RSK-Market Risk

Job Code: 14157

Country: IN

City: Mumbai

Skill Category: Risk

Description:

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:

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 Unit Overview:

The Stress Testing Risk Infrastructure (STRI) team serves as the operational backbone for stress testing function in risk management department globally, specializing in sign-off & adjustments governance, metric level data quality checks, and operational support of stress testing frameworks across multiple risk domains including Market Risk (MR), Credit Risk (CR), and Financing Risk (FR). The team also specializes in enhancement projects and new implementations like Stress testing projects & platform, ensuring the integrity and completeness of stress testing operations across the global risk management framework.

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:

Corporate Title

Analyst

Experience

1 - 3 years

Qualification

B.TECH + MBA, B.Sc IT \ CS + MBA, M.Sc Statistics\ Maths, M.Sc IT + CFA \ FRM

Role & Responsibilities:

Market Risk Stress Testing:

Execute weekly & monthly stress scenario adjustments

Manage comprehensive month-end sign-off processes for stress scenarios at regional, global, and legal entity levels

Handle regional/product line specific monthly activity updates including MIS and reporting

Perform daily sanity stress data checks to ensure data completeness and consistency

Support IRRBB (Interest Rate Risk in Banking Book) monthly sign-offs

Credit Risk Stress Testing:

Generate and manage Stressed Current Exposure (SCE) adjustments

Conduct weekly PRA exposure explain processes

Validate stress batches for scenario stressed EEPE & SCE metrics

Support quarterly regulatory batch validations and semi-annual credit index mapping updates

Financing Risk (Counterparty VaR):

Handle daily financing risk adjustments against counterparties

Execute stress loss controls checks on both daily and weekly frequencies

Monitor financing risk VaR and indirect jump metrics

Governance & Reporting

Data Quality Management:

Implement data quality processes around all data inputs and outputs to and from stress testing systems

Analysis of data, resolution of breaks and clean-up of existing data

Produce weekly management updates & key metrics

Maintain documentation and evidence

Mind Set:

Mandatory

Desired

Domain

Understanding of stress testing frameworks and risk measures across Market Risk, Credit Risk, and Financing Risk

Understanding of financial products and stress testing methodologies

Proficient in Python programming for data analysis and automation

Proficient in writing SQL/Oracle queries and VBA macros

Experience with risk management systems (Monju, UDW, CRSAS governance tools)

Strong analytical skills and attention to detail

Excellent communication skills both written/verbal

Strong team player and quick learner

Experience with stress testing platforms and enhancement projects

Knowledge of SCE, EEPE, IRRBB, and other stress testing metrics

Proficiency in business analysis and operational activities

Experience working with various stakeholders including business, IT, and change management teams

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).