Algorithmic Trading Model Risk Quantitative Analyst (Associate)

Nomura Holdings, Inc.; City of Westminster; On-site; GBP 60,000 - 90,000; Full time

Job summary

A global financial services group is seeking a skilled professional for Model Risk Management in the Algorithmic Trading Model Validation Group. Responsibilities include validating trading models, conducting model risk analysis, and designing management processes. The ideal candidate has a strong quantitative background and experience with scientific programming. This role promotes diversity and inclusivity within the workplace.

Qualifications

• Experience either as a Model Developer or Model Validator.
• Hands-on familiarity with Valuation Models is desirable.
• Having experience in Market Risk Analytics is a plus.

Responsibilities

• Conduct independent validation of Algorithmic Trading Models.
• Perform model risk analysis using advanced quantitative methods.
• Design Model Risk Management processes for Algorithmic Trading Models.

Skills

Quantitative environment experience

Scientific programming in Python

Data visualization in R

Optimization knowledge

Machine learning experience

Big data analysis

Excellent communication skills

Self-motivated work attitude

Education

Postgraduate degree in a quantitative discipline

PhD in a quantitative discipline

Tools

scikit-learn

tensorflow

Job description

Overview

Model Risk Management is a group within Risk Management headed by the Global Head of Model Risk responsible for: 1. Executing and maintaining an effective Model Risk management framework 2. Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite 3. Independently validating the integrity and comprehensiveness of the Models in the Firm. The firm is seeking to recruit a member of the Algorithmic Trading Model Validation Group. The successful candidate will have a strong quantitative background and will be responsible for the independent validation of Nomura's Algorithmic Trading Models across a wide variety of asset classes / business lines.

Responsibilities

• Independent Validation of Algorithmic Trading Models, including
• Assessment of conceptual soundness of Algorithmic Trading Models, including the integrity and suitability of Model parameters, and challenge or testing of assumptions
• Implementation testing & Benchmarking using Python or other programming languages
• Conduct Model Risk Analysis using advanced quantitative methods to identify, analyse and quantify Model Risk
• Monitoring and assessing the full model lifecycle for Algorithmic Trading Models
• Design and implementation of Model Risk Management processes for Algorithmic Trading Models
• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future
• Making strategic decisions, evaluate all options for resolving problems and effectively prioritize actions or recommendations
• Inspire entrepreneurship in people by communicating ideas effectively and motivating the team to enhance productivity
• Elevate organizational capability by promoting professional development and knowledge sharing
• Inclusion: respect DEI, foster psychological safety in the workplace, and cultivate a "Risk Culture" (Challenge, Escalate and Respect)

Right to Work and Diversity

The UK Government has taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. We can consider applications from overseas workers requiring a Tier 2 Skilled Worker visa if a genuine vacancy for a qualified role can be evidenced. Nomura is an equal opportunity employer. We value diversity and are committed to reflecting the diversity of the communities we serve, creating an inclusive environment for all employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

Qualifications

• A working experience in a quantitative environment either as a Model Developer or Model Validator
• A postgraduate degree in a quantitative discipline
• Experience in scientific programming & data visualization in R or Python and its libraries (e.g. scikit-learn, tensorflow)
• Practical knowledge of optimization, statistics and machine learning (e.g. classification, supervised and unsupervised learning)
• Hands-on experience with querying and analyzing big datasets, ideally high frequency tick data
• Excellent verbal & written communication skills in English and competent in delivering high-quality evidence-based reports
• Self-motivated work attitude and ability to deal with senior stakeholders
• Desirable: Familiarity with Valuation Models
• Hands-on experience in neural networks, NLP or Large Language Models
• Experience in Market Risk Analytics such as VaR/sVaR backtesting
• PhD (or equivalent) in a quantitative discipline

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