Job Description

Corporate Title: Associate

Department: Internal Audit

Location: New York, NY

The pay range for this position at commencement of employment is expected to be between $110K and $130K/year* (see below footnote for additional compensation and benefits information).

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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

Aon’s Benefit Index ®, Nomura’s benefits rank #1 amongst our competitors

Department Overview:

Nomura's Global Internal Audit Division provides independent assurance to senior management and the Board, reinforcing the firm's sound risk culture and control environment. We operate across major financial centers and collaborate closely with the First and Second Lines of Defense to evaluate and enhance governance, risk management, and regulatory compliance.

The Internal Auditor Associate – Credit & Market Risk acts as the functional Subject Matter Expert (SME) for assessing the Second Line of Defense (2LoD) oversight of market risks within Nomura's Global Markets businesses.

The auditor will evaluate how Credit & Market Risk functions identify, measure, monitor, and report risk exposures, and how risk appetite frameworks translate across asset classes, products and regions. This role focuses exclusively on market risk management audits—model validation and valuation control reviews are handled by separate specialized audit functions. However, familiarity with how models and valuation processes feed into market risk frameworks is expected to ensure effective collaboration with Nomura's Model Risk and Valuation audit SMEs. Familiarity with FRTB and other market risk capitalization frameworks also important for collaboration with-in audit and understanding the materiality of issues raised.

This is a hands-on, analytical role suited to professionals who combine regulatory and product knowledge with a quantitative mindset, advanced analytics capabilities, and strong stakeholder engagement skills.

Areas of responsibility:

• Define the scope of and execute assurance work over Wholesale Credit Risk audits regionally and globally, as required.
• Working closely with the global counterparts, assist in risk assessing the Credit Risk Audit entities under his/her specific responsibility.
• Remain current on any changes to Nomura’s risk profile through continuously monitoring the assigned area of responsibility and establishing close contact with key risk stakeholders. This includes a quarterly formal report that opines on (1) Changes to the Audit Universe; (2) Changes to underlying risk assessments, and; (3) Changes to the Audit Plan.
• Stay actively engaged in all phases of the risk audit, from agreeing the audit plan to approving testing plans, completing and reviewing work-papers, producing draft reports and monitoring budgets and deadlines.
• Participate in other functional audits such as market, credit, liquidity and operational risks.
• Work with the Credit Risk Audit team to define an appropriate engagement model on individual product audits - the front to back reviews for a particular business line.
• Ensure all audit work is executed in accordance with Departmental Audit Methodology and documentation standards. Ensure that each audit is completed within budget (time and effort).
• Be responsible for effective follow up and verifying raised in reports are closed.
• Carry out special projects, ad hoc investigations and advisory work, keeping the Head of Risk Audit up to date on all key findings and emerging issues.
• Developing and implementing data analytics and automated testing to identify internal control weaknesses during internal audit reviews and continuous auditing

Skills, experience, qualifications and knowledge required:

• Min of 4 years of experience in Credit/Market Risk Management and/or Credit/Market Risk Audit experience in a major Investment Bank
• Expertise in credit risk management in general, and a detailed knowledge of credit risk processes, including credit risk underwriting and sanctioning, counterparty credit risk management, wholesale credit risk governance, relevant regulatory requirements etc.
• Appreciation of Market and other risk management processes
• A bachelor’s degree in quantitative sciences, Business, Finance, or Risk Management, supported by work experience as a risk manager or a Risk Management auditor in a financial services firm, Consulting firm or Big 4 firm
• Accounting, Audit and /or Risk Management professional qualifications is a plus
• Detailed current understanding of regulatory requirements impacting Risk such as Basel.
• Leadership skills and an ability to work across teams.
• Confident manner and well-developed communication (both verbal and written), influencing, interpersonal and project management skills
• Ability to effectively discuss control issues with senior auditees.
• Ability to lead the development of risk based audit plan under the audit methodology to assess the effectiveness of Nomura’s Risk Management functions.

Nomura Leadership Behaviors

Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

• Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.

Nomura is an Equal Opportunity Employer