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Vice President - Global Markets Control Office - Global Markets

Nomura Asia
Singapore, Singapore
Closing date
Apr 10, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Description

Job Title: Global Markets Control Office (GMCO)
Corporate Title: Vice President
Division: Global Markets
Location: Singapore
Company overview
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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 .

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

Role Description

1. Front Office Supervision (FOS):
  • Coordinating Global Markets front office supervision deliverables across the global business
- Ensuring adherence to regional supervisory procedures, whilst maintaining global consistency of approach where appropriate
- Delivery of Global Markets front office requirements as defined within the overall GMCO project plan
  • Specifics to include:
- Driving embeddedness of Supervision framework across AeJ Front Office through training programs, regular updates and targeted communication plan, etc.
- Ensuring associated regional policies and Front office procedures are continually reviewed and where necessary kept up to date
- Monitoring of key control indicators and dashboards to ensure relevant supervisors are adhering to supervision requirements and escalating issues to respective business leads, Legal/Compliance and Regional Head of GMCO, as necessary
- Working closely with GM supervisors and senior management to ensure remediation plans are created and where necessary resources aligned to address control weaknesses identified through GMCO, Audit reviews, RCSA, Compliance reviews and monitoring, Operational Risk assessments or risk events
- Independently assess, oversee and challenge the effectiveness of the first line of controls
- Ensuring prompt escalation of issues by Front office to relevant control functions
- Ensuring local/regional supervision infrastructures remain compliant with relevant regulatory and statutory requirements at all times while supporting the establishment of global minimum standards for Nomura
- Post approval through Global Head of GMCO maintain a register with all regional deviations from the global minimum standard

2. Front Office Operational Risk activities:
  • Coordinating Front Office RCSA (Risk Control Self Assessments) process, ensuring correct prioritisation, participation, frequency and challenge of outputs. Where necessary work closely with relevant business leads and supervisors to prioritise remediation of control weaknesses
  • Analysing front office risk indicators / data points (key risk indicators, RCSA and Operational Risk Targeted Risk Assessments) to identify trends or areas of potential heightened operational risk and where necessary escalate to senior management
  • Monitoring of Operational Risk Events and tracking timely closure across the business and escalation where necessary
3. Internal Audit Issue Management:
  • Monitoring of on-going Global Markets Audit reviews engaging IA in constructive dialogue ahead of finalisation of audit findings
  • Monitoring of Global Markets Audit reviews and points focussing on timely closure of Audit issues across the business and escalation to business leads where necessary
  • Working closely with GM business leads and supervisors to ensure remediation plans are created and where necessary resources aligned to address control weaknesses identified
4. Conduct Risk:
  • Taking an active role supporting business management in the regular review of Conduct Risk KRIs and dashboards as far as applicable to AeJ and work with business management and relevant control functions to respond to identified conduct issues.
  • Help ensure that key conduct risk messages are understood and disseminated throughout the business.
5. Regulatory Initiatives:
  • Working closely with business leads, supervisors and key control functions - including Finance, Compliance and Operational Risk - to ensure the effective regional implementation of new global and regional regulatory requirements with an impact on operational risk & control
  • Where applicable facilitating establishment of governance and project management in line with project requirements
  • Contributing to the design of the required control frameworks to facilitate embedding in BAU environment
6. People:
  • Developing the regional organisational model for implementation in Region to leverage risk & control managers at all levels of the Global Markets organisation and escalate any coverage issues involving scope or expertise
  • Ensuring clear accountability and responsibility is expressed in job descriptions for Risk & Control
  • Develop a regional communication plan in line with the global plan for the Head of Global Markets to foster and deepen the understanding of operational risk / culture across the Front Office
  • Review appropriateness of supervisory hierarchies and escalate any issues
7. Reporting Lines:
  • The role reports to the Regional Head of Global Markets Front Office Supervision
  • Minimum a Bachelor degree from an accredited university
  • Minimum 8 years of experience in established financial institutions covering Supervision, Operational Risk Management or internal control function
  • Minimum 8 years of experience in regulatory and supervision standards and requirements
  • Experience working with key risk indicators, performance metrics, and multiple data sets.
  • Understanding of investment banking products and services including Equity and FICC trading, Sales, Origination and Research, processes and the associated controls
  • An ability to remain objective and to independently raise areas of risk exposure
Diversity Statement
Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.
DISCLAIMER : This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time.

Nomura is an Equal Opportunity Employer
Job Req: 2369

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