Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment 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
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 EMEA Internal Audit department comprising of Business, Risk and IT audit specialists is led by the Global Head of Internal Audit for Wholesale located in London. The Risk Audit function is a specialist audit team providing assurance over the controls within the Risk Management division.
The principal role of the EMEA Risk Audits: Experienced Risk Management VP is to define and execute risk based audit of the Risk Management functions across Nomura's Wholesale business. This role will work with other Risk auditors and will report to the EMEA Head of Risk Audits. Although the incumbent's responsibility will span across all risk audits such as credit, market, model and operational risks, Credit Risk knowledge is preferable.
A summary of the key responsibilities is set out below:
Define the scope of and execute assurance work over Risk audits regionally and globally, as required.
Working closely with the global counterparts, he/she has the primary responsibility for risk assessing the Risk Audit entities under his/her specific responsibility.
Remain current on any changes to Nomura's risk profile through continuously monitoring the assigned area of responsibility and establishing close contact with key risk 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.
Stay actively engaged in all phases of the risk audit, from agreeing the audit plan to approving testing plans, completing and reviewing work-papers, producing draft reports and monitoring budgets and deadlines.
Work with the Risk Audit team to define an appropriate engagement model on individual product audits - the front to back reviews for a particular business line.
Ensure all audit work is executed in accordance with Departmental Audit Methodology and documentation standards. Ensure that each audit is completed within budget (time and effort).
Be responsible for effective follow up and verifying raised in reports are closed.
Carry out special projects, ad hoc investigations and advisory work, keeping the Head of Risk Audit up to date on all key findings and emerging issues.
Objectives critical to success:
Carry out Internal Audit's vision and strategy conforming with Nomura's highest ethical standards
Identify and communicate changes to the control environment and revisions to the risk assessments and audit plan.
Deliver Audits/Projects within budget and timetable, in compliance with departmental standards and methodology
Adhere to the regulatory requirements of Internal Audit in the Risk Audits space
Communicate effectively with key stakeholders
Demonstrate leadership behaviours aligned to Nomura's culture
Skills and qualifications
Having been a key member of a risk audit function or part of a Risk Management team in an Investment Bank, the candidate should have many of the skills and qualifications listed below:
Subject matter expertise in risk management in general and a detailed knowledge of credit risk
Detailed understanding of control standards, best practice frameworks and a proven ability to promptly identify the root causes and materiality of control issues.
Detailed current understanding of regulatory requirements impacting Risk such as Basel.
Strong leadership, management and team building skills and an ability to work across teams.
Ability to execute on multiple tasks.
A demonstrated ability to produce quality work at all times.
Confident manner and well-developed communication (both verbal and written), influencing, interpersonal and project management skills
Accounting, Audit and /or Risk Management professional qualifications
Ability to take on larger roles when needed.
Ability to effectively discuss control issues with senior auditees.
Ability to lead the development of risk based audit plan under the audit methodology to assess the effectiveness of Nomura's Risk Management functions.
Ability to develop, manage and own the regional audit plan and assist auditors in other regions as needed
Experienced in forging internal relationships to drive change
Have previously managed effective working relationships with regulators
Possesses strong understanding of multi-jurisdictional regulatory environment and trends
Internal Number: 4820223
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