What Jobs are available for Director Of Compliance in Mumbai?
Showing 36 Director Of Compliance jobs in Mumbai
Risk Management - Model Risk Management - Global Business Manager
Posted 13 days ago
Job Viewed
Job Description
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).
Is this job a match or a miss?
Risk Management – Country Risk - Associate
Posted 13 days ago
Job Viewed
Job Description
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).
Is this job a match or a miss?
Senior Quantitative Analyst, Risk Management
Posted 1 day ago
Job Viewed
Job Description
Key Responsibilities:
- 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.
Is this job a match or a miss?
Senior Actuarial Analyst - Risk Management
Posted 2 days ago
Job Viewed
Job Description
Is this job a match or a miss?
Lead Actuarial Analyst - Risk Management
Posted 2 days ago
Job Viewed
Job Description
Responsibilities:
- Lead the development and validation of actuarial models for pricing, reserving, and capital management.
- Analyze insurance data to identify trends, assess risks, and recommend strategic actions.
- Collaborate with underwriting, product development, and finance teams to provide actuarial insights.
- Ensure compliance with all relevant industry regulations and reporting requirements.
- Mentor and guide junior actuarial staff, fostering their professional growth.
- Communicate complex actuarial findings to senior management and non-technical stakeholders.
- Develop and implement strategies for optimizing risk exposure and profitability.
- Contribute to the overall strategic planning and decision-making processes within the actuarial department.
Qualifications:
- Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Associate or Fellow of the Actuarial Society of India (ASI) or equivalent international credential.
- Minimum of 7 years of experience in the insurance industry, with a focus on actuarial analysis and risk management.
- Proficiency in actuarial software and statistical modeling tools (e.g., R, Python, SAS, Prophet).
- Strong understanding of insurance products, market dynamics, and regulatory frameworks.
- Exceptional analytical, problem-solving, and critical-thinking skills.
- Proven ability to lead teams and manage projects effectively.
- Excellent written and verbal communication skills.
This role is based in Mumbai, Maharashtra, IN , and offers a hybrid work model, balancing the benefits of in-office collaboration with remote flexibility. We are committed to fostering a dynamic and supportive work environment where your expertise will be highly valued and contribute directly to the company's success.
Is this job a match or a miss?
Senior Actuarial Analyst, Risk Management
Posted 2 days ago
Job Viewed
Job Description
Key Responsibilities:
- Develop, maintain, and enhance actuarial models for pricing, reserving, and financial forecasting.
- Conduct in-depth analysis of insurance data to identify trends, risks, and opportunities.
- Prepare detailed reports and presentations on actuarial findings for management and regulatory bodies.
- Collaborate with cross-functional teams to ensure accurate product pricing and effective risk management strategies.
- Stay abreast of industry developments, regulatory changes, and emerging actuarial techniques.
- Mentor junior analysts and contribute to the continuous improvement of actuarial processes.
- Ensure compliance with all relevant actuarial standards and company policies.
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- Minimum of 5 years of experience in the insurance industry, with a focus on actuarial analysis.
- Progress towards or completion of actuarial exams (e.g., Fellow of the Actuarial Society of India - FASI, or equivalent international designation).
- Proficiency in actuarial software (e.g., R, Python, SAS, Prophet) and database management.
- Excellent analytical, problem-solving, and critical thinking skills.
- Strong communication and interpersonal skills, with the ability to explain complex concepts clearly.
- Proven ability to work independently and manage multiple priorities in a remote work environment.
Is this job a match or a miss?
Lead Actuarial Analyst - Risk Management
Posted 2 days ago
Job Viewed
Job Description
Responsibilities:
- Develop, validate, and implement actuarial models for pricing, reserving, and capital management.
- Conduct thorough risk assessments and analyze the impact of various risk factors on the insurance portfolio.
- Perform statistical analyses and interpret data to identify trends and potential issues.
- Develop recommendations for risk mitigation strategies and product enhancements.
- Ensure compliance with regulatory requirements and industry best practices.
- Lead and mentor junior actuarial analysts, guiding their technical development and professional growth.
- Collaborate with underwriting, claims, finance, and IT departments to provide actuarial support.
- Prepare detailed actuarial reports and presentations for senior management and regulatory bodies.
- Stay abreast of developments in actuarial science, insurance regulations, and risk management techniques.
- Contribute to the development and enhancement of actuarial software and tools.
- Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- Associate or Fellow designation from a recognized actuarial society (e.g., IAI, SOA, CAS) is highly desirable.
- Minimum of 7-10 years of progressive experience in actuarial analysis within the insurance industry, with a strong emphasis on risk management.
- Proven expertise in pricing, reserving, and capital modeling.
- Strong knowledge of life, health, or general insurance products and regulations.
- Proficiency in actuarial software (e.g., Prophet, R, Python) and database management (SQL).
- Excellent analytical, problem-solving, and critical thinking skills.
- Strong leadership, communication, and interpersonal skills.
- Ability to manage multiple projects and meet tight deadlines.
- Experience with Solvency II or other relevant risk-based capital frameworks is a plus.
Is this job a match or a miss?
Be The First To Know
About the latest Director of compliance Jobs in Mumbai !
Senior Actuarial Analyst - Risk Management
Posted 2 days ago
Job Viewed
Job Description
Responsibilities:
- Perform complex actuarial analyses, including reserving, pricing, and financial modeling for various insurance products.
- Develop, implement, and maintain actuarial models to assess risk exposure and forecast financial outcomes.
- Analyze large datasets to identify trends, patterns, and potential risks, providing actionable insights to senior management.
- Collaborate with underwriting, product development, and finance teams to support business objectives and strategic planning.
- Ensure compliance with regulatory requirements and industry standards in all actuarial calculations and reporting.
