Job Title: RSK-Credit Risk
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: Wealth Management, Investment 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:
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 Unit Overview:
Global Credit Risk Management (CRM) is an independent Risk oversight function, reporting directly into the Global Chief Risk Officer (CRO). Its mandate is to manage the risk of loss arising from an obligor or counterparty’s default, insolvency or administrative proceeding which results in the obligor’s failure to meet its contractual obligations in accordance with agreed terms.
To achieve this, CRM has professionals located in each of the Firm’s principal regions, employing a range of qualitative and quantitative analytical skills needed to:
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- provide independent risk management oversight.
- continuously evaluate, monitor and rate all the Firm’s counterparties.
- evaluate and approve credit exposures (subject to established credit authority guidelines and approval procedures)
- provide timely and accurate credit data and analysis to the Firm’s management, Business Units and Regulators
CRM Powai is an integral part of global CRM, responsible for credit risk management of a diverse portfolio of counterparties across sectors and regions. Closely aligned with the regional teams, we are amongst the highest value-added Risk Management divisions in India. The team comprises of professional degree holders, who are driven to tackle unstructured problems independently.
Besides core CRM responsibilities of assigning credit ratings, credit limit management, suggesting credit terms for legal agreements, and portfolio monitoring, the team also participates in structured deal analysis, presents at global forums, and plays a leading role in global projects. Outside of Risk Management, the team collaborates with other Divisions such as Sales and Trading, Legal, Finance, Compliance, Treasury, On-Boarding, Operations to achieve its objective of protecting the firm against credit losses. The team is also involved in the firms’ FinTech initiative and independently works on end-to-end projects to generate in-house solutions.
Role & Responsibilities:
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As a Credit Analyst, you will be given training in analysis of financial statements, macro/economic environment and business profile of entities to arrive at a credit rating. You will learn to write detailed analytical reports and use credit rating models to arrive at a credit rating, which is used to set risk appetite and in capital calculations for the bank.
You will be part of a dynamic team that not only manages credit risk for the bank, but also participates in global projects, strives to improve processes by using technology and tools available in the firm, and is well integrated with the global CRM Division.
Job Description A fully trained Credit Analyst is responsible for carrying out the below responsibilities with respect to an assigned portfolio of Nomura counterparties:
- Performing in-depth analysis and writing credit reviews to assign credit ratings for counterparties on an annual/semi-annual basis. This would include financial statement analysis (P&L, Balance Sheet, Cash Flow Statement), business profile analysis along with peer and sector analysis. - Approving new client onboarding requests, after performing necessary due diligence - Investigate credit limit breaches by liaising with Sales, Operations, Middle Office teams etc. to determine the cause of the breach, and take necessary action as per Credit Policies - Monitor the performance of assigned Counterparties and also closely track developments related to the Counterparty, industry, regulations, etc. and take appropriate action as necessary
Requirements
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Nomura Core Competencies: