Job Title:  Market Risk Manager

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 three business divisions: Retail, Asset 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, (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.

Divisional Overview:

Risk Management Division in Powai has the following functions – Credit risk, Market risk, Quant risk, Model Validation, Operational risk and Market Risk Infrastructure.

Business Unit Overview:

Market Risk Management works to identify, monitor and control the firm’s exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies. Major activities involve  daily analysis and interpretation of the results of risk sensitivities; validation of Value At Risk (VaR), RWA, Economic Capital numbers and sign-off on the relevant Risk systems, working on global projects for enhancement of Market Risk & preparation of risk reports for traders and senior business management. Risk managers are also expected to automate/re-engineer the risk reporting process and provide ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads

Position Specifications:

Role and Responsibilities:

• As a dedicated risk manager for the FX & Emerging Markets business areas, the candidate will be responsible for managing the following
  • Liaising with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies
  • Daily analysis and interpretation of the results of risk sensitivities and stress tests
  • Preparation of risk reports for traders and senior business management
  • Monitoring and administration of risk limits and resolution of limit excesses
  • Preparation of reports and escalation to senior management
  • Ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads
  • Re-engineer the risk reporting process including interactions with Risk and front Office technology personnel to drive improvements
• The Risk Manager will need to understand the traded products in these asset classes and their implications for risk management decisions. In particular, we are looking for candidates with knowledge of FX / Rates derivatives with exposure to exotic fixed income derivatives
• Candidate is expected to understand what drives the risk profiles of Fixed Income Instruments in different market conditions (both exposure profiles and risk sensitivities) and implications of how the markets are evolving.

Key Skills: