Job Title:  Associate

Nomura Overview:

Nomura Services, India is a core center of excellence powering 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 shaping, strengthening, and accelerating Nomura'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 2021.

Divisional Overview

The Corporate finance team performs global and seamless Finance operations including Treasury and Capital Management, Trading and Product control, financial reporting and disclosure, Management information and reporting for decision support, planning and development of financial strategy including, tax planning and reporting, investor relations management, and much more.

Business Unit Overview

Treasury is responsible for funding the Firm and ensuring that adequate liquidity is maintained in all market conditions. It provides funding solutions to the businesses while managing attendant financial risks and minimizing interest and operational costs. There are 4 teams within Treasury, Powai:

• Funding Support
• Regulatory reporting (AEJ, Japan, EU, US)
• Liquidity reporting (Internal Liquidity Stress reporting)
• FLM (Liquidity Stress Modelling, Liquidity Analytics, FTP, IRBB)

Team Overview (under which the role is open)

Funding & Liquidity Management (FLM):

The FLM team in India collaborates closely with EMEA, Tokyo, and US Liquidity Management teams. Recently established, the India team specializes in advanced analytics and modeling of liquidity through initiatives designed to enhance transparency around liquidity drivers, sources, and usage while optimizing Nomura's liquidity reserves. The team applies analytical and quantitative techniques across multiple workstreams, including:

• Liquidity Stress Modelling – development and maintenance predictive models for internally-built liquidity stress scenarios. Continuous model performance monitoring, ad-hoc analysis, liquidity reserve optimisation by fine-tuning models by reducing/replacing over-conservative liquidity reserves/buffers with accurate risk driven reserves.
• Liquidity Forecasting & Analytics - leveraging data-driven models for forward-looking liquidity projections, understanding liquidity drivers, what-if analysis and supporting liquidity analytics and controls
• Fund Transfer Pricing Analytics & Modeling – Establishing internal Treasury pricing mechanisms by developing methodology/models for different product/segments in phased manner
• IRRBB Analysis & Reporting – Analysis and reporting of interest rate risk in the banking book, Economic view of interest rate risk by covering banking and trading books

Position Specifications:

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

Role & Responsibilities:

Role: FLM- Analyst:

Liquidity Stress Modelling or Liquidity Analytics  

The candidate will be part of FLM-team and will take responsibility for various BAU review/analysis, ad-hoc projects, and analytics processes which underpin the internal or regulatory Liquidity risk related requirements for the consolidated group.  The role will involve working closely with Treasury colleagues across Tokyo, New York, Mumbai and London and will involve:

Liquidity Stress Modelling related activities:

• Development of and enhancement to the bank’s Internal liquidity stress models
• Conducting what-if analysis for the stress models/ ad-hoc stress scenario analysis
• In-depth root cause analytics for the major contributors to the stress outflow/inflow
• Implement models in the strategic stress platform using SQL, Python, R or equivalent
• Liaising with front office, risk, IT and reporting to ensure robust model development, testing and implementation
• Producing and maintaining up-to-date model documentation
• Involvement in Treasury Change initiatives including working with IT in the automation of liquidity stress test

Key Skills:

Nomura Leadership Behaviours:

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).