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 www.nomura.com .
Nomura Services, India supports the group s global businesses. With worldclass 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 wellrecognized 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 firms comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firms riskreturn profile which ensures the efficient deployment of the firms capital. It is one of the firms core competencies and is independent of the trading areas and operational areas.
Business Unit Overview:
The Risk Methodologies Group (RMG) has the mandate to develop / enhance risk models in line with internal and regulatory requirements and to backtest VaR against Hypo and clean PnL. The methodologies side of the group has the critical task of owning all the risk models that are used for computing capital adequacy for the whole firm, and the backtesting group of adjusting and updating Hypo PnL using adjustments provided by various different systems. The group works extensively on the regulatory capital model, including the proposed regulation, fundamental review of trading book (FRTB).
Position Specifications:
Corporate Title
Associate
Functional Title
Associate (MPM Analytics)
Experience
3 5 years
Qualification
Master s in quantitative discipline (B.E / B. Tech+, M. Tech, MSc (Maths / Stats), Econometrics)
Requisition No.
10735
Role & Responsibilities:
- Analyse and review the back testing exceptions with Risk managers (RM) and Product control (PC) and highlight deficiencies (if any) in the model. This involves performing an indepth analysis to identify the drivers and subsequently work on remediating the model issues.
- Create strategic quantitative tools to facilitate monitoring of valuation functions level performance on F ull revaluation vs SpotVol Grid vs Spot only Ladder vs Greek Only approach.
- Work closely with the RM, Risk Change/IT , and PC on the project related to FRTB IMA (desk level PLAT and BT requirements)
- Working on various Regulatory and MVG (Model Validation Group) requirement, this includes modelrelated IMA Hypothetic Portfolio Exercise findings by doing indepth analysis followed by model remediation tasks.
- Work on various development projects including developing new or enhancing existing MPM tools.
- Act as a subject matter expert for the risk models including an understanding of FRTB guidelines and providing support to the model users (i.e. Risk managers) and be a key point of contact with respect to such models.
- Provide necessary support to team during validation of Market Risk FRTB models by MVG /Audit including any model change on an ongoing basis .
- Execute routine BAU tasks efficiently and accurately within the established framework and agreedupon SLAs.
- This role centres on producing timely and accurate reports. It requires strong attention to detail, the ability to work efficiently under pressure, and a commitment to maintaining high standards in a fastpaced financial environment.
- The role demands adaptability to changing market conditions, including the willingness to extend work hours during periods of market volatility. Candidates should be prepared to adjust their schedules as needed to meet critical deadlines and operational requirements
Mind Set:
Mandatory
Desired
Domain
- 35 years of experience in Market risk/Product Control/Model Validation with good understanding of risk modelling.
- Good understanding of programming and database languages such as Python (Non Negotiable), SQL and Visualization tools like Power BI .
- Strong inclination to work in a hybrid setup which involves model development along with managing BAU deliverables. Good understanding of Market Risk metrics, FRTB backtesting and PLA test.
- A strong Mathematical/Statistical background.
- FRM/PRM/CFA certification would be added advantage .
- FRTB IMA Implementation experience will be an added advantage.
- Good understanding of FX products (FX options, FX forwards, NDFs and FX swaps) and risk management processes around them.
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.