- Prepare detailed reports and presentations for management, regulators, and other stakeholders.
- Stay current with advancements in actuarial science, software, and industry best practices.
- Contribute to the development and testing of new insurance products, ensuring their actuarial soundness.
- Mentor and guide junior actuarial staff, fostering their professional development.
- Evaluate the effectiveness of existing risk management strategies and recommend improvements.
- Assist in the annual statutory and GAAP reserving processes.
- Conduct experience studies to inform pricing and reserving assumptions.
Qualifications:
- Fellow of the Actuarial Society (FAS) or equivalent international designation, or significant progress towards achieving designation (e.g., Associate of the Actuarial Society - AAS).
- Minimum of 5 years of actuarial experience in the insurance industry, with a strong focus on life or general insurance.
- Proficiency in actuarial software such as Prophet, GGY Axis, or similar modeling tools.
- Advanced knowledge of statistical analysis, probability theory, and financial mathematics.
- Experience with data analysis tools and programming languages like SQL, R, or Python is highly desirable.
- Excellent analytical, problem-solving, and critical thinking skills.
- Strong written and verbal communication skills, with the ability to present complex information clearly and concisely.
- Proven ability to work independently and as part of a team.
- Experience with regulatory reporting requirements (e.g., IRDAI regulations) is a plus.
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
Our client offers a competitive salary, a comprehensive benefits package, and significant opportunities for professional growth and development within a dynamic and supportive environment.
Is this job a match or a miss?
Senior Actuarial Analyst - Risk Management
Posted 2 days ago
Job Viewed
Job Description
The Senior Actuarial Analyst will be responsible for conducting complex actuarial analyses to identify, measure, and manage various risks, including underwriting, pricing, and reserving risks. You will develop and maintain actuarial models, perform sensitivity analyses, and stress testing to evaluate the impact of different economic and market scenarios. This role requires a thorough understanding of insurance products, regulatory requirements, and industry best practices in risk management. Collaboration with underwriting, finance, and compliance teams will be essential to implement effective risk mitigation strategies.
Key duties include supporting regulatory filings, developing pricing strategies for new and existing products, and contributing to the setting of reserves. You will also be involved in the assessment of capital requirements and the optimization of reinsurance strategies. The ideal candidate possesses strong technical skills in actuarial software and programming languages (e.g., Python, R, SQL), excellent analytical and problem-solving abilities, and a deep understanding of statistical modeling and financial mathematics. As a fully remote position, exceptional self-discipline, effective communication, and proficiency in virtual collaboration tools are paramount for success. We value candidates who are proactive, detail-oriented, and committed to continuous professional development.
We are looking for a motivated individual eager to contribute to a dynamic insurance environment. This position offers the distinct advantage of remote work, providing flexibility while allowing you to engage in challenging projects that safeguard the financial health of our organization and support our growth objectives.
Responsibilities:
- Conduct actuarial analyses to assess and manage insurance risks.
- Develop, implement, and maintain actuarial models for pricing, reserving, and capital modeling.
- Perform sensitivity analysis and stress testing of financial models.
- Support regulatory filings and compliance requirements.
- Develop pricing strategies for insurance products.
- Contribute to the assessment of capital adequacy and reinsurance strategies.
- Collaborate with cross-functional teams on risk management initiatives.
- Prepare actuarial reports and present findings to management.
- Stay current with actuarial methodologies, regulations, and industry trends.
- Identify opportunities for process improvements in actuarial modeling and risk assessment.
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- Fellow of the Actuarial Society (FAS) or equivalent professional designation.
- Minimum of 7 years of experience in the insurance industry, with a focus on actuarial analysis and risk management.
- Proficiency in actuarial modeling software and programming languages (e.g., R, Python, SQL).
- Strong understanding of insurance products, regulations, and financial principles.
- Excellent analytical, quantitative, and problem-solving skills.
- Proven ability to work independently and effectively in a remote setting.
- Strong communication and presentation skills.
Is this job a match or a miss?
Senior Actuarial Analyst - Risk Management
Posted 2 days ago
Job Viewed
Job Description
Responsibilities:
- Develop, test, and implement actuarial models for pricing, reserving, and financial forecasting, focusing on risk assessment.
- Analyze insurance policy data to identify trends, quantify risks, and recommend appropriate risk management strategies.
- Collaborate with underwriting, product development, and finance teams to provide actuarial insights and support decision-making.
- Perform regular valuations and financial projections, ensuring accuracy and compliance with regulatory requirements.
- Stay updated on industry regulations, best practices, and emerging risks in the insurance sector.
- Prepare detailed actuarial reports and presentations for management, regulatory bodies, and other stakeholders.
- Conduct research on new actuarial techniques and methodologies, evaluating their potential application.
- Mentor and guide junior actuarial analysts, fostering their professional development.
- Identify opportunities for process improvements within the actuarial function.
- Ensure the integrity and accuracy of all actuarial data and calculations.
Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- Progress towards or completion of actuarial exams (e.g., FIA, SOA, CAS) is highly desirable.
- Minimum of 5 years of progressive experience in actuarial analysis, with a strong focus on risk management within the insurance industry.
- Proficiency in actuarial modeling software (e.g., Prophet, GGY Axis, R, Python) and database management tools.
- Strong understanding of insurance products, financial principles, and regulatory frameworks.
- Excellent analytical, quantitative, and problem-solving skills.
- Advanced proficiency in Microsoft Excel and data analysis techniques.
- Effective communication and presentation skills, with the ability to explain complex actuarial concepts to non-technical audiences.
- Proven ability to manage multiple projects and meet strict deadlines.
- Detail-oriented with a commitment to accuracy and quality.
Is this job a match or a miss?