Finance - Control & Oversight - Associate

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.

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.

Divisional Overview:

The Corporate Finance team performs global and seamless finance operations including trading and product control, Group financial reporting and disclosure, management information and reporting for decision support, planning and development of financial strategy including funding policies and financial analysis, funding and cash management, tax planning and reporting, investor relations management, and much more.

Business Overview:

The Finance Control & Oversight (Risk and Control) function plays a pivotal role in supporting the management at Nomura by providing independent Quality Assurance services to ensure improvement of Risk environments and strengthening of Controls globally (Japan, AeJ, EMEA & US Regions) both within & outside Finance function. Operating as a specialized control function within Finance (1.5 line), the team conducts independent reviews, monitors control effectiveness, and drives process improvements through various quality assurance activities. The function serves as a crucial link between business operations and control functions, helping to identify and mitigate risks while ensuring the integrity of financial processes and reporting.

What We Offer:

We support employee wellbeing by ensuring a sense of purpose and belonging.
We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
Our bespoke benefits support employees and their family's holistic wellbeing and are inclusive of diverse identities and family structures.

Position Specifications:

Corporate Title

Associate

Functional Title

Manager

Experience

5 – 8 years

Qualification

(CA / CFA / MBA (from reputed institute) with relevant financial markets experience

Role & Responsibilities:

Core Responsibilities:

Strategic Control & Risk Management

Execute comprehensive Quality Assurance reviews of critical financial processes including:

-Complex Balance Sheet Account Attestations

-Multi-entity Intercompany Trade Reconciliations

-High-risk End User Computing Applications

Design and implement risk-based testing approaches for regulatory reporting validations
Develop and monitor sophisticated KRI/KPI frameworks to identify emerging risks
Lead RCSA initiatives and challenge control effectiveness assessments

Governance & Oversight

Orchestrate global control framework implementation across multiple jurisdictions
Evaluate and enhance control design for critical finance processes
Drive remediation of control gaps identified through various channels (Audit, Regulatory Reviews, Internal Assessments)
Ensure data integrity and security protocols across finance systems and processes
Conduct deep-dive investigations into control breaches and systemic issues

Stakeholder & Project Management

Present complex control matters to senior management and governance committees
Coordinate cross-functional initiatives with Internal Audit, Operational Risk, and Technology teams
Drive implementation of control automation and transformation projects
Manage relationships with external auditors and regulatory examiners
Lead global working groups for standardization of control processes

Mind Set:

Mandatory

Strong understanding of Investment Banking operations
Expertise in financial accounting and reporting
Knowledge of regulatory requirements and reporting
Experience in control testing and risk assessment
Understanding of RCSA framework
Balance sheet reconciliation experience
Advanced Excel skills
Experience with financial control systems
Knowledge of account verification systems
Report writing and documentation skills
Data analysis capabilities

Desired

Previous experience in Big 4 or top-tier banks
Knowledge of global banking regulations
Experience in transformation projects
Understanding of IT controls and EUC risk management
Automation tools knowledge (RPA)
Data visualization tools (Tableau/Power BI)
Basic / Intermediate / Advanced programming skills with at least one programming language
Knowledge of control monitoring tools

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