Risk Management

Nomura Holdings, Inc.; Mumbai; On-site; INR 3,500,000 - 6,500,000; Full time

Job summary

Nomura India is seeking an experienced Business Analyst in the Risk Management division to support Counterparty Credit Risk change initiatives. The role requires 8–12 years of relevant experience and independent delivery of mid-to-large projects across SQL, data flows and operating models.

You will collaborate with Technology, Risk Management, Risk Middle Office and Front Office to optimize processes, prepare BRDs, functional specs, and testing artefacts, and ensure governance adherence.

Qualifications

• Strong understanding of capital market products and derivatives across asset classes.
• Excellent stakeholder management skills, particularly with senior colleagues and SMEs.
• Skilled in performing data analysis and understanding data models for computation of risk measures.
• Experience in end-to-end delivery lifecycle (SDLC) in risk management projects.
• Ability to operate in both agile and waterfall project methodologies.

Responsibilities

• Business Analyst with 8 to 12 years of relevant experience in the Risk Management domain, particularly Counterparty Credit Risk.
• Collaborate with local and regional stakeholders to deliver project book of work.
• Prepare business analysis documents such as BRD, functional specs and data matrices.
• Develop process flows and operating model documents with project stakeholders and IT.
• Lead test management activities including test strategy, UAT, and test planning.
• Plan delivery milestones (L0/L1) and prepare project reports highlighting risks and mitigations.
• Assist stakeholders with tactical and strategic requirements and services.
• Coordinate with Technology, Risk Management, Risk Middle Office, and Front Office for delivery enhancements.

Skills

Business Analysis

Stakeholder Management

Data Analysis

Process Flows

Documentation

Education

MBA

FRM

CFA

CQF

Tools

SQL

Excel

Visio

PowerPoint

Job description

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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.

Business Unit Overview

The Risk Business Analysis (RBA) unit consists of business analysts allocated to global Risk investment spend projects across Credit Risk and Market Risk Change initiatives. The team works on requirements gathering, testing and documentation for regulatory compliance and transformational risk management initiatives. They analyse complex risk data flows, computation logic, and business processes to develop robust solutions aligned with the target state risk management capabilities. They execute projects in adherence with the Nomura governance standards delivering well defined business outcomes.

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

Associate (Functional Title - AVP)

Experience

8-12 years

Role & Responsibilities

• Business Analyst with 8 to 12 years of relevant experience in the Risk Management domain, particularly Counterparty Credit Risk.
• Working as a business analyst in Credit Risk Change projects who could collaborate with local and regional stakeholders to deliver on the project book of work.
• Independently manage medium to large projects through the lifecycle and prepare business analysis documents proficiently (business requirement documents, functional specifications, data matrix, workflow diagrams etc.)
• Preparing process flow and operating model documents by collaborating regularly with the project business stakeholders, IT and other counterparts to lay out the data flow and the BAU operating model documents, including the RACI matrix.
• Run test management processes for medium to large scale projects (Test Strategy/Approach documentation, managing User Acceptance Testing, building test plans and test scenarios, building implementation plans.)
• Ability to plan the project delivery milestones (L0/L1 planning) and prepare project reports (weekly project update, monthly status update, highlighting risks, issues and their mitigation steps)
• Assist stakeholder businesses with their tactical/strategic solution requirements, services and/or program.
• Must be able to work with Technology, Risk Management, Risk Middle Office, and Front Office to identify and maximize opportunities that help in delivery of projects and to improve product, service and program business processes.
• Must have the ability to work with a team, learn and train people on various subjects, structure the project governance model and work together with regional counterparts to devise induction framework for all the resources entering the project.
• This doesn’t require deep technical python skills or EEPE calculation skills but does require someone who has supporting complex credit processes and operating model design and enhancements. This work cannot be easily done by a junior and so we need someone with strong experience as a BA who has supported technical and strategic CCR projects.

Requirements

Mandatory

• Strong understanding of capital market products and derivatives across asset classes.
• Good educational pedigree and domain certifications (MBA, FRM, CFA, CQF etc.)
• Strong experience of working independently on business process flows and operating model documents in the Risk Management function.
• Excellent stakeholder management skills, particularly to work with senior colleagues and SMEs.
• Skilled in performing data analysis and understanding data models for computation of risk measures.
• Flexibility – adapts effectively to changing plans, domains and priorities; Is open and flexible when faced with changing project constraints.
• Ability to operate in both agile and waterfall style project methodologies and understand deliverables required for each methodology
• Attention to detail and high-quality standards of documentation, processes and control environment
• Experience in the full E2E systems delivery lifecycle (SDLC)
• Detailed knowledge of all Microsoft Office products, i.e. Word, Excel, Power Point, Project and Visio
• Excellent communication, organization, prioritisation and documentation skills
• Deals comfortably with ambiguity – Stays on target to complete goals regardless of obstacles or adverse circumstances.
• Rigorous follow ups through on all commitments to achieve results.
• Proficiency in database, virtualization and BI solutions – SQL etc.
• Good understanding of the Basel norms, particularly the capital requirements for Credit and CVA risks
• Good knowledge of the Counterparty Credit Risk domain with project experience in areas like computation of risk measures/exposures (PD, LGD, EAD, PFE, EEPE, VaR, RWA etc.), management of risk limits, risk reporting etc.
• Ability to leverage AI tools in optimising delivery efficiency
• Excellent and demonstrable understanding of "best practice" approaches to functional testing especially User Acceptance Testing.
• Ability to identify any inefficiencies in processes and suggest ideas for automation and/or operating model changes.

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).