Operational Risk Management, Global Legal, Compliance and People Risk Lead (Executive Director)

Job Title:  Operational Risk Management, Global Legal, Compliance and People Risk Lead

Corporate Title:  Executive Director

Department:  Risk

Location:  London

Department overview:

Risk Management supports Nomura to achieve its business goals by partnering with business units across the firm, providing independent advice to the Board and protecting the firm from exposure to losses as a result of credit, market, operational and other risks.  Operational Risk Management is the risk oversight function for operational risk and provides risk guidance and credible challenge to the business and corporate functions.  The role resides within the firm’s Operational Risk Management function reporting to the Global Head of Operational Risk based in Asia.

Global Legal, Compliance and People Risk Lead will be responsible for leading global Operational Risk Management’s oversight of Compliance, Legal and People risk domains across the firm.  This includes providing guidance on risk and control matters, forming an independent and consolidated view of risks in those domains across the enterprise, and partnering with risk domain SME Functions and regional ORM to deliver on risk mitigation efforts.

Role description:

• Establish a strategy to develop and improve Operational Risk Management in the Compliance, Legal and People risk of the firm in partnership with risk domain SME functions.
• Conduct assessment of key Compliance, Legal and People risks and deliver cross-functional enhancement to improve controls.
• Participate and influence decision making in management forums and contribute to continuous improvement of risk practices.
• Lead ORMs oversight and challenge of assessment of risk exposures and control effectiveness in the relevant SME department Risk and Control Self-Assessments and take lead in assessing adequacy of risk and controls across the respective risk domains.
• Establish appropriate risk appetite and early warning metrics with SME functions to monitor risk exposures in line with firm’s risk appetite.
• Contribute to development of enterprise-wide risk and control management frameworks for these risk domains in collaboration with risk domain SME functions.
• Lead and challenge review of material operational risk events and analysis of thematic operational risks impacting across the risk domains.
• Lead in executing special projects and global initiatives to identify and mitigate risk.
• Coordinate and supervise efforts by regional Operational Risk Management team members covering Compliance, Legal and HR functions in their regional initiatives to provide globally consistent challenge, feedback and advise.

Skills, experience, qualifications, and knowledge required:

• Relevant financial services risk management experience in 1LOD, 2LOD or 3LOD roles managing compliance, regulatory, legal and/or employment practices related risk and control reviews.
• In-depth technical knowledge with laws and regulations impacting global financial services industry, with working knowledge of Compliance functions preferred, including central compliance functions, financial crime, business compliance, surveillance and control testing.  A working understanding of potential legal risk related to documentation, enforceability, and contractual obligations arising from global banking business is also advantageous.
• Understanding of key employment practices risks impacting financial services industry. 
• Experience in investigating regulatory, legal and/or conduct issues, identifying root causes and proposing and overseeing implementation of controls enhancements.
• Strong communication skills, both verbal and written; ability to produce concise and effective presentations.

Nomura competencies

Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

• Respect DEI, foster a culture of psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
  
  

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.

Nomura is an Equal Opportunity Employer