Prudential Planning and FRM, Vice President

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    6 months ago

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Job title: Permanent, Prudential Planning and FRM

Corporate Title: Associate / VP

Department: Finance

Location: London

Department overview:

The Prudential Planning and FRM team is responsible for delivering key liquidity and capital planning initiatives for Nomura European Holdings (NEHS, the European consolidation group), primarily driven by UK and European regulatory requirements. The team ensures NEHS is adequately capitalised at all times as well as identifying any threats to the viability of the firm and helps the management identify appropriate actions. The team also supports and facilitates management of financial resources for the Wholesale business (Global Markets and Investment Banking Division). The team structure is lean and relatively flat, sitting within the Finance department in EMEA. The team spearheads the following:

  • Internal Capital Adequacy Assessment Process (ICAAP)
  • Individual Liquidity Adequacy Assessment Process (ILAAP)
  • Contingency Funding Planning
  • Recovery & Resolution Planning
  • Solvent Wind-Down (SWD) Planning
  • Financial Resources Management (FRM) working together with the Group FRM The firm is looking to recruit an individual at Associate / VP level to support execution of the FRP team's core responsibilities including:

Key objectives critical to success:

  • These initiatives have been at the top of regulator's agenda and therefore the Board's agenda in recent years. In particular, the ICAAP and ILAAP form the basis for assigning regulatory capital and liquidity buffers so is one of the key drivers for improving Return on Equity (RoE). We work closely with a range of teams across Finance, Risk and the Front Office to understand what would happen under various stress scenarios.
  • Delivery of key initiatives as listed above, in accordance with regulatory requirements
  • Internal policies, including documentation, implementation and monitoring of capital and liquidity controls, e.g. Risk Appetite limits and Early Warning Indicators (EWIs)
  • Preparation of regular Board and Management Committee reporting, coordinating senior management sign-off
  • Regulatory engagement, e.g. PRA / BoE Continuous Assessment materials, SREP and L-SREP
  • Ongoing monitoring of regulatory developments, engaging with industry forums/peers and responding to public consultations
  • Ad hoc capital and liquidity analyses, providing cross-team support as required

Skills, experience, qualifications and knowledge required:

  • Regulatory/financial services industry experience with a focus on prudential risk
  • Strong analytical skills, with an ability to analyse large volumes of data from different sources and draw relevant conclusions
  • Solid understanding of new and pending regulations, including their impact to firms
  • Prior experience of ICAAP / ILAAP and Contingency / Recovery Planning is desirable
  • A proven record of strong written and verbal communication skills with an ability to convey complex issues succinctly; Microsoft Word, PowerPoint and Excel proficient
  • A strong risk and controls mind-set with the confidence to provide challenge
  • Strong organisation skills, coordinating deliverables and people to tight timelines
  • Ability to operate in an environment with a high level of scrutiny and collaborate effectively with a wide range of internal/external stakeholders
  • Ability to work independently with minimal oversight and as part of a team
  • A proactive 'can do' attitude

Nomura competencies

Culture & Conduct

  • Contributes to desired culture
  • Aware of different values / styles
  • Maintains own and holds others to high standards of behaviour
  • Seeks to develop
  • Aware of impact of own strengths / weaknesses
  • Learns from experience

Client-Centricity & Business Acumen

  • Demonstrates understanding of current market
  • Anticipates client needs
  • Pays attention to detail, synthesizes accurately
  • Sees problems, recommends solutions

Strategy & Innovation

  • Articulates own contributions to divisional and firm-wide strategy
  • Embraces and balances new / differing ways of thinking / working
  • Makes decisions appropriate to their role, knows when and how to escalate
  • Knows when / how to compromise
  • Responds positively to changing needs and circumstances
  • Is able to change direction quickly

Leadership & Collaboration

Communication & Connectivity