Trading Controls Associate

Nomura Holdings, inc.•New York, NY

8d•$120,000 - $130,000•Onsite

About The Position

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.

Requirements

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
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
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
Regulatory knowledge, awareness of the current global regulatory landscape and compliance requirements
Industry trends, knowledge of market developments and technological innovations
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

Responsibilities

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
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
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
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
Contribute to firm-wide programs and global middle office strategic initiatives supporting business initiatives