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Financing Risk Analyst
Financing Risk AnalystNomura • Republic Of India, IN
Financing Risk Analyst

Financing Risk Analyst

Nomura • Republic Of India, IN
3 days 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 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 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
  • Risk Control function
  • Risk Data Management Office

Business Unit Overview :

Credit Risk Management operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk at Nomura includes :

  • Evaluation of likelihood that a counterparty defaults on its payments and obligations;
  • Assignment of internal ratings to all active counterparties;
  • Approval of extensions of credit and establishment of credit limits;
  • Measurement, monitoring and management of Nomura’s current and potential future credit exposures;
  • Setting credit terms in legal documentation, including margin terms;
  • and

  • Use of appropriate credit risk mitigants, including netting, collateral and hedging
  • Credit Risk Exposure Management (CEM) is a functional unit under Credit Risk Management (CRM) that aids in managing counterparty credit risk. It acts as a single service point to support Credit Risk BU and other functions on :

  • Required margin level and collateral composition for client trades and portfolios
  • Regulatory and Economic Credit Risk Capital analysis for different legal entities and portfolios
  • Portfolio concentration, liquidity and margin shortfall risk analysis
  • Credit Limit Management through analysis & validation of current and potential future exposure analysis
  • Position Specifications :

    Corporate Title : Associate

    Functional Title : Associate

    Experience : 3 to 5 years

    Qualification : MBA from a reputed institute / Masters in Financial Engineering / CA

    Role & Responsibilities :

  • Monitor & analyse client portfolios in terms of credit exposures (CE, PE, EE, etc.), risk profiles and margin levels and provide commentary on the drivers for the risk exposure and daily moves
  • Quantify and provide appropriate haircut levels for securities financing transactions, likewise calculate initial margin for all OTC trades with hedge funds and other clients.
  • Participate in margin methodology development, enhancement of existing margin models and their documentation
  • Manage risks for the firm’s portfolio of collateralized transactions through relevant portfolio analysis using different parameters such as credit risk metrics, VaR, stress & liquidation scenarios, etc. and its reporting.
  • Understand the rules & regulations of various regulatory bodies (such as JFSA, PRA, BaFin &, SEC) applicable for Regulatory Credit Risk Exposure & Capital calculations and ensure its correct implementation for the trade portfolios.
  • Work with various risk managers and other stakeholders to address their requests for additional analysis based on specific needs as they arise.
  • Automate / Simplify / Standardize risk management processes wherever possible to create efficiency and focus on risk analysis & mitigation strategies
  • Mind Set :

  • The individual requirements for the candidates for the roles would be clear understanding of vanilla derivative products such as Options, Forwards and Swaps regarding its trade economics, valuation and risk calculations, for at least one of the several asset classes – Rates, FX, Credit, Equities and Commodities.
  • Analytically inclined.
  • Sound technical knowledge and business understanding of some of the industry wide risk management concepts / practices such as Value at Risk, Potential Future Exposure, Stress testing, and scenario analysis.
  • Strong interpersonal skills, ability to articulate and confidently communicate to stakeholders.
  • 1-2 years work experience in Financial Markets (Prime Brokerage / Equity Financing, Derivatives Trading, Market & Counterparty Credit Risk management) is preferred
  • Excellent PC skills with competency in Microsoft Excel, Macros / VBA and Python
  • Self-starter and ability to multi-task under pressure and meet various deadlines
  • Strong team player and a quick learner
  • FRM / CFA level 1 or above preferred
  • 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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    Risk Analyst • Republic Of India, IN

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