RSK-Credit Risk

Nomura Holdings, Inc.; Mumbai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Nomura Holdings, Inc. in Mumbai is seeking an Associate for the Risk Management Division to support on-shore credit and portfolio risk analysts in daily risk management activities such as credit checks, haircut/margin allocation, portfolio monitoring and risk reports.

You will participate in system change initiatives, ensure system readiness, and assist with UAT testing and process improvements while coordinating with stakeholders across the business.

Qualifications

• BTech/MBA/Masters in Financial Engineering from a reputed institute (accredited university).
• 3-7 years of experience in Financial Markets / Wealth Management or related fields.
• Strong understanding of financial products across asset classes and risk sensitivities.

Responsibilities

• Support on-shore credit and portfolio risk analysts in daily risk management activities (credit checks, allocating haircut/margin, portfolio monitoring, risk reports).
• Participate in system change initiatives and working groups; ensure system readiness across the risk framework; review business requirement docs.
• UAT testing for projects; identify opportunities to streamline processes and increase efficiency; update operational procedures.

Skills

Communication skills

Interpersonal skills

Multi-tasking

Team player

Self-starter

Stakeholder management

Education

BTech / MBA / Masters in Financial Engineering

Tools

Excel

Macros/VBA

Bloomberg

Tableau/Power BI

Python

SQL

Business Objects

Avaloq

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.

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:

Business Overview:

International Wealth Management (“IWM”) is the business entity of Nomura Group that is focused on private banking business. IWM Risk Management seeks to effectively engage with all key stakeholders in the risk management process which includes Credit Risk, Portfolio Risk, Operational Risk, Risk Methodology and New Business covering the International Wealth Management Business.

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

Experience

3-7 years

Qualification

BTech/ MBA/ Masters in Financial Engineering from a reputed institute (accredited university)

Role & Responsibilities:

• Support the on-shore credit and portfolio risk analysts in daily risk management activities such as credit checks, allocating haircut / margin, portfolio monitoring and producing risk reports.
• Participate in system change initiatives and working groups, ensure system readiness across the risk framework, review business requirement documents.
• UAT testing for projects in the pipeline, and any ad hoc initiatives.
• Identify opportunities to streamline processes and increase operational efficiency.
• Updating operational procedures within department.
• Ensure system readiness across the risk framework

Mind Set:

Mandatory

Domain

• Good understanding of financial products across different asset class (Bonds, Equities, Convertible Bonds, FX & IR Derivatives, Repos and Futures & Options), its valuation and risk sensitivities.
• Well-versed with credit risk and market risk fundamentals – able to analyse and explain the financial risk (market risk, credit risk, liquidity, WWR) in trades and associated collaterals.
• Excellent communication and interpersonal skills, with the ability to build strong relationships and collaborate effectively with stakeholders at all levels.
• Self-starter and ability to multi-task under pressure and meet various deadlines
• Strong team player and a quick learner
• Previous work experience in Financial Markets/Securities Financing/Wealth Management preferred.
• Knowledge of general banking industry practices, including Non-Financial Risk Management
• FRM / CFA level 2 or above preferred

Technical

• Excellent PC skills with advanced competency in Microsoft Excel and Macros/VBA
• Working knowledge of Bloomberg and Tableau/Power BI
• Proficient with Python and SQL/ Business Object would be a plus
• Working knowledge of Avaloq

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).