RSK-Risk Methodology Group

Nomura Holdings, Inc.; Mumbai; On-site; INR 1,200,000 - 2,200,000; Full time

Benefits offered by this job

Equal opportunity employer

Job summary

Nomura Holdings, Inc. in Mumbai, India, is seeking an Associate/Senior Associate to join the Credit Risk Analytics team within the Risk Management Division. The role focuses on quantifying counterparty credit risk and supporting global development teams in implementing models and systems.

The position requires 4–6 years of experience, proficiency in Excel-VBA and Python, and strong communication skills. You will work on back testing, calibration, documentation, and regulatory compliance in a

Qualifications

• 4–6 years of experience in credit risk analytics.
• Experience with back testing, model calibration, and regulatory reviews.
• Proficiency in Excel-VBA and Python; strong communication.

Responsibilities

• Provide analysis and consultation on credit risk quantification. Work closely with global development teams on implementation of models and systems.
• Work on regulatory requirements including Back testing, Model Performance reviews, Calibration, UAT, Documentation of models.
• Implement risk models into strategic risk system with methodology, prototyping, and regulatory compliance.
• Collaborate with Risk IT on strategic initiatives.
• Participate in model performance reviews and calibration of parameters.
• Support regulatory reviews and inspections with necessary analysis.

Skills

Excel-VBA

Python

Credit risk quantification

Regulatory awareness

Tools

PRISM

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:

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 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.To support business/risk managers for live complex structured derivatives transactions. To work on various regulatory requirements including Back testing, Stress Testing, Model reviews, Calibration, User Acceptance Testing, Documentation of models

Position Specifications:

Corporate Title

Associate

Functional Title

Associate/Senior Associate

Experience

4 - 6 years

Role & Responsibilities:

• Provide analysis and consultation on credit risk quantification. Work closely with global development teams on implementation of models and systems
• Work on various regulatory requirements including Back testing, Model Performance reviews, Calibration, User Acceptance Testing, Documentation of models, etc.
• Implement risk models into strategic risk system (this includes developing methodology, building prototype, writing technical business requirement document, performing model testing, ensure compliance with regulatory requirements and liaising with model validation group).
• Collaborate with Risk IT in the strategic implementation of various initiatives
• Participate in periodic model performance review and calibration of model parameters.
• To aid regulatory reviews and inspections by providing necessary analysis.

Domain

• Sufficient exposure to quantification of counterparty risk and regulatory landscape.
• Basic understanding of stochastic calculus, Derivative pricing, Monte Carlo Simulation.
• Proficiency in Excel-VBA/Python
• Strong verbal and written communication skills
• Organisational skills, multi-tasking and detail oriented
• Delivery focussed with the ability to work well under pressure and meet deadlines under compressed timescales

The firm is an equal opportunity employer, and we are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. The firm and its affiliates 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.