Job Title: RSK-Central Risk

Job Code: 14695

Country: IN

City: Mumbai

Skill Category: Risk

Description:

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:

The Risk Management Division encompasses the firm's comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firm's risk-return profile, which ensures the efficient deployment of the firm's capital. It is one of the firm's core competencies and is independent of the trading areas and operational areas.

Business Overview:

Global Risk Head Quarters team works closely with the senior management of Nomura, preparing senior management committee packs, supporting central governance frameworks and assisting with other ad-hoc reports. The Global Risk HQ Reporting team liaises with other functions within Nomura, including Risk functions, Treasury & Finance, New Business, etc. across all the regions to provide a comprehensive picture of the risks Nomura faces. This role within the GRHQ team is focused on strengthening the data foundation that supports sound risk management and future innovation across Nomura Group. This team is responsible for enhancing data quality and strengthening the data management framework for data used in risk measures, including market risk, credit risk, and other risk areas within the Risk Management division. This team acts as the bridge between Risk Management and the firmwide data management team to ensure compliance with BCBS 239 and other regional regulatory expectations.

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:

Corporate Title	Associate
Functional Title	Associate/Senior Associate
Experience	6-8 years
Qualification	Graduate or Post-Graduate / MBA from a reputed institute
Requisition No.	14695

Role & Responsibilities:

This role plays a pivotal role in the build-out and execution of the data management framework in Risk Management ensuring compliance with BCBS 239 by working with SMEs across various risk stripes such as Credit Risk, Market Risk, Stress Testing, Risk Methodology, Model Risk
Driving data governance activities based on policies and standards, clarifying roles and responsibilities, and managing issues and remediation actions.
Contribute to the enhancement and monitoring of the key indicators related to compliance of the firmwide data management standards and procedures.
Escalating data quality exceptions, supporting root-cause analysis, and driving recurrence prevention measures by working with Risk SMEs, Technology, Data Office and Change Management teams.
Preparing governance MI, dashboards and reporting for senior stakeholders both within and outside Risk Management
Participating in form-wide data governance related forums and cascading relevant discussions and requirements within the division.
Monitoring the completeness, accuracy, and timeliness of risk-related reporting and related data processes
Tracking the resolution of data quality issues through various stages and keeping the inventory of it updated which can then be presented to senior management within and outside the division on a periodic basis
Undertake reviews of end-to-end data handshakes (including any manual touchpoints) for key processes critical for regulatory submissions or senior management decision-making and recommend mitigating actions for any gaps
This role requires interaction with various stakeholders across the firm
To maintain proper documentation of all the processes including any regulatory assignments and attestations
Demonstrates technical acumen that enables the professional to advise on significant decisions related to adoption of new tools/products
Performs other duties and tasks as assigned
Can operate with a limited level of direct supervision
Help with other ad-hoc GRHQ activities as the need arises

Mind Set:

Mandatory

Desired

Domain

Should have an understanding of the Risk domain and financial markets.
Should have analytical bend of mind
Should be proactive in collaborating with multiple stakeholders including senior management.
Should be strong in attention to details.

Good spoken and written communication skills and flexibility / adaptability required.

Prior experience in Data Management or Data Governance.
Experience or knowledge in risk management data or accounting-related data, such as exposure, risk measurement, and reporting, in areas including market risk, credit risk, operational risk, or related domains

Technical

Should have strong excel and presentation skills.

Experience in any tools used for data governance, data quality management or data management like Collibra, Alation etc.

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).