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Job Title:  Market Risk Manager

Job Code:  8930
Country:  IN
City:  Mumbai
Skill Category:  Risk
Description: 

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, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centres daily to help manage their market exposure, set & review risk strategies. 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.

 

The Electronic and Algorithmic Trading (EAT) Risk Function sits within Market Risk and is responsible for operating the Firm’s Global EAT Risk governance framework. The function provides 2nd line oversight and challenge of electronic and algorithmic trading activity across all asset classes, viz.  Rates, FX, Credit, Equities and F&O businesses. These businesses operate across all regions including Japan, Hong Kong, Singapore, Germany, the UK and the US.

 

 

Position Specifications:

 

Corporate Title

Analyst / Associate

Functional Title

Analyst / Senior Analyst / Associate / Senior Associate / Assocate Vice President

Experience

1 – 9 years

Qualification

 B.Tech. / B.E. / MBA / CA / CFA / FRM

Requisition No.

RSKIND10017510 / RSKIND10017512

 

 

 

 

 

 

 

 

 

Role & Responsibilities:

 

 

Role & Responsibilities of the position in brief:

 

  • Provide support to regional stakeholders in day-to-day risk management of Electronic and Algorithmic trading activities.
  • Ensure compliance to EAT Risk policies and procedures by periodic reviews and reporting.
  • Engaging with stakeholders across divisions and regions to ensure timely deliveries.
  • Provide support for running of Risk Committees, Forums and preparation of meeting materials.
  • Review and analyse Electronic Trading relevant incidents and facilitate reviews of lessons learned and cross-functional reviews.
  • Coordinating regulatory attestations like MiFID II attestations.
  • Facilitate the annual control attestation process. The process involves understanding the process, controls and ensuring that the controls are adequate.
  • Review new and upcoming Electronic and Algorithmic Trading specific regulations. Support regions in performing gap analysis with the Firm’s Stakeholders to determine level of compliance, gaps, and remediation plans.
  • Contribute to the continued development of the Algo Control Framework and work with key stakeholders to embed new processes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Skills:

 

 

  • Ideal candidate will have decent understanding of the four key areas as below. At the minimum, we expect candidate to be well-versed with at least one of the below four:
    • Understanding of Electronic and Algorithmic Trading activities
    • Risk Limit Management in Market Risk – setup, adjustment, review and breaches
    • Non-financial and Operational Risks – RCSA, OpRisk Events, Risk Assessment
    • Technology Risk – Understanding building blocks of the tools, relevant risks.
  • A candidate with prior experience in IT Risk and Control / Algo Trading Risk / e-Trade Support / e-Trade Operational Risk would be preferred.
  • Strong written and verbal communication skills with the ability to engage with all levels of management. Understanding of Policies and Compliance would be added advantage.
  • Technical fluency. Specifically, must have the ability to simplify technical concepts to present effectively to a non-technical audience. 
  • An ability to remain objective and to independently raise areas of risk exposure.
  • Ability to effectively collaborate with multiple stakeholders including compliance, legal, internal audit, risk managements and senior business partners.
  • Strong project management skills with the ability to handle multiple deliverables.
  • Working knowledge of the following is preferred:
    • Understanding of any one of the assets classes (Equity / FX / Rates) -  Rules and regulations relating to electronic trading including but not limited to MiFID II, PRA, FCA, CFTC, Dodd Frank, MAR etc.
    • Knowledge about Algorithmic and electronic trading workflows: algorithmic trading strategies, smart order routing, order management systems, auto hedging, pricing and RFQs, dark pools, FIX protocol etc.
    • Fundamentals of IT change, Technology platforms and standard control requirements

 

 

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