Model Risk - Investment Management

Nomura Holdings, Inc.; New York (NY); On-site; USD 160,000 - 190,000; Full time

Benefits offered by this job

sign-on bonus

restricted stock units

401(k) eligibility

various paid time off benefits

Job summary

Nomura Holdings, Inc. is seeking a Vice President in New York or Philadelphia to join their Model Validation Group. The role involves conducting independent validation of complex models used in investment management. You will evaluate model performance, document findings, and present results to senior management. The ideal candidate has 3+ years in model validation or quantitative analysis with a Master’s degree in a quantitative discipline, and expertise in Python or R. The annual pay range for this position is $160,000 to $190,000.

Qualifications

• 3+ years of experience at VP or equivalent level in model validation, quantitative analysis, portfolio management, or risk management.
• Demonstrated expertise in investment management is strongly preferred.
• Advanced proficiency in Python, R, and/or VBA for quantitative modeling and analysis.

Responsibilities

• Conduct independent validation of complex models used in IMD.
• Evaluate model conceptual soundness, ongoing monitoring framework, and model outcomes.
• Document validation findings and present results to senior management.

Skills

model validation

quantitative analysis

risk management

investment management

Python

R

VBA

communication skills

Education

Master’s degree or higher in Math, Statistics, Economics, or related quantitative discipline

Job description

Model Risk – Investment Management

Vice President

Risk Management

New York or Philadelphia

The pay range for this position at commencement of employment is expected to be between $160,000 and $190,000 annually.

Company overview

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 .

Division Overview

Nomura's Risk department plays a crucial role in identifying, assessing, and mitigating risks across our business. We strive to protect the firm's assets, reputation, and financial stability by implementing robust risk management practices. Join our team and contribute to our proactive approach in managing risks, allowing us to make informed decisions and thrive in an ever-changing market environment.

Role Description

The Model Validation Group (MVG) is part of the Risk department and globally responsible for establishing Model Risk Management framework, independently validating the integrity and comprehensiveness of Models in the firm. MVG also develops measures of Model Risk; monitoring Model Risk vs. the firm’s Model Risk Appetite and escalates model approval breaches.

We are seeking an experienced Vice President to join our Model Validation Group (MVG) with primary responsibility for reviewing and validating models utilized across the Investment Management Division (IMD), including Nomura Asset Management International. In this role, you will provide independent validation oversight for sophisticated quantitative models that are critical to our global investment management operations.

• Conduct independent validation of complex models used in IMD covering quantitative investment strategies, index calculation including Quantitative Investment Strategies (QIS), automated execution, as well as models used in risk management and performance reporting.
• Evaluate model conceptual soundness, ongoing monitoring framework, and model outcomes and appropriateness for intended use.
• Document validation findings including risk-based assessment of model limitations and assumptions in detailed reports.
• Present validation results and risk assessments to senior management, model risk governance committees, and business stakeholders.
• Contribute to the establishment and promotion of model governance standards and best practices in IMD under Nomura Group’s Model Risk Management framework.
• Build collaborative partnerships with stakeholders while maintaining independent, principled challenge.

Skills, experience, qualifications and knowledge required

• 3+ years of experience at VP or equivalent level in model validation, quantitative analysis, portfolio management, or risk management; demonstrated expertise in investment management strongly preferred.
• Master’s degree or higher in Math, Statistics, Economics, or related quantitative discipline.
• Expertise in at least one of the following areas:
  • Risk Models related to VaR or Counterparty exposure
  • Pricing Models from one of the asset classes: Interest Rate/FX/Equity Derivatives/Credit
  • Quantitative investment management, asset allocation, and portfolio optimization
  • Risk management within asset management companies
  • Corporate valuation methods
  • Index calculation methodologies, including Quantitative Investment Strategies (QIS)
• Advanced proficiency in Python, R, and/or VBA for quantitative modeling and analysis.
• A team player with strong verbal and written communication skills.

Nomura Competencies

Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

• Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign‑on bonus, restricted stock units, discretionary awards and eligibility for commissions for applicable sales roles in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired in the U.S., employee will be in an “at‑will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.”

Nomura is an Equal Opportunity Employer