Job Title:  FO Risk

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.

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:

 Nomura’s Front Office Risk team covers various gamut of Risk and capital Management activities for the Global Markets business globally. The team works directly with Heads of global markets (Global and regionally) with the Powai team reporting into the Global head of FO Risk based in NY. Team roles can be divided into three main categories:

• Front Office Risk tasks including daily analysis of GM risks and PnL and identifying potentially toxic risks and PnL drivers. This also includes stop loss management for all GM traders and working with them for any risk reductions required in line with the stop loss policy.
• Assessing potential impact of upcoming economic events and running stress scenarios for the same to estimate potential economic impact on Nomura portfolios. This may include certain central bank meetings (where the outcome is uncertain) or other key events like Russia/Ukraine Crisis, Elections in a large country where outcome may be uncertain, US Debt Ceiling Limit etc.
• Capital Analysis and Planning: To analyse the regulatory capital requirement changes on a regular basis and identifying drivers of capital changes. Team also looks at developing potential trades to mitigate capital increases.

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:

Role & Responsibilities:

• Monitor and help manage the counterparty risk within Nomura GM:

• Work with Global FO Risk team to produce globally integrated view of Nomura’s Financial Risks
• Monitor Nomura Counterparty exposure and analysing the drivers of the exposure
• Preparing Power BI dashboards to enhance the capability to monitor risk/PnL/Capital resources in effective way
• Automation of any new process which helps in drill down of risk, market moves efficiently
• Ensure all risks taken within GM are identified, understood, measured, monitored daily
• Engage in regular dialogue with Trading desks, Counterparties and 2nd line around current risks, markets, etc. in all GM Regions (US, EMEA, APAC, etc)

Provide analysis and recommendations around trading desk risks in all regions and challenge where necessary

Mind Set:

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).