RSK-Market Risk

Nomura Holdings, Inc.; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Nomura seeks an Associate in Treasury Risk Management in Mumbai to develop expertise in liquidity risk within the second line of defense. You will analyze funding resources, review policies, and contribute to risk reporting for senior management.

The role emphasizes strong analytical ability, finance background, and proficiency with Excel, Python, and BI tools to enhance risk capture for treasury products and processes.

Qualifications

• Experience in liquidity risk management and second line of defense.
• MBA or strong finance qualifications; CFA/FRM beneficial.
• Proficient in Excel, Python and BI tools.

Responsibilities

• Identify and implement improvements in risk framework for treasury and liquidity.
• Review funding plans and stress-test liquidity adequacy.
• Challenge risk appetite, ensure limits robust for compliance.
• Evaluate liquidity model concepts and assumptions.
• Explain data changes and escalate breaches of limits.
• Prepare regular liquidity risk reports for senior management.
• Develop risk analytics and reporting frameworks for treasury products.

Skills

Liquidity risk

Regulatory knowledge

Finance background

CFA/FRM

Python

Tableau/Power BI

Excel

Education

MBA from tier-1

Masters in Finance/Accounting

CA

Tools

Tableau

Power BI

Python

Excel

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.

Divisional Overview:

Risk Management Division in Powai has the following functions – Credit risk, Market risk, Quant risk, Model Validation, Operational risk and Market Risk Infrastructure.

Business Unit Overview:

The Treasury Risk Management is a department within the Risk organization responsible for acting as the second line of defense for the firm’s treasury activities. The team independently reviews and challenges liquidity management processes, develops and maintains liquidity risk management policies and limit standards, and monitors compliance with established risk limits and appetite across the Nomura Group. The role involves a diverse range of risk management responsibilities and provides exposure to individuals in treasury, other risk teams, Global Markets and senior management through comprehensive reporting and stakeholder engagement.

Position Specifications:

Corporate Title

Associate

Functional Title

Associate/Sr Associate

Experience

3 to 6 year

Qualification

MBA from a reputed institute or Masters with Finance/Accounting/Financial Mathematics/CA background

Role & Responsibilities:

This is for Associate position within the Treasury Risk Management team, providing an excellent opportunity to develop expertise in liquidity risk management as part of the second line of defense. It will involve the following responsibilities, amongst others:

• Identify and implement potential improvements in the Risk Framework management of the treasury and liquidity management activities. Ensure policies and procedures are in line with best practice.
• Review and ensure appropriateness of available funding and liquidity resources and plans in line with business strategies. Analyse stress scenarios and challenge liquidity adequacy when necessary.
• Review and challenge risk appetite and limit proposals. Ensure limits and controls in place are robust and support risk appetite compliance.
• Identify areas of enhancement within the existing liquidity model framework and assess conceptual soundness of models and assumptions.
• Challenge explanations for changes in reported data (e.g. for limit consumptions and forecast) and elevate breaches of risk appetite and risk limits.
• Prepare regular reports on liquidity risk for senior management and risk management committees.
• Provide clear, impactful communication of risk issues to senior management
• Drive enhancement of risk methodologies and risk capture for treasury products
• Development of risk analytics and reporting frameworks

Key Skills:

Mandatory

Domain

• Working Knowledge of market and liquidity risk management methodologies
• Working knowledge of regulatory expectation and street wide best practice with regards to 2nd line management of Treasury desks
• Background in Finance/ Accounting/ Risk Management/ Financial Mathematics, or related quantitative fields; etc.
• Strong analytical, quantitative, technical abilities, and attention to details.
• Strong communication skills (oral and written)
• Masters (MBA preferred) from a tier-1 institution
• Certification in CFA/FRM
• Working knowledge of Tableau, Power BI, and coding with Python
• Proficiency in Microsoft Excel

*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).