Job Title: IFO-Infrastructure Others
Divisional Overview:
The Chief Transformation Office (CTO) function is responsible for the delivery of change across the Nomura Group, working closely with the other Chief Corporate Officers in support of the business divisions to ensure we meet our regulatory and strategic long-term goals. Working in Risk transformation gives a great opportunity to understand Nomura Risk businesses, processes and domain. The International Change team partners with business and technology functions to support implementation of various risk solutions. Successful candidates will work closely with other global Risk Officers, Analysts, Risk middle office, Risk Technology, Global Risk Transformation teams and other business functions to deliver various regulatory and strategic risk initiatives.
Business Overview:
The Risk Management Department at Nomura is broadly organised according to the main risk classes; Credit Risk Management, Market Risk Management, Model Risk and Portfolio Risk.
The Risk Management team works to provide a firm wide capital management framework, which takes into account the availability and cost of capital, its effective utilization within and across business lines and the overall capital adequacy of the firm. Risk Management's key activities include ensuring transparency and effectively managing market, credit, liquidity, concentration and tail risk within the risk appetite of the firm and monitoring the effectiveness of capital utilization through the use of limit structures, with an emphasis on stress testing and risk adjusted returns on capital efficiency measures.
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:
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Corporate Title |
Associate |
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Functional Title |
Project Manager |
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Experience |
5+ Years |
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Qualification |
Bachelor's -Finance, Business, Engineering, etc. |
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Requisition No. |
15306 |
Role & Responsibilities:
As part of Risk Management’s Global Book of Work covering Regulatory, Strategic and incremental business change, there is a requirement for a delivery focused project manager with Stress Testing domain knowledge. The candidate would be supporting senior programme/project managers within the Stress Portfolio to deliver across a number of initiatives across Credit Risk.
- Agreeing project scope with stakeholders and managing delivery of project scope throughout the project lifecycle.
- Supporting resources that form part of the delivery team for the project(s), incorporating all resources and their activities into clearly stated defendable plan for the project(s).
- Supporting senior project managers with day to day activities including updating reports and project plans, putting together meeting materials, running project working groups, gathering and distributing working group minutes and coordinating stakeholder discussions.
- Helping to define success criteria for each stage of projects and ensuring successful completion of all tasks within the project plan on time and within budget. The overall project will be measured by adherence to delivering against a set of pre-agreed KPIs.
- Understanding and monitoring cross-project dependencies that may impact project delivery.
- Ensuring delivery of projects is in accordance with Nomura's project management governance protocols and standards.
- Effective stakeholder management relating to the project, ensuring through both day to day management, and in governance, that project status clearly articulated and timely in its delivery.
- Timely reporting of project status, issues, risks to various management team and governance forum as appropriate
- Understanding the front to back risk business processes allowing for optimal requirements gathering and synergies between projects.
- Leverage strong foundation of various Stress Testing concepts to manage delivery of business mandatory credit risk related changes
- Good communication skills and understanding of key Stress Testing & Credit risk business processes to support presentation of complex topics to senior management.
- Act as business gate keeper, control issues being raised to IT and work with the business to ensure issues are raised appropriately and are fully understood/agreed globally.
- Works with BAs to assists IT teams with an understanding of requirements and functional requirements specification.
- Good team player who would be required to work closely with the global business, IT, BAs, QA and development team throughout project lifecycle.
Desired Skills and Experience:
- Equivalent work experience of 3+ years ideally in Stress Testing and Credit Risk management as a Project manager.
- Knowledge of the waterfall project management delivery framework
- Experience in defining project plans, documenting project RAID, testing approach, test plan and test co-ordination.
- Knowledge of key stress testing scenarios, governance and other stress methodologies.
- Knowledge of key risk metrics (e.g. PE, EEPE) and other Credit risk methodologies.
- Understanding of Stress Testing concepts, stress parameters and data flows.
- Understanding of credit risk data flows and architecture including risk limits
- Excellent presentational, verbal and written communication skills with the ability to communicate at a range of levels within the organisation.
- Exposure to various tools (e.g. Confluence, JIRA) to manage project deliverables
- Strong attention to detail, accuracy and timeliness of delivery.
- Detailed knowledge of all Microsoft Office products, i.e. Word, Excel, Project & Power Point
- Management of business analysis resources to support delivery of projects or workstreams
Mind Set:
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Mandatory |
Desired |
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Domain |
• Credit Risk domain expertise (5+ years) covering CCR metrics: VaR, Expected Shortfall, IRC, PD, LGD, EAD, PE, PFE, EEPE, RWA, SA-CCR • Basel III/3.1 regulatory frameworks and recent developments • Front-to-back Credit Risk business processes and data flows • Regulatory interpretation capability understanding regulatory intent, debating with SMEs and 2nd Line Risk
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• Settlement Risk knowledge • Stress Testing experience • Climate risk integration familiarity • Model Risk Management (MRM) testing experience |
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Technical |
• Project delivery tooling proficiency: MPP, Confluence, JIRA, ServiceNow • Credit risk system architecture: risk limits, exposure aggregation, netting set construction, capital calculation engines • Testing strategy ownership: SIT/UAT/regression cycles, quality gates • Multiple delivery methodologies: Waterfall, Agile, hybrid, SAFe • Proven track record delivering Basel, FRTB, SA-CCR, IRB, IMM regulatory programmes |
• Tooling implementation and standardization across teams • Ability to challenge architectural decisions and influence target-state design • Regulatory validation experience |
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Leadership |
Description |
Element |
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Exploring Insights & Vision |
Comprehensively analyse the nature |
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Making Strategic Decisions |
Analyse options and feasibility to resolve issues, in making |
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Inspiring Entrepreneurship in People |
Promotes the vision and goals to others in such a way that inspires commitment and independent contributions |
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Elevating Organizational Capacity |
Maximize organizational productivity through leadership development and |
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Inclusion |
Respect diverse perspectives and |
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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 fr