Capital Planning Associate

About the job:

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: EMEA Finance Prudential Planning and FRM

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 (CFP)

• Recovery & Resolution Planning (RRP)

• Trading activity Wind-down (TWD) Planning

• Valuation in Resolution (ViR)

• 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.

The vacant role will focus primarily on Capital Planning initiatives including ICAAP, RRP, TWD and ViR, as well as coordinating CFP process.

Key objectives critical to success:

The firm is looking to recruit an individual at Associate 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, C-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

Nomura competencies

Culture & Conduct

• Contributes to desired culture

• Aware of different values / styles

• Maintains own and holds others to high standards of behaviour

• Seeks to develop

• Aware of impact of own strengths / weaknesses

• Learns from experience

Client-Centricity & Business Acumen

• Demonstrates understanding of current market

• Anticipates client needs

• Pays attention to detail, synthesizes accurately

• Sees problems, recommends solutions

Strategy & Innovation

• Articulates own contributions to divisional and firm-wide strategy

• Embraces and balances new / differing ways of thinking / working

• Makes decisions appropriate to their role, knows when and how to escalate

• Knows when / how to compromise

• Responds positively to changing needs and circumstances

• Is able to change direction quickly

Leadership & Collaboration

• Proactively participates in own and others' performance year

• Assists in recruiting and on boarding new team members

• Gives credit to others for positive contributions

• Builds collaborative and productive working relationships

• Provides on-the-job training to colleagues

• Provides and listens to constructive, timely and specific feedback to resolve conflict

Communication & Connectivity

• Adjusts communication style to suit topic / audience

• Balances listening / talking

• Communicates ideas and issues clearly and with consideration

• Questions to understand others’ views

• Is a proven and credible resource

• Builds internal network

• Willingly works with others to share information

Execution & Delivery

• Maintains positive commitment to results

• Takes on challenging assignments

• Executes priority actions on-time

• Keeps stakeholders updated, manages expectations

• Persists when confronted with resistance

• Seeks, listens to and accepts feedback

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.

Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment. A member of staff will be happy to help.

Only successful candidates will be contacted