Job Title:  FO Risk

Job Code:  9194
Country:  IN
City:  Mumbai
Skill Category:  Global Markets
Description: 

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.

 

Nomura is an equal opportunities employer. We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career’s responsibilities, sexual orientation, gender identity, race, color, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.

Division Overview:

 

Global Markets Division: Based in Mumbai, the front-office team which works on a team extension model delivers pricing, modelling and risk management expertise to the Global Markets business. Founded as a centre of excellence, the group leads the way in price discovery and portfolio optimization techniques and is integral to the business’ aggressive revenue targets. The team is playing an integral role in structuring, pricing, risk management and new idea generation.

 

 

Business Unit Overview:

 

The GM Electronic Trading (eTrading) Risk & Controls is a first line of defence function. The team is part of the Global Markets Front Office Risk & Controls function and works closely with each eTrading businesses, across all asset classes, and technology across Global Markets as well as Second Line functions (Risk Management, Compliance, etc.).

 

The team plans to cover three core areas of eTrading within Global Markets at Nomura:

  1. Low Touch (Algo) eTrading – covers all algorithmic trading applications, including for market making, client RFQ’s, executions, etc.
  2. High Touch eTrading – covers all the non-algo trading applications, which could be either in-house developed, vendor based or an exchange/ venue provided GUI platform
  3. Trading Venues – relates to managing market place (Regulated Exchanges, MTF, OTF, ATS, etc.) where Nomura executes into

 

The GM eTrading Risk and Controls (GM eTRC) is responsible for the build out and maintenance of robust control framework that mitigates risks associated with all of the above 3 areas

 

The current requirement is in the Trading Venues Management team. As part of GM eTRC team, overall mandate applies to all of the members, to ensure efficiency & provide growth avenues

 

 

 

 

Position Specifications:

Corporate Title

Associate

Functional Title

Associate

Experience

5-10 years of experience

Qualification

Masters/ Bachelor’s degree in Business/ Finance/ or similar field from a top tier university (MBA/ BE/ B.Tech, etc.)

Requisition No.

9194

 

Role & Responsibilities:

 

  • Maintain the firm wide Trading Venue inventory (Regulated Exchange, MTF, OTF, etc.), including its periodic review, govern new venue on-boarding, etc.
  • Support the review of control design and effectiveness of adherence to regulatory & venue based requirements, e.g. MiFID II self-assessment, FCA Market Watch Review.
  • Assist in timely completion of annual assessments, affirmations, trainings, documentations, etc. (e.g. Venue algo attestations, Risk and Control Self-Assessment) and perform risk related assessments, periodic reviews (Automated Trading Controls Review, Limits Review, etc.) for all of GM eTrading businesses
  • Assist in governance forum preparations, like Electronic & Algorithmic Trading Operational Committee (EATOC), Venue Management Governance forum, etc. with activities such as defining the agenda & flow of the meeting, reviewing venues for key changes, following up with business & senior members for their inputs, reviewing Operational Risk Events & Incidents for inclusion, presenting key metrics, managing Term of Reference (ToR), etc.
  • Developing & continuous review of relevant metrics to reflect the appropriate risk appetite and performance of the eTrading business & venue management
  • Act as the point of contact for eTrading businesses with respect to any Governance Framework related topics and participate in various algo or venue projects
  • Perform monitoring activities across pre-trade trend alerts, trading activity alerts, market volatility alerts, trade validations, etc.
  • Governance and oversight of Nomura’s eTrading activities including maintenance of algorithms & risk controls inventory and related documentation.
  • Documenting end to end eTrading flows, mapping system upstream/ downstream, key controls, market places (trading venues) & legal entities, policies, procedures & frameworks owned & managed by the GM eTrading Risk & Controls team
  • Partner with regional GM eTRC team, Electronic & Algo Trading Risks Management (EAT RM - 2nd Line of Defence), eTrading Compliance (2nd Line of Defence), Internal & External Audit (3rd Line of Defence), Change Management Teams, relevant IT teams, etc. for standardizing & streamlining activities/ processes across the framework
  • Perform reviews on key & recent events/ incidents, to chalk out gaps, suggest relevant controls and propose remediation's for business to focus upon
  • Take part in the strategic implementations, providing views, assisting UAT, ensuring timely completion, gathering enhancement requirements, etc.
  • Bespoke analysis, specific and ad-hoc projects/tasks, attending governance forums representing the team, etc.

 

Mind Set:

 

 

Mandatory

Desired

Domain

  • Strong Analytical and Problem solving skills
  • Good project management skills - planning, coordination/ execution, stakeholder management
  • Is entrepreneurial and independent; self-starter, takes ownership, exhibits integrity, strong motivation and attention to detail
  • Ability to prioritize high volumes of deliverables across multiple disciplines working under pressure
  • Ambition and enthusiasm to succeed in this challenging role
  • Strong analytical skills and a risk assessing mind set.
  • The person should have good communication skill as the job will involve a permanent interaction with the Front Office and all the support functions.
  • Language capability: English at Business level
  • Prior controls & risk (incl. Venue management) or performed audit of Global markets businesses would be preferred, but is not a deal breaker
  • Python / VBA / Dash boarding tools like Power BI / Tableau is also a plus but not a compulsory requirement