Risk Management – Quantitative Risk Management (Research Model) - Model Validation

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.

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
• Risk Methodology
• Model Validation

Business Unit Overview :

Model Validation :

The Model Validation Group (MVG) is globally responsible for independently validating the integrity and comprehensiveness of models utilized in the firm’s business activities. MVG also develops measures of Model Risk, monitoring Model Risk vs. the firm’s Model Risk Appetite and escalates model approval breaches.

This position is primarily responsible for reviewing the models utilized in the Nomura Research Division (e.g., Economic Research and Quantitative Analytics team supporting the Investment Banking business). These models cover several critical areas, including :

Position Specifications :

Corporate Title : Analyst / Associate

Functional Title : Analyst / Senior Analyst / Associate / Senior Associate / AVP

Experience : 1-6 years

Qualification : Grad / PostGrad with a strong degree in quantitative / engineering domain or PGDM Finance

Role & Responsibilities :

Mind Set

Technical

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.