RSK-Risk Methodology Group

Nomura Holdings, inc.; Mumbai; On-site; INR 1,800,000 - 2,600,000; Full time

Benefits offered by this job

Wellbeing programs

Inclusive benefits for employees and/​

Family wellbeing support

Job summary

Nomura Holdings, inc. in Mumbai seeks an experienced Associate for the Credit Risk Analytics team. The role focuses on counterparty risk model development and performance review for Nomura group entities, with emphasis on MPM, model validation, and regulatory compliance.

Strong Python and Excel skills are essential. You will collaborate with Risk IT and model validation groups, delivering analyses, dashboards, and documentation to support governance and audit readiness in a fast-paced

Qualifications

• Masters in quantitative field with 4–6 years of experience in risk analytics.
• Exposure to risk model development, validation and regulatory considerations.
• Strong programming and data analysis skills with Python and Excel.

Responsibilities

• Carry out counterparty risk model development and performance review for Nomura entities.
• Support Model Performance Monitoring framework and regulatory compliant analyses.
• Data analysis, validation, and reporting for MPM initiatives with dashboards.
• Assist integration of risk models into strategic systems and document requirements.

Skills

Counterparty risk models

Model Performance Monitoring

Python

Excel VBA

Communication skills

Documentation

Education

Masters in Quantitative discipline

Tools

Python

Excel

VBA

Job description

Job Description:

Nomura Overview:

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:

The Risk Management Division encompasses the firms comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firms risk-return profile which ensures the efficient deployment of the firms capital. It is one of the firms core competencies and is independent of the trading areas and operational areas.

Business Unit Overview:

Credit Risk Analytics (CRA) develops the quantitative methodologies used to measure counterparty credit risk; provides analyses and consultation on credit risk quantification, participates in global efforts on modelling credit risk exposure.

This team is responsible for the enhancement and methodological support of PRISM, the global counterparty credit exposure measurement system, to accommodate new business needs and maintain compliance with major regulatory standards, including SEC/NFA, PRA, and J-FSA. The team works to support business and risk managers for live structured derivatives transactions and handles various regulatory requirements including Backtesting, Model Performance Monitoring (MPM), stress testing, model reviews, calibration, User Acceptance Testing, and documentation of models.

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/ Senior Associate

Functional Title Associate

Experience 4 - 6 years

Qualification Masters in Quantitative discipline (B.E / B. Tech+, M. Tech, MSc (Maths / Stats), Econometrics)

Requisition No. 12806

Role & Responsibilities:

This associate role within CRA Powai will be focusing on carrying out counterparty risk model development and performance review tasks for various Nomura group legal entities including US and EMEA regions.

• Support the execution and ongoing maintenance of the Model Performance Monitoring (MPM) framework, including quantification of model limitation impacts and preparation of supporting analysis and documentation that meets regulatory guidelines.
• Support model validation and audit related queries on MPM analysis.
• Conduct data analysis, validation, and reporting for MPM initiatives while maintaining model performance trackers and dashboards to enhance transparency, governance, and audit readiness.
• Support implementation of risk models into strategic risk systems, including developing methodologies, building prototypes, writing technical business requirement documents, performing comprehensive model testing, ensuring regulatory compliance, and coordinating with model validation groups.
• Collaborate with Risk IT in the strategic implementation of various initiatives
• Support regulatory reviews and inspections by providing comprehensive analysis and documentation as required

Key Skills:

Domain:

• Sufficient exposure to development or validation of counterparty credit risk models and regulatory landscape.
• Basic understanding of stochastic calculus, Derivative pricing, Monte Carlo Simulation.
• Proficiency in Python / Excel - VBA
• Strong verbal and written communication skills
• Organisational skills, multi-tasking and detail oriented
• Delivery focussed with the ability to work effectively under pressure and meet tight timelines.

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).