RSK-Risk Methodology Group

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 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 that 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:

Credit Risk Analytics (CRA) group develops the quantitative methodologies used to measure counterparty credit risk; provides analyses and consultation on credit risk quantification, participates in global efforts on modelling credit risk exposure.

This team is responsible for the enhancement and methodological support of PRISM, the global counterparty credit exposure measurement system, to accommodate new business needs and maintain compliance with major regulatory standards, including SEC/NFA, PRA, and J-FSA. The team works to support business and risk managers on live structured derivatives transactions and handles various regulatory requirements including backtesting, Model Performance Monitoring (MPM), stress testing, model reviews, calibration, User Acceptance Testing, and documentation of models.

 

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	Vice President
Functional Title	Vice President
Experience	10+ years
Qualification	Masters in Quantitative discipline (B.E/B. Tech+, M. Tech, MSc (Maths/Stats), Econometrics)
Requisition No.

 

 

 

The group has a vacancy for a Vice President in the Mumbai office; the role is a permanent position.

 

Role & Responsibilities:

 

To be a technical lead for the Mumbai CRA team focusing on OTC derivatives model development related work. Help the team understand Quant framework and to enable them to apply theory to practice. Provide analyses and consultation on credit risk quantification. Participate in global efforts on modeling credit risk exposure. Work closely with global development teams on implementation of models and systems Implementation of risk models into strategic risk system (this includes developing methodology, building prototype, writing technical business requirement document, performing model testing, ensure compliance with regulatory requirements and liaising with model validation group). To work on various regulatory requirements, Model performance reviews, Calibration, and to work on ad-hoc risk models as per business requirements.

 

 

Key Skills:

 

Mandatory

Domain

Competitive knowledge of Derivatives product, Derivatives pricing theory including underlying Stochastic Calculus, Counterparty exposure concepts, Regulatory regimes. 10+ years of experience working within FO/risk methodology/model validation areas preferably as a model developer Understanding of source code version control using Git and hands-on experience of writing unit test Masters/PhD in a quantitative discipline Strong command over Python and MS-Excel/ VBA Strong verbal skills and ability of scientific writing for model and testing documentation Delivery focussed with the ability to work well under pressure and meet deadlines under compressed timescales Organisational skills, multi-tasking and detail oriented

 

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).