The Global Internal Audit department is a key part of Nomura's corporate governance and its primary objective is to review the firm's control environment and report any weaknesses identified to the Audit Committees and senior management
The Global Internal Audit department has 138 professionals reporting to the Global Head of Internal Audit for Wholesale, comprising business, risk and IT audit specialists.
The Department has a number of subject matter experts ("SMEs") with specialist teams for Risk, Finance, Legal/Compliance, IT Infrastructure and Data Integrity. With the retirement of the previous incumbent, EMEA Internal Audit is strengthening the team with a specialist to focus on effective Corporate Governance and the Legal and Compliance departments. In addition, this individual with perform the Regional Portfolio Director (RPD) role for Corporate Governance, Legal and Compliance, reporting functionally to the Global Portfolio Director for Legal and Compliance and regionally to the EMEA Chief Auditor.
The principal role of the Corporate Governance, Legal and Compliance RPD is to define and execute audits of corporate governance, legal and compliance processes across the EMEA Wholesale business. This role will work with other regional auditors and may also be involved in broader global audits. The key responsibilities include:
Contribute to the development and profile of Internal Audit as a member of the management team;
Attend certain Board and Executive sub-committees as an observer;
Plan and execute the audit coverage of the Legal and Compliance divisions together with legal entity governance including conduct and culture;
Keep current on any changes to Nomura's risk profile through carrying out an effective Continuous Monitoring of the assigned area of responsibility and establishing close contact with key stakeholders. This includes a quarterly formal report that opines on (1) Changes to the Audit Universe; (2) Changes to underlying risk assessments, and; (3) Changes to the Audit Plan;
Work closely with the global counterparts and other members of the EMEA audit function, he/she has the primary responsibility for risk assessing the auditable entities under his/her responsibility;
Define the scope of and execute audits covering corporate governance, Legal and Compliance;
Work with other audit teams such as Global Markets audit and Technology audit as needed;
Be actively involved in all the key phases of the audits, from agreeing the audit strategy and approving testing plans to completing and reviewing work-papers, producing draft reports and monitoring budgets and deadlines. Work with the relevant audit team to define an appropriate engagement model on individual product and functional audits;
Execute all audit work in accordance with Departmental Audit Methodology and documentation standards. Complete each audit within budget and deadlines;
Managing, motivating and coaching a small team, including a Legal and Compliance SME.
Be responsible for the effective follow up and closure verification of issues raised in audit reports; and
Carry out special projects, ad hoc investigations and advisory work, keeping the Head of EMEA Audit up to date on all key findings and emerging issues.
Key objectives critical to success:
Drive and carry out Internal Audit's vision and strategy, conforming with Nomura's highest ethical standards.
Deliver Audits/Projects within budget and timetable, in compliance with departmental standards and methodology
Identify and communicate changes to the control environment and revisions to the risk assessments and audit plan
Contributes to continuous improvements to Audit's methodology, organization and processes to maximize the department's impact
Build relationships at the most senior levels and communicate effectively with key stakeholders; and
Demonstrate leadership behaviours aligned to Nomura's culture.
Adhere to the regulatory requirements of Internal Audit;
Skills, experience, qualifications and knowledge required
Having been a key member of an audit function or of a management team in an Investment bank, the candidate should specifically have:
Detailed understanding of control standards and a proven ability to promptly identify the root causes and materiality of control issues;
Detailed understanding of current and upcoming regulatory and corporate governance requirements impacting investment banks, including but not limited to anti-money laundering, anti-bribery and corruption legislation, MiFID 2 and the UK Corporate Governance Code
Detailed working knowledge of governance, legal and compliance, ideally gained through practitioner experience;
Strong leadership, management and team building skills and an ability to work across teams;
A demonstrated ability to produce quality work at all times and to execute on multiple tasks;
Confident manner and well-developed communication (both oral and written), influencing, interpersonal and project management skills.
Minimum undergraduate degree in accounting, finance or a related field. Additional professional and audit certifications are desirable;
Ability to take on larger roles when needed;
Experience of operating as a key member an audit management team in an Investment bank; and
Ability to influence and persuade auditees regarding control issues resolution.