Job Title:  Quants

Nomura Overview:

Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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 across four international regions.

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.

Divisional Overview:

Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent, client relationships and technology.

By developing strong relationships with our client base through consistent interaction, independent advice and pre-eminent access to Asia, we have built a powerful global franchise. 

Business Overview:

The GM Quant team in Mumbai consists of several sub-teams, including Fixed Income Quant Research, Algorithmic Trading Strategies and e-FX Quants. The team in Mumbai comprises about ten people, with varied backgrounds in Finance, Engineering and Physics, and strong, deep knowledge of financial modelling and computer science.

This role sits within Fixed Income Quant Research, which is part of Nomura's wider Quantitative Research team. This global team has its principal centres in London, Tokyo, Mumbai, New York and Singapore. One of its aims is to predict the likely future outcomes of financial markets, as well as to develop models so that Nomura's traders can execute profitable trades and the firm can correctly value them.

Quant work involves many different skills and abilities, all of which centre around solving complex quantitative problems in an accurate and timely way. The core function of the Fixed Income Quant Research team is to develop models that calculate the correct price for any of Nomura's financial trades across all asset classes (interest rates, equity, FX, credit, etc.). This involves a sequence of steps, starting with the basic modelling of financial markets, through to designing a model for any particular product, and finally implementing that model in C++ code. Nomura's Fixed Income quants also have an industry-leading approach to calculating the risks of trades (known as the "Greeks").

Other areas of quant activity include pricing adjustments for capital, collateral and margin, as well as general advisory to the firm on risk, valuation and systems issues.

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:

• Development of pricing and risk models which calculate the correct worth for any of Nomura’s financial trades across all the asset classes (interest rates, bond, equity, FX, credit, etc.).
• Working as a fully integrated member of the global quant team, part of the front office
• Gain knowledge of the relevant global financial products
• Understanding and implementing the state-of-the-art pricing models in C++ code
• Working with traders and structurers to enable new trades to be executed
• Interacting with risk managers and other corporate functions to explain new quant models
• Learn how to efficiently calculate “Fast Greeks” for the firm’s trades, using state-of-the-art methodologies
• Interact with IT groups, and help steer Nomura’s systems development

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).