Regulatory Risk SME- CRDIV
Company overview
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 27,000 staff worldwide. Nomura’s unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, asset management, and wholesale (global markets and investment banking).
Department overview:
The Risk Department at Nomura is broadly organised according to the main risk classes; Risk Management (Market risk and credit exposure measurement), Investment Evaluation and Credit (Credit), and Operational Risk. The Risk Department provides senior management with an independent view of the principal risks taken by individual business units. Risk Management consist of four teams with each area head reporting to the overall Head of Risk - Model Validation; Credit Exposure Measurement; Market Risk and Market Risk Standards and Change. The risk profile of Nomura arises from trading in Equities, FX, Credit, Rates and Commodities and from cash as well as vanilla and structured derivatives.
Role description:
- Understand and interpret all international and PRA regulation relating to market risk and credit exposure models (VaR models, IRC, Stressed VaR, CRM and IMM).
- Provide guidance how to translate these regulations into workable solutions within Nomura.
- Keep up to date with new regulation, primarily market and credit risk, and analyse its impact on Nomura.
- Assist with the communication of all new risk regulations (in particular market risk and credit risk regulation) to the relevant interested parties in Nomura.
- Liaison with various department across the Firm for regulatory purposes
- Dealing with ad-hoc queries from risk managers, regulators and other departments
- Understand regulatory change that will/can impact Risk Management on an ongoing basis (this is broader than market risk and credit risk)
Key objectives critical to success:
- Successful translation of regulation into workable solutions
- Recognised as a SME by relevant stakeholders
- Proactively identifying the impact of regulatory changes
Skills, experience, qualifications and knowledge required:
- Degree and /or Post Graduate (a numerate degree would be an advantage)
- Good knowledge of financial products and risk methodology across all asset classes.
- Experience of working in the financial services industry.
- Experience in CAD2 or IMM application and interaction with the PRA or any other influential regulator and knowledge of the related regulation (e.g. the PRA’s Handbook, the BIPRU and GENPRU).
- Good knowledge of international banking regulation reform particular those initiatives and publications of the Basel Committee for Banking Supervision.
- Demonstrable ability and confidence to build relationships with the business at all levels.
- Strong communication both verbal and written
- Ability to interpret and articulate regulatory rules and requirements
- Able to work within tight deadlines
Successful candidates will be engaged under a contract for services by Resource Solutions.
Successful Candidates will not be employed by nor have any employment relationship with Nomura.
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.
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