convey complex issues succinctly; Microsoft Word, PowerPoint and Excel proficient
  • A strong risk and controls mind-set with the confidence to provide challenge
  • Strong organisation skills, coordinating deliverables and people to tight timelines
  • Ability to operate in an environment with a high level of scrutiny and collaborate effectively with a wide range of internal/external stakeholders
  • Ability to work independently with minimal oversight and as part of a team
  • A proactive 'can do' attitude