Risk Model Validation Associate

Nomura Holdings, Inc.; New York (NY); In loco; USD 115.000 - 135.000; Tempo pieno

Descrizione del lavoro

Nomura Holdings, Inc. in New York seeks a Model Risk professional for Risk Model Validation within the Risk Management – Model Risk Management division. The role focuses on validating models, developing a robust framework, and overseeing the model lifecycle with emphasis on soundness and performance.

The ideal candidate holds a postgraduate quantitative degree and 1–3 years of Model Risk experience, with familiarity in econometrics, stochastic calculus, and R/Python for statistical programming.

Competenze

• Postgraduate degree in a quantitative discipline is required.
• 1–3 years of experience in Model Risk.
• Familiarity with econometrics, stochastic calculus and statistical programming (R, Python).

Mansioni

• Develop and enforce an effective Model Risk Management Framework.
• Independently validating, reviewing and approving Models for their intended uses.
• Assess conceptual soundness, sensitivity analyses, and model performance throughout the lifecycle.

Conoscenze

Quantitative analysis

Econometrics

Stochastic calculus

Statistical programming

Formazione

Postgraduate degree in a quantitative discipline

Strumenti

R

Python

Descrizione del lavoro

Select how often (in days) to receive an alert:

Job Code: 13537

Country: US

City: New York

Skill Category: Risk

Description:

Job Title: Model Risk – Risk Model Validation

Corporate Title: Associate

Department: Risk Management – Model Risk Management

Location: New York, NY

The pay range for this position at commencement of employment is expected to be between $115,000 and $135,000/ year. * (see below footnote for additional compensation and benefits information).

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 .

Aon’s Benefit Index®, Nomura’s benefits rank#1 among our competitors

Department 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:

Model Risk Management is a group within Risk Management responsible for:

• Developing, executing and enforcing an effective Model Risk Management Framework.
• Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite.
• Independently validating, reviewing and approving Models for their intended uses.

This role will focus on Risk Models and will be responsible for a range of tasks throughout the Model Lifecycle including assessing conceptual soundness, performing sensitivity analysis, verifying proper model implementation, developing benchmark models and reviewing model performance.

Skills, experience, qualifications and knowledge required:

• A postgraduate degree in a quantitative discipline.
• 1-3 years of experience in Model Risk.
• Familiarity with econometrics, stochastic calculus and statistical programming (e.g. R, Python).

• Familiarity with Risk Models preferred (e.g. VaR, Stress Testing, Counterparty Credit Risk Models).

Nomura Leadership Behaviours

• 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 ofinclusion andpsychological 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.

If hired, 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