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Regulatory Change- Business Re-engineering & Optimization

Employer
Nomura
Location
London, United Kingdom
Salary
Negotiable
Closing date
Feb 23, 2024

View more

Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job title: Regulatory Change - Business Re-engineering & Optimization
Corporate Title: Vice President
Department: Operations Performance Management
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

Department overview:

The Performance Management Function develops a coordinated approach across Business, Operations and Technology to best meet the demands of the Wholesale Operations group. This function coordinates the focus of the Business Re-engineering & Optimization, Business Intelligence & Analytics and Business Planning & Strategy. The Performance Management function helps to drive strategic change across the organization by sourcing and providing high quality quantitative and qualitative data to inform all levels of the Operations and those in other divisions. Service quality and timely delivery are central attributes of our core BAU activities and we are continuously enhancing these to further strengthen our support to the businesses.
As a part of our team, you'll gain exposure to senior management and our wider business in the region and globally. It's an agile, professional environment that will support your development as it demands excellence, encourages curiosity and rewards original thinking.

Role description:

The Operations Performance Management team is looking for a Change Manager who will be responsible for managing a portfolio of business re-engineering and process improvement initiatives within the Global Operations Division. She/he will be required to work in a matrix environment, working with various Operations functional teams and stakeholders at all levels of management in various global locations. Many initiatives will require working with cross functional teams to deliver the program objectives.

The initial assignment will be to manage the Trade and Transaction Reporting (TTR) Remediation Program in the Regulatory Operations functional area. Regulatory Operations is a global team that is responsible for managing Nomura's trade and transaction reporting obligations across various jurisdictions including CFTC, SEC, CAD, MiFID, EMIR (ESMA & FCA), SFTR, BOI, ASIC, MAS, HKMA, KRX and JFSA. The objective of this program is to transform the function through delivery of the identified book of work (BoW) which is organized into multiple work streams, each focussing on a thematic area impacting the function.

Key responsibilities include:

* Implement governance structure including working groups, roles and responsibilities, meeting frequencies, and status reporting with anticipated risks and issues.
* Lead meeting forums, including advance topic planning, scheduling, facilitating, and associated documentation.
* Help program sponsor run the Steering Committee (TTR Governance Forum) including scheduling, finalizing the meeting agenda, preparing meeting materials and circulating minutes and follow up actions.
* Document well-defined delivery plan with input from BAs, business stakeholders and IT, and ensure that it is realistic and achievable by identifying and correcting weaknesses and gaps.
* Develop plan monitoring procedures ensuring tasks, activities, and milestones are vetted with owners weekly to identify slippage, conflicts, scope creep, and inter-dependency problems early enough to mitigate and resolve timely
* Ensure risks and issues are documented and those requiring escalation are accompanied by options and recommendations with pros and cons for effective decision makingAbility to decipher, analyse and model financial data which can be used as a basis to deliver management reporting to senior audiences, ensuring key messages are understood and can be acted upon

The role will expect the candidate to seek out and implement new processes as the regulatory landscape continues to change. The individual will be expected to support the teams strategic and ongoing change requirements for process improvement and automation.

The role will be challenging, often working to tight deadlines, and will provide a variety of responsibilities covering technical, process & interpersonal perspectives. It will be an excellent opportunity to further develop knowledge of Regulatory Reporting providing a deep insight into Nomura's Capital, Risk & Regulatory systems and processes

Key objectives critical to success:
* Ability to work to high degree of accuracy with logical and structured approach
* Ability to identify issues and investigate / escalate appropriately
* Flexibility, maintaining awareness of ever changing International and UK regulatory capital rules, and resulting change to business processes
* Ability to embrace new technology and demonstrate initiative to adapt to changing business processes
* Ability to communicate clearly and concisely with colleagues and build relationships within the department and across functions
* Ability to set priorities and manage multiple projects, and competing requests simultaneously

Skills, experience, qualifications and knowledge
* Bachelor's degree in Finance, Accounting, Business Administration or similar employment experience
* At least 10 years' experience managing medium or large projects in Financial Services.
* Familiarity with front to back trade processing and associated functions in a typical sell side firm.
* Prior experience of having worked as a PM/BA in Trade and Transaction Reporting projects is required
* Good understanding of major regulatory jurisdictions like SEC, CFTC, MiFID, EMIR, SFTR is highly desirable
* Solid understanding of project management principles
* Execution - Detail-oriented and structured in approach to prioritization, analysis, planning and reporting; Able to multi-task, manage multiple projects and work under pressure to deliver high-quality outcomes

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
Teamwork
Collaboration
 Ensure views are not biased, accept different opinions and perspectives, and collaborate with other members to create common values
Influence
 Provide appropriate guidance to others and act in a manner that places emphasis on the performance and growth of the organization
Integrity
 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.

Diversity & Inclusion
Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

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