Business Operational Risk Management

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. 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. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. 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. The Risk Management Division encompasses the firm's comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firm's risk-return profile which ensures the efficient deployment of the firm's capital. The Risk Management Division in India comprises: Market Risk Management Credit Risk Management Model Risk Management Operational Risk Management Data Integrity Group Model Risk Management Within Nomura’s Risk Management division, Model Risk Management (MRM) is responsible for maintaining and executing the firm’s Model Risk Management Framework. With team members based across multiple global locations, MRM operates as a single, integrated function where all members contribute equally to projects. Model Governance manages the Model Risk Framework, Model Inventory, and Model Risk Reporting processes. The team also oversees supporting technology, develops and monitors risk and performance indicators, coordinates regulatory communications, drives cross-functional initiatives, designs policies and procedures, and carries out business management responsibilities for the function. Model Validation ensures the integrity and robustness of models across a wide range of areas, including Risk, Valuation, Algorithmic Trading, Finance, Compliance and Artificial Intelligence among others. Functional Title: Global Business Manager Experience: 5 years+ The Global Business Manager will play a central role in overseeing global operational activities and supporting the delivery of strategic initiatives within the Model Risk function. This role requires a proactive and solutions-oriented individual who can work across regions, collaborate with senior stakeholders, and manage both strategic projects and day-to-day business operations. Business & Operational Management Act as the primary business manager for the Global Model Risk function, ensuring smooth delivery of day-to-day operations and execution of strategic priorities. Manage budgets, expenses, invoices, purchase orders, and vendor contracts (including due diligence, service-level reviews, vendor risk management and consultant onboarding). Support recruitment and talent processes by liaising with HR on job specifications, interview coordination, and pipeline management. Oversee onboarding for new joiners and contractors, ensuring system access, IT setup, and business integration. Maintain and update organisational charts and inter-departmental/Legal Entity SLAs, ensuring alignment and audit-readiness. Own and regularly update the department’s Business Continuity Plans (BCPs). Governance & Risk Represent Model Risk in internal governance and risk forums (e.g. Risk Working Groups, Operational Risk & Control forums, Information Security/Framework discussions). Act as End User Computing (EUC) Coordinator for Model Risk, ensuring compliance with heightened standards, supporting adoption of new tools, and attending working groups. Coordinate and maintain the function’s Risk and Control Self-Assessment (RCSA) register, ensuring risks/controls are accurately captured. Liaise with Internal Audit (IA) and update systems (e.g., Connected Risk), ensuring timely responses to reviews. Support and prepare for internal/external audits, regulatory reviews, and other oversight functions. Strategic & Project Delivery Support the Head of Model Risk Governance and the Head of Model Risk Management in designing, implementing, and optimising the Target Operating Model for Model Risk Management. Provide project management support across global initiatives, including resource allocation, milestone tracking, and executive reporting. Support decision-making through preparation of high-quality analysis, reporting, and presentations for senior management, regulators, and forums. budget submissions, planning processes, regulatory requests). Strong background in business management, risk management, or financial services operations, preferably within a Model Risk or Risk Management function. Excellent communication and influencing skills, with experience engaging senior stakeholders, regulators, and cross-functional teams. Knowledge of model risk processes, governance, or risk frameworks (desirable). Familiarity with audit, compliance, and regulatory engagement processes. Strong project management skills with the ability to deliver multiple initiatives simultaneously. Experience using Risk Management tools such as model inventory, RCSA etc We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age. *The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates. *The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).