Job Title:  Market Risk Manager

Nomura Overview: Nomura is an Asia-based 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.

Divisional Overview: Risk Management Division in Powai has the following functions – Credit risk, Market risk, Quant risk, Operational risk and Market Risk Middle Office. 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 VaR, Incremental Risk Change, Economic Capital numbers and sign-off on the relevant Risk systems & preparation of risk reports for traders and senior business management. Risk managers are also expected to 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: Qualification MBA from a reputed institute/CA

Role & Responsibilities:

 As a dedicated risk manager for equity products, the candidate will be responsible for managing the following o Liaising with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies o Daily analysis and interpretation of the results of risk sensitivities and stress tests o Preparation of risk reports for traders and senior business management o Monitoring and administration of risk limits and resolution of limit excesses o Preparation of reports and escalation to senior management o Ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads o Re-engineer the risk reporting process including interactions with Risk and front Office technology personnel to drive improvements o Participate in various projects that help improve our risk infrastructure and framework o Understand the upcoming regulations, especially FRTB and the implications for various equity desks and provide inputs for better management of risk capital  The Risk Manager will need to understand the traded products in equity asset classes and their implications for risk management decisions. In particular, we are looking for candidates with knowledge of Equity derivatives. Candidate is expected to understand what drives the risk profiles of Equity Instruments in different market conditions (both exposure profiles and risk sensitivities) and implications on P&L as the markets are evolving.

Key Skills: Mandatory Desired Domain  Knowledge of Equity Derivatives products (including exotics) Markets, Economics  3 - 5 years of experience in Market Risk/Stress testing, preferably on the equity side on trading/risk management  Masters (MBA preferred) from a reputed institution  Excellent oral and written communication skills  Programming skills such as excel VBA and python would be an added advantage