What Jobs are available for Compliance Manager in Mumbai?

• Develop, implement, and maintain the company's enterprise-wide risk management framework.
• Ensure compliance with all relevant insurance regulations, laws, and industry standards.
• Conduct regular risk assessments, identify potential risks, and develop mitigation strategies.
• Design and implement internal controls to manage operational, financial, and compliance risks.
• Monitor regulatory changes and update policies and procedures accordingly.
• Oversee internal audit processes and remediation efforts.
• Develop and deliver risk and compliance training programs for employees.
• Investigate and resolve compliance breaches and ethical concerns.
• Liaise with regulatory bodies and external auditors.
• Prepare regular reports on risk and compliance status for senior management and the board.
• Promote a strong culture of risk awareness and ethical conduct throughout the organization.
• Manage a team of risk and compliance professionals, providing guidance and mentorship.
• Stay current with industry best practices and emerging risks in the insurance sector.
• Develop and manage the risk management budget.

• Master's degree in Finance, Law, Business Administration, or a related field.
• Professional certifications such as FRM, PRM, CCEP, or equivalent are highly desirable.
• Minimum of 8 years of experience in risk management and compliance, preferably within the insurance industry.
• In-depth knowledge of insurance regulations (e.g., IRDAI guidelines) and financial crime prevention.
• Strong understanding of various risk types (credit, market, operational, liquidity, strategic).
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional communication, presentation, and interpersonal skills.
• Proven experience in developing and implementing risk management frameworks and policies.
• Proficiency in risk management software and tools.
• Ability to work independently and manage multiple priorities in a remote setting.
• Demonstrated leadership capabilities and experience managing teams.
• High level of integrity and ethical standards.
• Ability to interpret complex legal and regulatory documents.

• Develop and implement robust Safety Management Systems (SMS) in accordance with national and international aviation standards.
• Oversee all aspects of aviation safety assurance, compliance monitoring, and risk management.
• Conduct regular safety audits, inspections, and risk assessments of operational processes and facilities.
• Lead and manage incident investigations, identifying root causes and implementing effective corrective and preventative actions.
• Develop and maintain safety-related policies, procedures, and documentation.
• Foster and promote a strong safety culture throughout the organization.
• Liaise with aviation regulatory authorities (e.g., DGCA) to ensure ongoing compliance.
• Analyze safety data to identify trends, hazards, and areas for improvement.
• Provide training and guidance to employees on safety regulations and procedures.
• Prepare regular reports on safety performance, compliance status, and risk mitigation efforts for senior management.

• Bachelor's degree in Aviation Management, Aerospace Engineering, Safety Management, or a related field.
• Minimum of 8 years of progressive experience in aviation safety management, compliance, or a related role.
• In-depth knowledge of aviation regulations (e.g., DGCA CARs, ICAO Annex 19), SMS principles, and safety assurance techniques.
• Proven experience in conducting risk assessments, incident investigations, and implementing corrective actions.
• Strong understanding of aircraft operations, maintenance, and air traffic control safety considerations.
• Demonstrated ability to lead safety initiatives and influence organizational culture.
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional communication, presentation, and interpersonal skills.
• Proficiency in safety management software and data analysis tools.
• Ability to work effectively and independently in a remote environment.

• Develop, implement, and manage the organization's Safety Management System (SMS) in accordance with ICAO Annex 19, EASA, FAA, and other relevant regulations.
• Establish and maintain comprehensive aviation safety policies, procedures, and guidelines.
• Conduct regular internal and external safety audits and inspections to identify compliance gaps and areas for improvement.
• Investigate safety incidents, accidents, and near misses, determining root causes and implementing corrective actions.
• Develop and deliver safety training programs to all levels of personnel.
• Monitor and analyze safety data, generating reports on key safety performance indicators (KPIs) and trends.
• Advise senior management on safety risks and recommend mitigation strategies.
• Ensure compliance with all regulatory requirements and maintain necessary safety certifications.
• Foster a proactive safety culture throughout the organization through effective communication and engagement.
• Manage safety-related documentation and records, ensuring accuracy and accessibility.
• Stay abreast of evolving aviation safety regulations, best practices, and technological advancements.
• Lead cross-functional safety committees and working groups.

