RSK-Risk Change Group

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

Benefits offered by this job

Wellbeing services

Inclusive workplace

Industry recognitions

Job summary

Nomura Services India Private Limited seeks an experienced Associate (PM) / Business Analyst in Risk Management with 5–8 years of Counterparty Credit Risk experience. You will drive regulatory risk projects, coordinate with Risk, Technology and Front Office, and ensure governance across the project lifecycle.

Required are strong capital markets knowledge, project management skills, and proficiency in SQL, Python, and BI tools.

Qualifications

• Strong understanding of capital market products and derivatives across asset classes.
• MBA/FRM/CFA/CQF or equivalent with domain certifications.
• Experience in Counterparty Credit Risk and risk reporting.
• Ability to manage data, risk measures, and relate to Basel norms.

Responsibilities

• Lead requirements gathering, testing and documentation for regulatory risk initiatives.
• Translate business requirements into technical specifications for risk platforms.
• Coordinate system integrations with stakeholders across Risk, Technology and Front Office.
• Run test management processes, UAT, test plans and rollout strategies.
• Deliver projects with governance, progress reports and risk mitigation actions.

Skills

Capital market knowledge

Derivatives knowledge

Regulatory risk reporting

Project management

Stakeholder management

Education

MBA

FRM

CFA

CQF

Tools

SQL

Python

PowerBI

Tableau

Dremio

Excel

Visio

Project

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:

• Requirements gathering, testing and documentation for regulatory compliance and transformational risk management initiatives.
• Analyse complex risk data flows, calculation engines, and reporting processes to identify gaps and architect robust solutions aligned with enterprise risk appetite.
• Execute projects in adherence with the Nomura governance standards delivering well defined business outcomes.
• cross-functional collaboration between Risk, Technology, Operations, and Compliance teams while gathering business requirement & functional requirement.
• Translating business requirements into technical specifications for risk platforms, coordinate system integrations with stakeholders.
• Maintaining cutting-edge regulatory knowledge, conduct industry benchmarking, and drive continuous improvement through feedback loops and best practice implementation.

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 (PM)

Experience

5-8 years

Qualification

• Business Analyst with 5 to 8 years of relevant experience in the Risk domain, particularly Counterparty Credit Risk.
• Working as a business analyst and project manager in Credit Risk Change projects in International Change and work 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.)
• 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.

Requirements:

Mandatory

Domain

• Strong understanding of capital market products and derivatives across asset classes.

Good educational pedigree and domain certifications (MBA, FRM, CFA, CQF etc.)

• 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.
• Skilled in performing data analysis and understanding data models for computation of risk measures
• Good understanding of the Basel norms, particularly the capital requirements for Credit and CVA risks
• 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.
• Ability to identify any inefficiencies in processes and suggest ideas for automation and/or operating model changes.
• Proficiency in database, virtualization and BI solutions – SQL, Python, Dremio, PowerBI, Alteryx, Tableau etc.
• Flexibility – adapts effectively to changing plans, domains and priorities; Is open and flexible when faced with changing project constraints
• Excellent and demonstrable understanding of "best practice" approaches to functional testing especially User Acceptance Testing.

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).