Job Title:Global Market Risk and Control Associate

Job Title: Global Market Risk and Control Associate

Corporate Title: Associate

Division: Global Markets

Location: Hong Kong

Licensed: No

Nomura Overview 

Nomura is an Asia-headquartered 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 practices disciplined entrepreneurship while building on a long tradition of serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.

Divisional Overview

Nomura's Global Markets department offers clients worldwide liquidity, market insights, and execution services across multiple asset classes, including equities, fixed income, currencies, and commodities. The team's emphasis on innovation and technology ensures access to advanced trading platforms and tailored solutions. Specializing in market-making, risk management, and electronic trading, Nomura's Global Markets team has a strong global presence and is renowned for exceptional client service. With expertise, global reach, and a commitment to innovation, the department is poised to drive growth and success in the financial industry.

Role Description

1. Global Markets Risk and Control Associate – Equities Focus

We are seeking an experienced Equities Middle Office or Trade Support professional to join our Global Markets Control Office (GMCO) team in Hong Kong. This is an excellent opportunity to leverage your equities operational expertise in a first line of defense role, working directly with trading desks and business management across Asia ex-Japan.

Coordination Responsibilities:

• Leverage equities expertise to coordinate supervision activities across regional equities businesses (Cash, Derivatives, Prime Services, Financing)
• Coordinating Global Markets front office supervision deliverables across the global business
• Ensuring adherence to regional supervisory procedures, whilst maintaining global consistency of approach where appropriate
• Delivery of Global Markets front office requirements as defined within the overall GMCO project plan

Specific Duties:

• Driving embeddedness of Supervision framework across AeJ Front Office through training programs, regular updates and targeted communication plan
• Ensuring associated regional policies and Front office procedures are continually reviewed and where necessary kept up to date
• Monitoring of key control indicators and dashboards to ensure relevant supervisors are adhering to supervision requirements and escalating issues to respective business leads, Legal/Compliance and Regional Head of GMCO, 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 GMCO, 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
• 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
• Post approval through Global Head of GMCO maintain a register with all regional deviations from the global minimum standard

2. Front Office Operational Risk Activities

• Coordinating Front Office 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, RCSA and Operational Risk Targeted 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. Internal Audit Issue Management

• Monitoring of on-going Global Markets Audit reviews engaging IA in constructive dialogue ahead of 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 remediation plans are created 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 AeJ 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

5. Regulatory Initiatives

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

6. People

• Developing the regional organisational model for implementation in Region to leverage risk & control managers at all levels of the Global Markets organisation and escalate any coverage issues involving scope or expertise
• Ensuring clear accountability and responsibility is expressed in job descriptions for Risk & Control
• Develop a regional communication plan in line with the global plan for the Head of Global Markets to foster and deepen the understanding of operational risk/culture across the Front Office
• Review appropriateness of supervisory hierarchies and escalate any issues

7. Reporting Lines

• This role reports to an Executive Director of the GMCO team in AEJ

Requirements

• Minimum a Bachelor degree from an accredited university

• Minimum of 3-5 years of experience in Equities Middle Office, Equities Trading OR Operational Risk Management with Equities coverage
• Minimum of 2 years of experience in regulatory and supervision standards and requirements
• Experience working with key risk indicators, performance metrics, and multiple data sets

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

Nomura Leadership Behaviours 

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).

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.

DISCLAIMER:  This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job.  The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time.    

                                                         Nomura is an Equal Opportunity Employer