Risk Management– Market Risk FRTB – Analyst / Associate

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 :

Market Risk Management works to identify, monitor and control the firm’s exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies. Major activities involve daily analysis and interpretation of the results of risk sensitivities; validation of VaR, Incremental Risk Change, Economic Capital numbers and sign-off on the relevant Risk systems & preparation of risk reports for traders and senior business management. 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

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 / Associate

Functional Title : Analyst / Associate

Experience : 2- 5 years

Qualification :

Graduate / Post Graduate

Role & Responsibilities :

The role involves daily analysis and sign-off for FRTB PLA under the Global Rates products desk of Nomura as per the IMA FRTB framework. The key objective is to identify, analyse, and resolve discrepancies between Risk Theoretical P&L and Front Office Hypo P&L while ensuring ongoing compliance with regulatory back-testing requirements under the implemented IMA FRTB model. The role also includes supporting the transition of FX business to IMA framework through detailed analysis and issue resolution.

The role entails collaborating with Global cross-functional teams such as

Risk Methodology team and Product Level Risk Managers to identify issues / limitations / solutions in the valuation of different products

IT Team to identify system limitations and improvements

Market Risk Infrastructure Team to deploy the necessary changes in the risk valuation

Mind Set : Domain

Good knowledge of Financial Products (especially derivatives), Financial Markets, Economics

Understanding of risk sensitivities, VaR and economic capital

Background in a numerical discipline : engineering; math; science; etc.

Strong analytical, quantitative and technical abilities

Strong communication skills (oral and written)

Technical

Certification in CFA / FRM

Python for Finance

Knowledge of Power BI, Alteryx

Advanced Excel

Good knowledge of FRTB regulations

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).