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Risk Management – Algo Trading – Vice President (VP)

Risk Management – Algo Trading – Vice President (VP)

NomuraMumbai, Maharashtra, India
1 day ago
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 :

Risk Management Division in Powai has the following functions – Credit risk, Market risk, Quant risk, Operational risk and Market Risk Middle Office.

Business Unit Overview :

Market Risk Management works to identify, monitor, and control the firm’s exposure to risk, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centres daily to help manage their market exposure, set & review risk strategies. Risk managers are also expected to re-engineer the risk reporting process and provide ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management / Trading Heads.

The Electronic and Algorithmic Trading (EAT) Risk Function sits within Market Risk and is responsible for operating the Firm’s Global EAT Risk governance framework. The function provides 2nd line oversight and challenge of electronic and algorithmic trading activity across all asset classes, viz. Rates, FX, Credit, Equities and F&O businesses. These businesses operate across all regions including Japan, Hong Kong, Singapore, Germany, the UK and the US.

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 9-15 years

Qualification B.Tech. / B.E. / MBA / CA / CFA / FRM

Requisition No. 11250

Role & Responsibilities :

Strategic Risk Management and Leadership

  • Ensuring comprehensive risk oversight of Electronic and Algorithmic Trading (EAT) activities
  • Execute strategic leadership and professional development of junior team members while ensuring comprehensive compliance with organizational requirements, fostering both individual growth trajectories and adherence to all local protocols
  • Foster and maintain effective cross-divisional and inter-regional stakeholder relationships
  • Lead India Electronic Trading Activities Risk Management
  • Review new and upcoming Electronic and Algorithmic Trading specific regulations. Support regions in performing gap analysis with the Firm’s Stakeholders to determine level of compliance, gaps, and remediation plans
  • Develop and implement comprehensive analytical frameworks, including Management Information (MI) dashboards, Key Risk Indicators (KRIs), and performance metrics to accurately represent operational conditions and facilitate data-driven decision-making
  • Operational Management

  • Develop, implement, and maintain global risk management frameworks, including associated processes, tools, and procedures
  • Oversee and direct Electronic Trading Activities within the India jurisdiction
  • Coordinate and facilitate Risk Committee and Forum proceedings, including preparation and presentation of critical documentation
  • Design and deliver comprehensive reporting frameworks, including :
  • Management Information (MI)
  • Key Risk Indicators (KRIs)
  • Analytics for Electronic Trading operations
  • Limit reports
  • Committee and Forums meeting materials
  • Compliance and Control

  • Orchestrate the annual control review / attestation process
  • Monitor and analyse emerging Electronic and Algorithmic Trading regulations
  • Lead regional compliance initiatives
  • Active involvement in day-to-day risk management of EAT activities
  • Local team management to ensure efficient delivery, local HR / Compliance requirements met
  • Engaging with stakeholders across divisions and regions
  • Develop and maintain global processes / tooling / procedures supporting risk frameworks
  • Provide support for running of Risk Committees, Forums and preparation of relevant meeting materials
  • Facilitate the annual control attestation process. The process involves understanding the process, controls and ensuring that the controls are adequate
  • Key Skills :

    Essential Skills and Experience

  • Demonstrated experience in team leadership and management
  • Proficiency in at least one of the following core domains :
  • Electronic and Algorithmic Trading Business / Risk / Compliance Management
  • Market Risk Limit Management (including implementation, modification, evaluation, and violation protocols)
  • Non-financial and Operational Risk Management (including Risk Control Self-Assessment, Operational Risk Event Management, and Risk Evaluation)
  • Technology Risk Management (including system architecture comprehension and associated risk factors)
  • Professional Capabilities

  • Superior stakeholder management and cross-functional collaboration abilities
  • Exceptional time management (project management) skills with proven capacity to manage concurrent priorities with demonstratable track record
  • Advanced written and verbal communication proficiency, with demonstrated ability to engage effectively across organizational hierarchies
  • Expertise in translating complex technical concepts for non-technical audiences
  • Demonstrated analytical objectivity and proven ability to independently identify and escalate risk exposures
  • Preferred Qualifications

  • Prior experience in IT Risk and Control, Algorithmic Trading Risk, Electronic Trading Support, or Electronic Trading Operational Risk
  • Comprehensive understanding of regulatory policies and compliance frameworks
  • Proven track record of successful collaboration with key stakeholders including Traders, Global Markets, IT, Compliance, Legal, Internal Audit, Risk Management, and senior business partners
  • 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).
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