Vice President/Front Office Supervision, Conduct & Control (FOSCC)

Company/ Firm Name

Nomura

Location

London, UK

Published Date

14 December 2021

About the job:

Responsibilities:



1. Front Office Supervision (FOS):


  • Coordinating Global Markets front office supervision deliverables across the global business:

  • Delivery of Global Markets front office requirements as defined within the overall FOS project plan

  • Support (and lead where required) control and supervision enhancements across GM


Specifics  to include:

  • Driving embeddedness of Supervision framework across Europe Front Office through direct engagement, training programs, regular updates and targeted communication plan, etc.

  • Ensuring associated relevant GM policies and Front office procedures are continually reviewed and where necessary kept up to date

  • Support Supervisors in their monitoring of key control indicators and supervision dashboards to ensure relevant supervisors are adhering to supervision requirements and escalating issues to respective business leads, Legal/Compliance and EMEA Head of FOSCC, 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 FOSCC, 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 and behaviours.

  • 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




2. Front Office Operational Risk activities:


  • Coordinating GM EMEA 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, Outsourcing Performance metrics, RCSA and Operational 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. External & Internal Audit Issue Management:


  • Monitoring of on-going Global Markets Audit reviews, engaging IA in constructive dialogue, in the planning, fieldwork and 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 issues have a clear risk articulation, achievable remediation plans, 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 Europe 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.

  • Progress and lead market and client conduct risk frameworks promoting their practical use and taxonomy.




5. Regulatory Initiatives:


  • Working closely with business leads, supervisors and key control functions - including Middle Office, 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 GM control frameworks to facilitate embedding in BAU environment




6. People:


  • Support the regional organisational model for implementation to leverage risk & control managers at all levels of the Global Markets organisation and escalate any coverage issues involving scope or expertise

  • Review appropriateness of supervisory hierarchies and escalate any issues



7. Governance and Controls:


  • Develop the GM governance and controls across EMEA and the European entities

  • Support the Heads of GM, Desk Heads and GM entity heads in Key Risk Indicator meetings and the identification/management of relevant global GM risks and issues.



7. Reporting Lines:



  • The role functionally reports to the EMEA Head of Global Markets Front Office Supervision, Conduct and Control




Requirements:


  • At least 5 years in Supervision, Operational Risk Management, Internal control function, or in a Corporate/Risk function as an SME in a relevant area.

  • A good understanding of European regulatory and supervision standards and requirements including experience of working with key risk indicators, performance metrics, and multiple data sets.

  • A strong understanding of investment banking products and services including FICC trading, Sales and Origination, processes and the associated controls

  • An ability to remain objective and to independently raise areas of risk exposure



#Regional Disclaimers / 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.