• Bachelor's degree in Aviation Management, Aerospace Engineering, or a related field; Master's degree preferred.
• Minimum of 8 years of progressive experience in aviation safety management and compliance.
• In-depth knowledge of aviation regulations (ICAO, EASA, FAA, DGCA) and Safety Management Systems (SMS).
• Proven experience in conducting safety audits, risk assessments, and incident investigations.
• Strong leadership and team management skills, with the ability to influence stakeholders at all levels.
• Excellent analytical, problem-solving, and decision-making abilities.
• Exceptional written and verbal communication skills, with the ability to present complex information clearly.
• Proficiency in using safety management software and data analysis tools.
• Professional certifications such as ISAGO Auditor or equivalent are highly desirable.
• Ability to work independently and manage multiple priorities in a remote environment.

• Develop and implement the company's Safety Management System (SMS).
• Conduct regular safety audits, inspections, and risk assessments.
• Investigate aviation incidents and accidents, identifying root causes and recommending corrective actions.
• Ensure compliance with all national and international aviation safety regulations (e.g., DGCA, ICAO).
• Develop and deliver safety training programs to all levels of staff.
• Promote a proactive safety culture and encourage hazard reporting.
• Maintain safety-related documentation and records.
• Liaise with regulatory authorities and industry bodies on safety matters.
• Monitor industry safety trends and best practices, implementing relevant improvements.
• Prepare safety performance reports for senior management.

• Bachelor's degree in Aviation Management, Engineering, or a related field.
• Minimum of 7 years of experience in aviation safety management.
• In-depth knowledge of aviation regulations and safety standards.
• Experience in developing and implementing Safety Management Systems (SMS).
• Strong analytical and problem-solving skills, with experience in incident investigation.
• Excellent communication, leadership, and interpersonal skills.
• Ability to work independently and collaboratively in a dynamic environment.
• Relevant safety certifications (e.g., IATA Safety Auditor) are highly desirable.

Job Title: Compliance Testing Manager

Department: Compliance

Location: Mumbai

Reporting To: Senior Compliance Manager

Positions : 1

Job Purpose:

To ensure the bank's operations, products, and services comply with applicable regulatory requirements through structured compliance testing. The role involves planning, executing, and reporting on compliance testing activities, identifying gaps, and recommending corrective actions.

Key Responsibilities:

Compliance Testing Execution:

• Develop and implement the annual compliance testing plan.
• Conduct compliance reviews across business units, branches, and new products.
• Perform control testing to assess adherence to regulatory and internal standards.

Reporting & Documentation:

• Draft detailed testing reports with observations and management responses.
• Maintain MIS and dashboards for open issues, aging, and resolution timelines.
• Present findings to senior management and compliance committees.

Stakeholder Engagement:

• Collaborate with business units to ensure timely closure of compliance gaps.
• Guide teams on remediation plans and monitor progress.

Regulatory Monitoring:

• Stay updated on regulatory changes and assess their impact on testing scope.
• Support in updating testing methodologies and frameworks accordingly.

Team Collaboration:

• Work closely with various teams.
• Mentor junior compliance staff and support cross-functional initiatives.

Qualifications & Experience:

• Bachelor’s degree in Finance, Business Administration, or related field.
• 5–8 years of experience in compliance testing, auditing, or risk management within the banking sector.
• Strong understanding of RBI guidelines, AML/KYC norms, and other banking regulations.
• Professional certifications like CCEP, CRCM, or ICA (preferred).

Skills Required:

• Regulatory knowledge and interpretation
• Risk-based testing methodology
• Analytical and problem-solving skills
• Strong communication and report writing
• Stakeholder management
• Attention to detail and organizational skills

Preferred Attributes:

• Experience in IT/ISG compliance testing is a plus.
• Ability to work independently and manage multiple testing engagements.
• Proactive approach to identifying and mitigating compliance risks.

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 .

