Trading Support

Nomura Holdings, Inc.; Mumbai; On-site; INR 1,200,000 - 2,100,000; Full time

Benefits offered by this job

Wellbeing programs

Inclusive workplace

Job summary

Nomura is seeking a talented analyst to join the Algo Strategies team in Mumbai. You will contribute to developing systematic trading strategies, eFX tools and quantitative analytics, collaborating with traders and structurers globally.

The role requires strong programming skills in Python/C/C++, solid maths background, and a drive for innovative finance solutions within a fast-paced environment.

Qualifications

• Masters or PhD in CSE, mathematics, statistics or equivalent.
• 1–3 years of quantitative programming experience in finance.
• Strong background in mathematics, statistics and ML theory.

Responsibilities

• Work on algorithmic trading platform for eFX with experienced quants.
• Guide models through development lifecycle including back testing and documentation.
• Develop analytics to improve risk management and trading opportunities.

Skills

Python

C

C++

Java

Tensorflow

Machine learning

Education

Master’s or PhD in CSE/Math/Statistics

Tools

Reflex platform

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:

Global Markets Powai team is an extension of regional Global Markets teams supporting Securitized Products, Rates, FX, Credit and Equities. The division in Powai provides support for a range of activities like research, quantitative modelling, sales and trading support, pricing and balancing, product development and strategy. Powai operation is a critical part of the platform to support the growth of Nomura’s global business.

Business Overview:

Algo Strategies team (Mumbai) is a part of the Global Quants team which is spread across London, New York, Singapore and Mumbai. The Mumbai team consists of people with highly numerate backgrounds such as B.Techs, M.Techs in electrical engineering, computer science engineering, Masters or PhDs in Statistics, Maths, Quantitative Finance and Physics. All members of the team are proficient in some programming language.

Algo team is involved in developing systematic trading strategies and execution algorithms by applying mathematical and statistical methods to predict the likely future outcomes of financial markets. One of the aims of the team is to develop market making, auto hedging and alpha generating strategies across asset classes.

Also, the team supports various index structuring business verticals and directly works with traders and structurers on developing index calculators and scripting new indexes for various asset classes (Rates, FX, commodities, Credit) in the proprietary Reflex platform

In addition, the team is involved in derivative pricing and modelling of bond/bond derivatives.

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.

Mind Set:

Mandatory

Domain

• Programmers who specialize in international equity markets
• Strong communication and interpersonal Skills
• Ability to work effectively as part of the team
• Ability to multitask and thrive in a fast-paced environment.

Technical

• Programming experience with one or more of Python, C, C++, Java, Tensorflow
• Mastered advanced mathematics and statistics (i.e. probability theory, time series, econometrics, optimization), with core expertise in machine learning theory, techniques and tools
• Exceptional analytical, quantitative and problem-solving skills
• Strong knowledge of Fixed Income products

Position Specifications:

Corporate Title

Analyst

Functional Title

Analyst

Experience

1-3 years

Qualification

Master’s, Phd, or equivalent degree program in CSE, mathematics, sciences, statistics

R ole & Responsibilities:

We are looking to hire quants to work on our algorithmic trading platform for eFX. This position is for talented programmers with experience in e-trading business and related fields with an inquisitive spirit and extensively contribute to digital transformation of the businesses of the investment bank.

The role involves -

• Guiding models through the entire development lifecycle including back testing, preparing high quality documentation, and driving the models through the internal model review and approval process
• Overseeing the ongoing performance of deployed models through reactive and proactive support, monitoring and reporting
• Develop analytics to assist in smarter risk management of the trading books
• Lay out a formal architecture around which a lot of the tools can be built
• The individual will work very closely with traders across various markets to build a wide spectrum of tools.
• Engineering innovation solutions using a variety of approaches such as time-series forecasting predictive modelling, cluster analysis, dimensionality reduction etc.
• Develop and manage quantitative analytics to identify the market dislocations and trading opportunities in eFX markets.

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).