Job Title:  FO Risk

Nomura Overview:

Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant 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, (Powai) supports Nomura’s businesses around the world. Powai’ s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura’s global operations and are an integral part of Nomura’s global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura’s global business.

Division Overview:

Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent, client relationships and technology.

Business Overview:

Nomura’s Prime Services is a fully integrated platform offering global securities lending, innovative financing solutions, execution excellence, and industry expertise. Our clients include leading institutional asset managers, hedge funds, and other market participants across the globe. Leveraging the entire firm, Nomura Prime Services is committed to providing our clients with the highest level of service, support, and technology.

 Position Specifications:

Role & Responsibilities:

The primary responsibilities for the roles within the Prime Finance- Risk Team would include:

• Lead the day-to-day activities of Mumbai Prime Brokerage – Front Office Margin & Risk Controls hub supporting Asia/Europe/US.
• Spearhead the development of a comprehensive automated risk controls framework and eventually own the end-to-end risk management process for the hub.
• Own and build a strategic Prime Risk and Analytics platform, collaborate with IT to provide requirements, drive approach and implementation.
• Set up framework for timely escalation for the controls suite to senior management; collaborate with Collateral, Legal, IT and other support teams to get issues resolved.
• Ensure that team runs daily checks on client setups, build reconciliations using data from reference data, trade booking and margin & collateral systems.
• Build, monitor and run daily control reports and dashboard to check day-over-day swings on key metrics.
• Write daily commentary on control breaks, exceptions and swings. Write client level commentaries, adhoc analysis and run what-if scenarios providing indicative margin levels.
• Run team calls and represent / explain control breaks and resolution.
• Mentor and manage the team.

Mind Set: