RSK-New Business Group

Nomura Overview:

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment 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.

Department overview:

The New Business team is the gatekeeper of new combination of risks to Nomura. The team is responsible to ensure the implementation of new products and new transactions are reviewed in a multi-disciplinary manner and only worthwhile initiatives are considered for allocation of Nomura’s capital and resources. New Business team also gives focus to new activities which have a bearing on the reputation of the Nomura franchise.

The department has a global structure with team members located in multiple geographies, and a global lead each for products and transactions. The team rolls up to a global head based in Japan.

Role description:

The successful applicant will report to the Global Head of New Products based in Singapore, and will work closely with regional and cross regional stakeholders.

The New Business Group Risk Associate will be required to manage queries and approval requests for new products and business initiatives, including managing the approval workflow for infrastructure departments and senior management. Raising initial questions/comments on product proposal to business teams. Follow-up with stakeholders on caveats, conditions, post implementation reviews (PIR), etc.

Additionally, as required, the induvial will be required to support other critical tasks for the New Business Team including transaction committee approvals and project work.

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.

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.

Role & Responsibilities:

• Managing product approval process, often under pressure and to tight deadlines, ensuring approvals are correctly documented and records kept.
• Investigate and assess impact of queries raised by business and corporate partners from the perspective of impact on current approved scope and governance, ie additional approvals.
• Support various reporting requirements for monthly management meetings, updates of relevant Approved Product Lists, system testing and requirements, training, audit requests, etc
• Support project work for efficiency enhancement and scope enhancement; likely including activities related to data analysis, data extraction, requirement gathering, communication and presentation (powerpoint and excel)
• Coordination of committee meetings & logistics and minute taking as required

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  Providing cover when required for other members of the New Business team

Mind Set:

• Minimum of 5 years of experience in the banking sector
• Experience and understanding of banking products. Specific product knowledge in equity, FX, credit products will be helpful
• Good project management skills with expertise in dealing with a wide spectrum of stakeholders
• Ability to understand different risk types associated with product and service offering (legal, compliance, finance, operational)
• Demonstrate ability to run governance frameworks, enforce controls and communicate clearly across all levels of seniority
• Strong analytical and problem-solving skills
• Excellent communication and presentation skills
• Proficiency in Microsoft Office Suite
• Minimum Degree from an accredited University.