Risk Management - Market Risk Traded Credit Associate

Nomura 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.

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:

Risk Management Division in Powai has the following functions – Credit risk, Market risk, Quant risk, Operational risk and Market Risk Middle Office.

Business Unit Overview:

Market Risk Management works to identify, monitor and control the firm’s exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies. Major activities involve daily analysis and interpretation of the results of risk sensitivities; validation of Value At Risk (VaR), RWA, Economic Capital numbers and sign-off on the relevant Risk systems, working on global projects for enhancement of Market Risk & preparation of risk reports for traders and senior business management. Risk managers are also expected to automate/re-engineer the risk reporting process and provide ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads

Position Specifications:

Corporate Title: Associate

Functional Title: Associate

Experience: 3 to 6 years

Qualification

MBA from a reputed institute or Masters with engineering/math/science background

Role Description:

The position is a role in Market Risk Management for Traded Credit asset class.

The candidate will work with Risk managers primarily focused on Products like Credit Default Swaps, Credit Linked Notes, Credit Baskets and Indices, Bonds, Primary & Secondary Loans, CLOs/CDOs, Repos , Repacks and other related Structured Products.

Responsibilities:

1. Daily review and sign off on Risk exposures.
2. Preparation of daily/weekly risk reports for risk management and trader meetings required for analysis and monitor different risk metrics (e.g. CR01/CS01, VaR, SVaR, IRC, IR01 etc.)
3. Limit monitoring and resolution.
4. Ad-hoc analysis of trading positions and stress testing.
5. Identify the key risk and P&L drivers and provide commentaries around it.
6. Develop tools related to risk optimization/risk analysis and provide active support in enhancing and maintaining such tools.
7. Maintain proper documentation of the risk tools developed for risk analysis and provide necessary support during validation of these tools by Audit/Model validation group.

Mind Set:

• Good knowledge of Financial Products (especially credit derivatives), Financial Markets, Economics
• Understanding of risk sensitivities and VaR
• Background in a numerical discipline: engineering; math; science; etc.
• Good understanding of Excel, excel VBA, python
• Strong analytical, quantitative and technical abilities
• Strong communication skills (oral and written)

• Certification in CFA/FRM
• Python for Finance

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).