Risk and Control Vice President

Job Code: 14070 Country: SG City: Singapore Skill Category: Operations Description: Company 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

Job Title: Risk and Control Vice President

Corporate Title: Vice President

Division: Operations

Location: Singapore

Licensed Role: No

Department / Role Overview**:**

The Vice President of Risk and Control for Operations plays a critical role in maintaining and enhancing the operational risk management framework within the organization's operations division. This position is responsible for ensuring robust governance structures are embedded throughout operational processes while supporting the broader risk management objectives of the firm. The role requires close collaboration with various stakeholders to identify, assess, and mitigate operational risks while ensuring compliance with regulatory requirements and internal policies.

The successful candidate will work closely with regional leadership to execute risk management initiatives and contribute to the continuous improvement of the control framework. This role demands a professional who can balance detailed operational knowledge with strategic risk thinking, ensuring that day-to-day activities align with the organization's risk appetite and regulatory obligations.

Role Description:

• The Vice President will oversee the Risk and Control Self-Assessment (RCSA) process for Operations, ensuring that appropriate challenge is provided to preserve the integrity and purpose of the framework. This involves working closely with operational teams to identify potential risks, assess existing controls, and recommend enhancements where necessary. The role requires regular interaction with process owners to ensure that risk assessments are comprehensive, accurate, and reflect the current operational environment.
• A significant portion of the role involves engaging in discussions concerning the control framework with Internal and External Auditors. The Vice President will cooperate in the completion of audits, including SOX audits, and will be responsible for ensuring that audit findings are addressed appropriately and in a timely manner. This includes coordinating responses, implementing remediation plans, and monitoring the effectiveness of corrective actions.
• The position requires active management of relationships with Operational Risk Management (ORM), Internal and External Audits, Front Office Supervision (FOS), Business Managers, and other Control counterparts. This involves regular communication, coordination of risks, and ensuring alignment on risk management priorities and initiatives. The Vice President must be able to work effectively across different functions and levels of the organization.
• Oversight of Key Risk Indicator (KRI) breaks and exceptions forms another critical component of the role. The Vice President will periodically assess the impact of these indicators, challenge their relevance and effectiveness, and work with stakeholders to enhance the KRI framework. This includes analyzing trends, identifying emerging risks, and recommending adjustments to ensure the indicators remain fit for purpose.
• The role involves comprehensive analysis of incidents and events, performing impact and trend analysis to understand root causes and systemic issues. The Vice President will assess the strategic outlook of proposed actions