Description:
Nomura Overview:
Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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 across four international regions.
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:
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 Overview:
The Credit Risk Reporting Team integral is part of the overarching Credit Risk Management. CRR has responsibility to monitor and report on counterparty exposures impacting Capital and Limits, governance around credit limit utilisations and risk reporting for various Senior Risk Management, KSMMs, Business and Regulatory reporting.
CRR works closely with various teams within Credit Risk Management and mainly looks after preparation of reports for operational & regulatory reporting, KSMMs and other senior Risk Management committee packs. The team is responsible for development & publication of such reports & committee packs. The team is expected to review the reporting materials, challenge the content as well as provide subjective risk analysis of various risk metrics basis defined variance thresholds.
The team gets closely involved in various changes projects relating to Credit Risk Model maintenance, Risk engines, during introduction or enhancements to various exposures/ metrics, new legal entities, Model / valuation function release testing and change adoption. The team is also responsible for various regulatory capital calculation and sign off process for various regions from risk management aspects.
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.
Position Specifications:
B.TECH + MBA, B.Sc IT \ CS + MBA, M.Sc IT \ CS + CFA \ FRM
Role & Responsibilities:
Specific support to Powai Reporting Lead and Global Head of Reporting by leading the operational deliveries of Credit Risk reports, MI committee packs, risk exposure analytics for Credit Risk Management and ensuring reports are produced with governance & controls aligned to policies & procedures
End to end rationalization of regulatory & global reports, ensuring uniformity and completeness and responsible for monitoring production of Credit Risk KSMMs, MI committee packs for Regulators, Board Members, Businesses and Senior Risk & Finance Management
Prioritize and manage book of work to ensure all internal and external deadlines are met for all regions, responsible to deliver all credit risk reporting requirements for all of Nomura’s regional sites
Provision of ad-hoc and portfolio reporting to support Risk Management, Business, Regulators e.g. Country Risk / WWR / Stress testing / Loans / CCP / Sector Concentration
To provide in-depth risk exposure analytics & commentary and drive solutions on Reporting queries; expertise on various credit risk metrics – EE, LEQ, Country, PFE, Collateral, CE, SCE, WWR, etc.
Support for Chief Risk Officers, Global Head & Regional Head of Credit, COO Risk and work with Country, Portfolio Analytics & Internal Rating teams to drive changes as per regulatory or BCBS-239 requirements
Liaison with Risk Middle Office Leads on infrastructure & model changes and point of contact to liaise with cross-divisional initiatives e.g. Market Risk / Finance / CRA / Internal Audit
MI Change initiatives: to deliver Single Platform Reporting capability and automation of existing reports; transition of excel based reports into interactive Dashboard reporting and optimize report production timelines though automations and create efficiencies
Design and implementation of new reporting requirements during Fire drill / Stress Reporting / Crisis Management e.g. Nomura’s exposure to the Oil Industry or Exposure analytics during Covid
Improving Reporting Governance architecture, bridging with Internal Audit / Ops Risk, provision of robust RCSAs, management of adjustments and EUCs
Maintain proper documentation of all the processes including any ad-hoc assignments
Automate report generations, enhance data quality workflows using in house tools and AI.
Mind Set:
Good understanding of Financial Products for e.g. OTC Derivatives, SFT, etc.
Knowledge of different exposure measures such as MTM / PE / EPE /
Limit & Excess Management
Self-motivated, logical thinking, good interpersonal skills and demonstrate ability to form successful working relationships
Delivery focused with the ability to work well under pressure and meet deadlines under compressed timescales
Understanding of Economic and
Regulatory Capital for Credit Risk
Knowledge ISDA, CSA, Netting Set
Proficiency in business analysis and operational activities
Experience working with various stakeholders including business, IT, and change management teams
Advanced skills in PowerPoint and Excel together with SQL and Python (Object Oriented programming).
Experience with data visualisation tools like Power BI / Tableau.
Some experience in new age AI tools and solutions
Python
Business Objects
Power BI
Tableau
SQL
AI
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).
