JOB DESCRIPTION
Job title: Operational Risk Manager (Technology/Resilience)
Corporate Title: Vice President
Department: Operational Risk
Location: London
Company overview
Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment 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 management of operational risk is a key business priority for Nomura and is vital to the successful delivery of the firm’s strategy. The EMEA operational risk team has responsibility for the development of operational risk management for the region, including:
- Developing the operational risk strategy and governance framework
- Establishing a set of operational risk products and services to support the business areas’ management of operational risk
- Developing the tools and templates to allow the effective collection, review and use of operational risk information
- Working with Risk & Control officers across the business to embed an operational risk culture throughout the organisation
- Operational Risk forms part of the Second Line of Defence within the Risk Department.
Overview
The role resides in the EMEA Operational Risk function with key responsibilities for 2LoD oversight of the Technology Department and Business Resilience.
The Technology Operational Risk Manager role will involve:
- Supporting the EMEA ORM Head of Technology Risk (2LoD) face off to senior 1st line stakeholders (mostly in the Technology function, but additionally in the Business Resilience and other departments as required), in region and globally.
- As part of the 2nd Line of Defence responsibilities, challenge the completeness and accuracy of their risk self-assessments, and ensure risk mitigation actions are implemented appropriately.
- Support the global Technology Risk team in establishing a global understanding and consistent approach to Technology risk management by the business.
- Developing a close working relationship with key business stakeholders and providing ongoing communication of key Operational Risk developments and requirements
- Providing support and challenge to key business stakeholders in their development and maintenance of Operational Risk products; including: RCSAs, KRIs, Scenario Analysis and event management
- Identifying key trends, issues and other insights requiring further investigation and following up with the business as appropriate.
Key objectives critical to success
Key to the successful execution of the Technology Operational Risk role will be:
- Excellent relationship management skills with Technology/Business Resilience management throughout the region and globally. ORM forms a key element of driving good risk management culture throughout the organisation, and OR Managers are expected to drive this through their business relationships.
- Strong Technology & Business Resilience Risk management skills, with expert knowledge of established industry Technology Risk & Control frameworks, such as NIST, ISO27001, COBIT, CIS, etc. and Business Resilience regulations such as DORA and UK Operational Resilience rules.
- Good coordination, documentation and presentation skills. Aspects of the ORM role involve performing deep dive investigations into business risk drivers or executing risk scenario analysis. These processes require working with teams across the Lines of Defence, and socialising outcomes with business and risk leaders.
- Working well as part of a global team. The ORM team has both regional and global aspects, and team members are expected to work well across different regions and disciplines to build a strong, effective and coordinated risk oversight function.
Skills, experience, qualifications and knowledge required
- Experience in operational risk or related functions in financial services institutions, particularly in relation to Technology risk and Business Resilience
- A good understanding and awareness of regulatory drivers or laws in the Technology and Resilience space.
- Good data analysis abilities using Excel.
- An understanding of the role of Operational Risk in a Wholesale business
- Display commercial awareness and an understanding of key business priorities
- Have solid understanding of the components of an operational risk management framework
Desirable but nonessential attributes
- Possess investment banking and / or capital markets knowledge and experience
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
Nomura is an Equal Opportunity Employer
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