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 Risk Management Division encompasses the firm's comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firm's risk-return profile which ensures the efficient deployment of the firm's capital. It is one of the firm's core competencies and is independent of the trading areas and operational areas. The Risk Management Division in India comprises:

• Market Risk Management
• Credit Risk Management
• Model Risk Management
• Operational Risk Management
• Data Integrity Group

Department Overview: Model Risk Management

Within Nomura’s Risk Management division, Model Risk Management (MRM) is responsible for maintaining and executing the firm’s Model Risk Management Framework. With team members based across multiple global locations, MRM operates as a single, integrated function where all members contribute equally to projects. MRM is structured into two key areas: Model Validation and Model Governance. Model Governance manages the Model Risk Framework, Model Inventory, and Model Risk Reporting processes. The team also oversees supporting technology, develops and monitors risk and performance indicators, coordinates regulatory communications, drives cross-functional initiatives, designs policies and procedures, and carries out business management responsibilities for the function. Model Validation ensures the integrity and robustness of models across a wide range of areas, including Risk, Valuation, Algorithmic Trading, Finance, Compliance and Artificial Intelligence among others.

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: AVP/Senior Associate/Associate

Functional Title: Global Business Manager

Experience: 5 years+

Qualification: Strong University degree

Role & Responsibilities:

The Global Business Manager will play a central role in overseeing global operational activities and supporting the delivery of strategic initiatives within the Model Risk function. This role requires a proactive and solutions-oriented individual who can work across regions, collaborate with senior stakeholders, and manage both strategic projects and day-to-day business operations.

The successful candidate will be highly organised, detail-oriented, and able to challenge and influence senior stakeholders.

Business & Operational Management

• Act as the primary business manager for the Global Model Risk function, ensuring smooth delivery of day-to-day operations and execution of strategic priorities.
• Manage budgets, expenses, invoices, purchase orders, and vendor contracts (including due diligence, service-level reviews, vendor risk management and consultant onboarding).
• Support recruitment and talent processes by liaising with HR on job specifications, interview coordination, and pipeline management.
• Oversee onboarding for new joiners and contractors, ensuring system access, IT setup, and business integration.
• Maintain and update organisational charts and inter-departmental/Legal Entity SLAs, ensuring alignment and audit-readiness.
• Own and regularly update the department’s Business Continuity Plans (BCPs).

Governance & Risk

• Represent Model Risk in internal governance and risk forums (e.g. Risk Working Groups, Operational Risk & Control forums, Information Security/Framework discussions).
• Act as End User Computing (EUC) Coordinator for Model Risk, ensuring compliance with heightened standards, supporting adoption of new tools, and attending working groups.
• Coordinate and maintain the function’s Risk and Control Self-Assessment (RCSA) register, ensuring risks/controls are accurately captured.
• Liaise with Internal Audit (IA) and update systems (e.g., Connected Risk), ensuring timely responses to reviews.
• Support and prepare for internal/external audits, regulatory reviews, and other oversight functions.

Strategic & Project Delivery

• Support the Head of Model Risk Governance and the Head of Model Risk Management in designing, implementing, and optimising the Target Operating Model for Model Risk Management.
• Provide project management support across global initiatives, including resource allocation, milestone tracking, and executive reporting.
• Lead specific departmental initiatives (e.g., clean-up of legacy systems, email groups, confluence, streamlining of reporting obligations, efficiency improvements).
• Support decision-making through preparation of high-quality analysis, reporting, and presentations for senior management, regulators, and forums.
• Coordinate departmental contributions to wider firm initiatives (e.g., budget submissions, planning processes, regulatory requests).

Mind Set

• Strong background in business management, risk management, or financial services operations, preferably within a Model Risk or Risk Management function.
• Excellent communication and influencing skills, with experience engaging senior stakeholders, regulators, and cross-functional teams.
• Analytical mindset with the ability to prepare clear and impactful presentations and recommendations.
• Detail-oriented, proactive, and capable of identifying operational efficiencies and control enhancements.
• Knowledge of model risk processes, governance, or risk frameworks (desirable).
• Familiarity with audit, compliance, and regulatory engagement processes.

