Associate (Manager/AVP) - Compliance Testing

Nomura Overview:

Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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 .

Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations across four international regions.

At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.

Divisional Overview:

Powai LCC broadly covers the areas of Legal, Compliance and Conduct, and is responsible for building a robust risk and control framework. The Powai LCC teams support Nomura Powai entities, as well as LCC teams globally to ensure effective risk management of Legal, Compliance and Conduct related risks for the firm. Powai Legal comprises of the Corporate Legal and Transaction Legal functions, which provide advice and support on corporate, employment and transactional matters. The Offshore Legal team supports global teams on corporate and secretarial matters, Global Markets, and Masters documentation related requirements. Powai Compliance comprises of functions such as Core Compliance, Trade Surveillance, Electronic Communication Surveillance, Financial Crime Monitoring, Control Room & Disclosure Monitoring and Employee Compliance. The teams provide advisory and operations support to global / regional Compliance teams driven by global / regional policies and regulatory expectations.

Business Unit Overview:

The Nomura Services India Pvt. Ltd (NSIPL) Compliance division is responsible to manage & govern Compliance Risk framework along with managing the Conduct office for Powai region. This team works closely with all divisions towards driving a culture of Compliance & Conduct. NSIPL Compliance also provides offshore support to compliance functions across other regions such as EMEA, AEJ, Japan & Americas.

Powai Compliance Testing execution Team works closely with regional teams to implement & carry out control testing on various compliance themes. This is done as per practices & principles under the Nomura Global Minimum standards of Compliance Testing.

Position Specifications

Corporate Title : Associate ( Manager/AVP)

Experience : 10 – 12 Years

Qualification : Graduate / post-graduate

Role & Responsibilities:

Compliance Testing Specialist is responsible for evaluation & monitoring internal controls, policies & procedures to ensure the organization adheres to applicable regulatory and compliance requirements. This role involves conducting Compliance assessments, identifying risks and recommending corrective actions to mitigate potential violations. The role is a part of 2nd line control testing for respective regions such as EMEA, Americas, AEJ, Japan, Powai.

Key responsibilities include:

• Compliance Testing & Monitoring: o Conduct periodic risk-based control testing and reviews across various business areas & regions
• Evaluate policies, procedures & transactions, reports etc. by employing strong investigative techniques such as in-depth interviewing, inspection, observation and analysis to assess compliance key compliance risks, regulatory requirements, internal Compliance policies and effectiveness of key controls
• Identify gaps & recommend corrective actions to improve overall levels of compliance
• Reporting & Documentation: Prepare detailed reports on testing results, findings, and recommendations
• Maintain comprehensive documentation of compliance testing activities including approach of testing, evidence gathering etc. to further back the findings & exceptions that get reported
• Develop & document recommendations for actions to be taken by business towards mitigation of compliance risks
• Present findings to senior management & relevant compliance teams
• Track open issues & follow up for closure. This includes preparing appropriate management information
• Process Improvement: o Stay updated on relevant laws, regulations & industry standards o Work with stakeholders towards enhancing compliance practices o Collaborate with internal teams to improve control frameworks

Requirement

• 10 – 12 years of demonstrated experience in a Compliance and / or Control and / or Line of Defence (LoD) function, audit, risk management or related field preferably in the financial services industry
• Should have worked extensively on control testing and monitoring
• Strong knowledge of the Business Operational Risk Management Framework, Risk & Control Self-Assessment or Compliance Risk Assessment
• Proficiency in compliance testing methodologies & tools
• Strong communication & report-writing abilities
• Excellent analytical and problem-solving skills
• Good working knowledge of financial products and services
• Ability to work with multiple teams as well as to take independent ownership of assignments as a when required
• Minimum education requirement – bachelor’s degree preferably in finance & business
• Excellent communication and influencing skills, with a good understanding of Compliance and Regulatory requirements
• Good understanding of the Investment Banking business and the Financial Services regulatory environment
• Proven project management would be an added advantage
• Strong interpersonal and administrative skills, mature judgement, and high ethical standards
• Pro-active, with a mind set to drive efficiency

Nice to have

• Knowledge and understanding of Data Analytics tools and technologies
• Ability to identify issues and knowing when to escalate
• Self-starter, with an ability to multi-task
• Critical thinking, Conflict Management

Nomura Leadership Behaviours:

Leadership Behaviours Description

Element

Exploring Insights & Vision

Comprehensively analyse nature

of the problems we face and set our

focus toward the future vision

• Gather Intelligence
• Create a vision
• Identify an issue

Making Strategic Decisions

Analyse options and feasibility to resolve issues, in making

judgments and recommendations

• Identify countermeasures
• Assess feasibility
• Make a judgment

Inspiring Entrepreneurship in People

Promotes the vision and goals to others in such a way that inspires commitment and independent contributions

• Influence
• Inspire
• Commit

Elevating Organizational Capacity

Maximize organizational productivity through leadership development and

engagement

• Have an ownership in own development
• Support other‘s growth
• Encourage organizational growth

Inclusion

Respect diverse perspectives and

promote psychological safety

and the creation of a risky culture

• Foster psychological safety
• Encourage the active participation of all talents
• Foster a risk culture

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.

*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).