Project Manager - Model Risk at Nomura, London, £Contract Rate

Job title:         Project Manager – Model Risk - 12 months contract 

Department:  Chief Transformation Office

Job type:        CWR (Contract – PAYE)

Location:        One Angel Lane, London

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 

Department Overview:

The Chief Transformation Office (CTO) function is responsible for the delivery of change across the Nomura Group, working closely with the other Chief Corporate Officers in support of the business divisions to ensure we meet our regulatory and strategic long-term goals. Working in Risk transformation gives a great opportunity to understand Nomura Risk businesses, processes and domain. The team partners with business and technology functions to support implementation of various risk solutions. Successful candidates will work closely with other global Risk Officers, Analysts, Risk middle office, Risk Technology, Global Risk Transformation teams and other business functions to deliver various regulatory and strategic risk initiatives.  

Within Nomura’s Risk Management, Model Risk Management is responsible for the execution and maintenance of the Firm’s Model Risk management framework. The team takes a Global approach, with all members equally contributing to projects. The team has a presence in Tokyo, London, Powai, Singapore, Hong Kong, and New York. The Model Risk Management comprises Model Validation Teams and the Model Governance Team. 

Role description:

This is an exciting opportunity for a project manager to help Nomura deliver a strategic Model Risk project focussed on adopting the latest regulatory developments set by the PRA and JFSA.  The ideal candidate will be experienced in project management and have a good overall knowledge of risk management for a broker-dealer investment bank (model risk knowledge highly desirable). 

Critical to the success of the role will be: the ability to manage the complexity of a large global and cross-functional initiative; build and maintain strong stakeholder relationships; and demonstrate technical ability to get into the details of regulatory requirements and model risk processes.

Key activities include:

• Agreeing project scope including project deliverables and timelines with senior stakeholders and managing the project scope throughout the project lifecycle.
• Managing all resources that form part of the delivery team for the project(s), incorporating all resources and their activities into clearly stated defendable plan for the project(s). Supporting and mentoring team members to ensure delivery.
• Clearly defining success criteria for each stage of the project and ensuring successful completion of all tasks within the project plan on time and within budget. The overall project will be measured by adherence to delivering against a set of pre-agreed KPIs.
• Understanding and monitoring cross-project dependencies that may impact project delivery.
• Ensuring delivery of projects is in accordance with Nomura's project management governance protocols and standards.
• Effective stakeholder management relating to the project, ensuring through both day to day management, and in governance, that project status clearly articulated and timely in its delivery.
• Timely reporting of project status, issues, risks to various management team and governance forum as appropriate. Including issue escalation and resolution with portfolio lead and senior management
• Understanding the front to back risk business processes allowing for optimal requirements gathering and synergies between projects.
• Good communication skills and understanding of key Model Risk business processes to support presentation of complex topics to senior management.
• Interprets the regulatory requirements in conjunction with various Model Risk stakeholders to manage scoping of business requirements and delivery.
• Act as business gate keeper, control issues being raised to IT and work with the business to ensure issues are raised appropriately and are fully understood/agreed globally. 
• Works with Model Infrastructure Lead, BAs to ensure regulatory requirements are embedded into solutions through an understanding of requirements and functional specifications.
• Good team player who would be required to work closely with the global business, IT, BAs, QA and development team throughout project lifecycle.

Desired Skills and Experience:

• Previous work experience ideally in Risk management as a Project manager. 
• Knowledge of Model risk management strongly desired. This includes an understand of the model lifecycle process.
• Ability to understand and interpret regulatory texts as well as working with team in translating texts into business requirements.
• Exposure to various Devop tools (e.g. Confluence, JIRA) to manage project deliverables
• Ability to lead dedicated workstreams and manage multiple deliveries end to end concurrently
• Self-starter with excellent presentational, verbal and written communication skills with the ability to communicate at a range of levels within the organisation.
• Prior experience in Risk related project implementations and involvement in regulatory projects.
• Strong attention to detail, accuracy and timeliness of delivery.
• Detailed knowledge of all Microsoft Office products, i.e. Word, Excel, Project & Power Point
• Management of business analysis and project manager resources to deliver multiple projects/workstreams

Nomura competencies

Trusted Partner

• Understand clients’ needs and issues, and respond with high-quality proposals 
• Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner 

Entrepreneurial leadership 

• Produce new ideas that might challenge the status-quo or oneself

Teamwork 

Collaboration

• Seek advice from senior colleagues and utilize it for improved results 
• Collaborate with members from relevant departments 

Influence

• Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
• Serve as role model and provide guidance to junior employees

Integrity 

• Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly

Diversity Statement: 

Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation. If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.

Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment.  A member of staff will be happy to help.

Nomura is an Equal Opportunity Employer