Head of Liquidity Stress Modelling (Executive Director)

Job title: Head of Liquidity Stress Modelling Corporate Title: Executive Director Department: Finance Location: 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: Treasury, as a department within the Finance division, operates across the four divisions of the Firm (Wholesale, Wealth Management, Investment Management and Banking) with responsibility for management of all aspects of liquidity and funding in accordance with Board-delegated mandate and regulatory liquidity requirements. The Treasury department comprises three core functions: Liquidity Management, Funding & Investments, and Treasury Data & Reporting. Within the Liquidity Management function, the Liquidity Stress Modelling team owns the global stress testing framework for all scenarios (LCR/NSFR, internal management, resolution planning); conducts model development, validation, and back-testing; leads regulatory engagement on methodology; informs the Funding Plan, FTP allocations, and ILAAP submissions Role description: Senior leadership role owning Nomura's global liquidity stress testing framework, covering all regulatory and internal scenarios. Primary regulatory interface on stress methodology and key advisor to Treasury leadership. Core Responsibilities Strategic Framework & Methodology • Own and enhance global liquidity stress testing framework across all scenarios • Define methodology and governance standards organization-wide • Drive innovation incorporating emerging risks and market lessons • Ensure alignment with regulatory requirements and business needs Model Development & Governance • Oversee development, validation, and back-testing of complex liquidity stress models across all asset classes • Maintain rigorous performance monitoring and review cycles • Ensure models meet internal and regulatory standards • Assess liquidity impacts for new products and initiatives Regulatory & Stakeholder Engagement • Primary subject matter expert for regulatory interactions and ILAAP submissions • Anticipate and interpret emerging regulatory expectations across jurisdictions • Present to senior management, Risk Committees, and Board • Partner with Regional Liquidity, Reporting, Funding, ALM, and FTP teams Team Leadership • Lead global team of ~7 specialists across London, New York, and Mumbai • Foster high-performance culture focused on analytical rigor and innovation • Build capabilities through training, knowledge sharing, and strategic hiring • Promote cross-regional collaboration and consistent methodology Business Partnership • Trusted advisor to Global Head of Liquidity Management on stress insights • Influence senior stakeholders across Finance, Risk, and Business • Translate complex analysis into strategic recommendations • Drive consensus on methodology changes FTP & Resource Optimization • Collaborate on liquidity-driven pricing allocations • Inform business decisions on product pricing and resource allocation • Optimize firm's liquidity resources through scenario planning Skills, experience, qualifications and knowledge required: • Deep experience in liquidity risk management at major financial institutions, including stress testing, modelling, regulatory frameworks (LCR, NSFR, ILAAP), and direct regulator engagement • Comprehensive understanding of Global Markets products and their liquidity risk characteristics, coupled with Funds Transfer Pricing mechanisms • Advanced skills in model development, validation, governance, back-testing, statistical modeling, and scenario analysis with large, complex datasets • Expert use of programming languages (Python, SQL, R) and visualization/analytics platforms (Tableau, Power BI, Alteryx) • Proven ability to inspire, develop, and manage high-performing teams across multiple geographies while delivering strategic initiatives in complex organizations • Exceptional skills in influencing senior leadership, building consensus across diverse groups, and managing relationships in matrix environments • Confident articulator of complex technical concepts to varied audiences (technical and non-technical) at all organizational levels, balancing long-term vision with near-term execution • Strong control mindset with meticulous attention to detail, accuracy, and ability to deliver under pressure while meeting tight regulatory and management deadlines • Intellectually curious with commitment to ongoing learning, innovation, and best practice adoption • Strong advocate for challenge, escalation, and respect; actively fosters robust risk culture within teams and broader organization • Bachelor's degree in Economics, Mathematics, Engineering, Finance, or equivalent quantitative field (Master's degree, CFA, or FRM preferred) Nomura competencies 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 • Respect DEI, foster a culture of psychological safety in the workplace