Technical

• Strong project management skills with the ability to deliver multiple initiatives simultaneously.
• Experience using Risk Management tools such as model inventory, RCSA etc

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.

*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).

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 .

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.

Division Overview:

The Risk Management Division encompasses the firm's comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firm's risk-return profile which ensures the efficient deployment of the firm's capital. It is one of the firm's core competencies and is independent of the trading areas and operational areas.

Business Unit Overview:

The Country Risk team is charged with protecting the firm from country events and with undertaking evidence-making analysis on big picture questions that drive superior risk/return. It is made up of economists, political scientists, data scientists and finance professionals brought together by our passion to understand the global environment and how it can business outcomes. We cover 120 countries, and the day-to-day questions we are trying to answer are always evolving.

Our team is full of self-starters who can tackle unstructured problems with independence. While we keep a big picture view, we are rigorous in our detailed approach. We analyse data from multiple dimensions, manage risk limits, develop policies and communicate often with other risk managers and business units. Ultimately, we want to understand how the world works so that we can take decisions that protects the firm from risks. The work we do is always applied and relevant to business objectives

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: Analyst

Functional Title: Senior Analyst

Experience: 3-5 years

Qualification: M aster in Economics/Political Science/Finance or other Relevant Discipline

Role & Responsibilities:

As a member of the team you will:

• Monitor economic, political, policy and regulatory trends to better anticipate changes in business environment that will affect Nomura
• Form and communicate relevant opinions through a variety of channels, including written pieces, data visualization and presentations
• Cover a portfolio of countries, sovereigns, sub-sovereigns and/or supranationals and make or recommend relevant risk decisions, including on limits, ratings and transactions
• Manage data integrity, risk reporting, portfolio metrics, risk framework ratios and risk-return measurement.
• Monitor and upkeep a risk portfolio, meeting internal and regulatory requirements while constantly improving processes
• Support the country risk team with data, organization etc.

Mind Set:

• Graduate in Economics, Political Science, Finance or other relevant discipline
• 3-5 years of experience in economic research/credit risk roles.
• Proficient in Microsoft Word, Excel and PowerPoint
• Entrepreneurial mind set, with an ability to be resourceful and streamline processes
• Strong analytical skills and flexible thinking across disciplines
• Ability to work independently and as a team member in an unstructured environment
• Excellent communication skills — able to communicate clearly and succinctly, both verbally and in writing
• Self-starter and has willingness to work hard and flexibly in a rewarding environment
• Post-graduate degree
• International experience and languages
• Applied research background
• Advanced data manipulation and visualization skills

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.

*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).

• Develop, validate, and implement quantitative models for market risk, credit risk, operational risk, and other financial risk areas.
• Perform complex data analysis and statistical modeling using programming languages such as Python, R, or C++.
• Contribute to the design and enhancement of risk management systems and platforms.
• Monitor and analyze market trends and economic factors affecting the institution's risk profile.
• Prepare detailed reports and presentations for senior management and regulatory bodies on risk exposures and mitigation strategies.
• Collaborate with front-office, trading, and compliance teams to ensure effective risk management practices.
• Stay abreast of regulatory changes and industry best practices in quantitative risk management.
• Conduct stress testing and scenario analysis to evaluate portfolio resilience.
• Mentor junior analysts and contribute to the team's technical development.
• Ensure the accuracy and integrity of risk data and model outputs.

• Master's or Ph.D. in Quantitative Finance, Financial Engineering, Mathematics, Statistics, Economics, or a related field.
• A minimum of 6 years of experience in quantitative analysis within the financial services industry, with a focus on risk management.
• Strong proficiency in programming languages (Python, R, C++) and data manipulation tools.
• Deep understanding of financial markets, derivatives, portfolio theory, and various risk measures (VaR, ES, etc.).
• Proven experience in model development, validation, and implementation.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication and interpersonal skills, with the ability to explain complex quantitative concepts to non-technical audiences.
• Familiarity with financial regulations (e.g., Basel Accords) and their implications for risk management.
• Experience with large datasets and database management is a plus.
• Ability to work independently and collaboratively in a fast-paced environment.