FO Risk

Nomura Holdings, Inc.; Mumbai; On-site; INR 9,000,000 - 14,000,000; Full time

Job summary

Nomura Holdings, Inc. in Mumbai seeks a Vice President to lead the Prime Risk & Controls team across Asia/Europe/US. You will build automated risk controls framework and own end-to-end risk management.

The role requires 12-18 years in risk management, strong knowledge of equities, fixed income, and derivatives, and expert Excel. You will mentor the team and collaborate with IT and legal support.

Qualifications

• 12+ years of experience in Risk Management.
• Strong knowledge of Equities, Equity Derivatives, Fixed Income, and related products.
• Excellent interpersonal and communication skills.

Responsibilities

• Lead day-to-day activities of Mumbai Prime Risk & Controls functions supporting Asia/Europe/US.
• Develop automated risk controls framework and own end-to-end risk management process.
• Mentor and manage the team; coordinate with IT, Legal, Collateral and other support teams.

Skills

Leadership

Risk management

Communication

Education

Maths/Financial Maths/Engineering/OR/Statistics/CS

Tools

MS Excel

Job description

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Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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 across four international regions.

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:

Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent client relationships and technology.

Business Unit Overview:

Nomura’s Prime ServicesRisk team is first line of defence covering all aspects of risk management for the Prime Services business globally. This team works very closely with Prime business desk (front office) around the globe (NY, LN, HK).

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

Experience

12-18 years

Qualification

Degree/equivalent level qualification in Maths, Financial Maths, Engineering, Operational Research, Statistics, Computer Science or similar.

Role & Responsibilities:

• Lead the day-to-day activities of Mumbai Prime Risk & Controls functions supporting Asia/Europe/US.
• Spearhead the development of a comprehensive automated risk controls framework and eventually own the end-to-end risk management process for the business.
• Own and build a strategic Prime Risk and Analytics platform, collaborate with IT to provide requirements, drive approach and implementation.
• Set up framework for timely escalation for the controls suite to senior management; collaborate with Collateral, Legal, IT and other support teams to get issues resolved.
• Ensure that team runs daily checks on client setups, build reconciliations using data from reference data, trade booking and margin & collateral systems.
• Build, monitor and run daily control reports and dashboard to check day-over-day swings on key metrics.
• Write daily commentary on control breaks, exceptions and swings. Write client level commentaries, adhoc analysis and run what-if scenarios providing indicative margin levels.
• Run team calls and represent / explain control breaks and resolution.
• Mentor and manage the team.

Mind Set:

Mandatory

Domain

• Degree/equivalent level qualification gained in Maths, Financial Maths, Engineering, Operational Research, Statistics, Computer Science or similar.
• Minimum 12 years of experience in Risk Management.
• Strong knowledge of Equities, Equity Derivatives, Convertible Bonds, Fixed Income, Repo, and Futures and Options.
• Strong technical knowledge and understanding of risk management concepts such as VaR, stress testing, and scenario analysis.
• MS Excel to expert level.
• Excellent interpersonal and communication skills.
• Good general knowledge & understanding of current macro-economic trends.
• Ability to work independently, motivated to learn, and drive for success.
• Previous experience in Global Markets (Prime Brokerage, Equity Financing, Treasury or Risk management) preferred
• Further Financial Education e.g. FRM, CFA (Level 2), CAIA, etc.
• Knowledge of Prime Brokerage and/or financing businesses, and client motivations.

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).