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Job Title:Trading Controls Associate
Risk & Compliance
Job Title: Operations Trading Controls Associate
Corporate Title: Associate
Department: Operations
Location: New York, NY
The pay range for this position at commencement of employment is expected to be between $120K and $130K/year * (see below footnote for additional compensation and benefits information).
Company overview
Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.
Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com
Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors
Department Overview:
Nomura's newly established Global Trading Controls team operates within the Global Middle Office function, a core component of Global Operations. With a strategic presence across key financial centers in Asia, EMEA, India, Japan & the United States, Global Operations encompasses Global Middle Office, Client Services, Collateral Management, Shared Services, Regulatory Reporting and Wealth Management, delivering comprehensive and integrated operational support across the firm.
The Global Trading Controls team is responsible for the design, implementation and ongoing maintenance of critical regulatory and legal entity control frameworks for the business divisions. The team provides both strategic guidance and operational support for the firm’s global portfolio of control initiatives, ensuring robust governance and compliance frameworks are embedded throughout the organization.
Role Description:
This position reports directly to the Global Head of Trading Controls, based in London. The role holder will assume full responsibility and oversight for the US portfolio, with a primary focus on US regulatory controls and booking structure frameworks. The position will provide strategic business partnership and functional support to stakeholders across the region, ensuring alignment with global standards and engagement of appropriate stakeholders firm wide.
Key responsibilities:
Regulatory Interpretation & Control Design
- Work closely with Global Legal & Compliance teams to interpret and assess the impact of new regulation and changes to existing regulatory frameworks
- Design controls to embed within Nomura's control frameworks, leveraging knowledge of Nomura’s infrastructure and static data architecture
- Write detailed Business Requirements Documents (BRDs) for IT teams, ensuring clarity of requirements and obtaining sign-off from all relevant stakeholders globally
Control Implementation & Validation
- Co-ordinate the development, prioritization and implementation/ enhancement of key regulatory controls across front-to-back internal systems to ensure timely compliance with regulatory deadlines
- Serve as the liaison between business units, IT and accountable stakeholders, translating regulatory guidance, Nomura’s system infrastructure, product, counterparty and legal static into actionable specifications
- Manage dependencies, ensure relevant static is in place for validation and review rule validation steps
Testing & Quality Assurance
- Write comprehensive testing runbooks and co-ordinate global test cycle management, including test environment and static data configuration
- Review test evidence and ensure readiness for senior management approvals
- Engage with senior management globally for sign-off of requirements, runbooks and before release into production
- Analyse existing controls and regulatory rules to assess effectiveness against the regulation and enforce the annual attestation process
- Review exception data and drive enhancements to improve control effectiveness and drive efficiencies
Stakeholder Engagement & Governance
- Ensure regulatory changes and control operating models, including investigation and escalation procedures are communicated and understood across global stakeholders
- Attend regulatory and trading control forums, presenting initiatives, issues, and MI
- Respond to queries and escalations, conduct investigations into control issues, identify impacted trade populations and co-ordinate remediation
Strategic Contribution
- Contribute to firm-wide programs and global middle office strategic initiatives supporting business initiatives
Skills, experience, qualifications and knowledge required:
Leadership & Management Skills
- Strategic vision, ability to align middle office to function and business strategy
- Decision making and sound judgement, able to deliver direction in high-pressure situations
- Stakeholder management, ability to influence and collaborate across multiple functions helping to build and foster strong relationships
- Change management, proven ability leading organisational change and transformation initiatives
Technical Skills
- Product knowledge: basic/good product knowledge across Rates, Credit, Equities & FX with high level understanding of the various asset classes and products
- Operational expertise, expert knowledge of financial markets infrastructure, with a comprehensive knowledge of the trade lifecycle from execution through to settlement
- Risk management, strong control mindset, able to recognise operational risk challenges and mitigate through robust control framework design and implementation
- Technology, understanding of new digital tools and their ability to enhance existing controls, improving straight-through-processing
Business Acumen
- Regulatory knowledge, awareness of the current global regulatory landscape and compliance requirements
- Industry trends, knowledge of market developments and technological innovations
Experience
- Minimum 3+ years' experience in Financial Services
- Middle Office experience across multiple asset classes
- Proven track record of operational excellence
- Experience with industry, regulatory and/or firm change programs
Personal Attributes
- Strong analytical and complex problem-solving capabilities and keen eye for detail
- Excellent written and verbal communication skills across all organisational levels
- Collaborative approach with ability to work effectively across global teams, managing disagreements and finding pragmatic solutions
- Results-oriented mindset with focus on continuous improvement
- Adaptability to work in a fast-paced environment, able to consistently multi-task and prioritise effectively
Nomura Leadership Behaviors
- 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: Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
* base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired in the U.S., employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.
Nomura is an Equal Opportunity Employer