Job Title:  RSK-Credit Risk

Job Code:  11063
Country:  IN
City:  Mumbai
Skill Category:  Risk
Description: 

Nomura Overview:

 

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. 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 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.

 

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 area.

 

The Risk Department at Nomura is broadly organised according to the main risk classes Market Risk, Credit Risk, New Business and Operational Risk. The Risk Department provides senior management with an independent view of the principal risks taken by individual business units. 

 

 

Business Unit Overview:

 

Credit Risk Management (CRM) is an independent risk oversight function, reporting to 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.  

 

The process for managing credit risk at Nomura includes:

  • Evaluation of likelihood that a counterparty defaults on its payments and obligations; 
  • Assignment of internal ratings to all active counterparties; 
  • Approval of extensions of credit and establishment of credit limits; 
  • Measurement, monitoring and management of Nomura’s current and potential future credit exposures; 
  • Setting credit terms in legal documentation, including margin terms; and 
  • Use of appropriate credit risk mitigants, including netting, collateral and hedging

 

CRM Powai

CRM Powai is an integral part of the CRM function globally, responsible for credit risk analysis of a diverse portfolio of counterparties across sectors and regions. The team is engaged in assigning credit ratings, carrying out sector and peer reviews, recommending and monitoring credit limits, suggesting credit terms for legal agreements, tracking early warning indicators, and various other portfolio management activities, as well as participating in global projects. The team comprises of Credit Risk Analysts, Financing Risk Analysts, Portfolio and country risk Analysts to list a few.

 

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:

As a credit Analyst, you will be responsible for managing portfolio of corporate clients as well as Hedge Funds and Private Equity Funds. In this role you will be responsible for managing all aspects of the portfolio, including credit research & analysis on Corporate / hedge fund counterparties, ratings, limits and exposure monitoring, monitoring early warning indicators, stress testing etc. In addition, you will support the build out of specialized data analytics and portfolio tools and actively participate in the risk monitoring of the portfolio. The position requires you to frequently interact with Clients, Traders, Operations, Legal and other teams in Risk Management, and where necessary escalate credit concerns to senior management.

 

Corporate Title

Senior Analyst / Associate

Functional Title

Analyst / Associate

Experience

2 – 6 years

Qualification

Chartered Accountant, PGDM / MBA, CFA / FRM

Requisition No.

11063

Role & Responsibilities:

 

 

Manage a portfolio of cross functional client segment encompassing corporates, hedge funds and private equity

Undertake periodic credit analysis of existing clients which includes assessment of business, management and financial profiles.

Support the team in initial credit related due diligence for prospective clients by undertaking comprehensive credit risk assessment and assigning ratings.

Prescribe credit terms and covenants for legal documents. Track various market movements and sector level developments, which are relevant to the performance of counterparties and their risk profile.

Manage counterparty exposures within set credit limits and investigate exposure movements

Support day-to-day trade approval process with accurate and timely responses

Participate in periodic stress testing exercises, investigating exposure movements in stress scenarios

Provide credit terms for legal documentation and participate in the overall legal negotiation process

Design automated reports and implement process workflows for the team to assist in the monitoring of the portfolios, including highlighting clients with elevated levels of risks based on client information (risk/ performance), market indicators, early warning indicators and credit exposure

Understand internal credit policies and ensure compliance of existing work streams with the relevant policies.

 

Mind Set:

 

 

 

 

Mandatory

Professional degree holders such as CAs, MBAs from reputed institutes or CFA. Other post graduate degrees will be acceptable, if accompanied by relevant CRM experience 

2-6 years’ prior experience in CRM or Rating assignments, working in any sector. Prior experience in the Hedge Fund Analysis will be an added advantage

Excellent verbal and written communication skills, especially report writing skills and the ability to independently lead global calls.

 

Good understanding of derivative trades, credit exposure and legal documentation is desirable, should have the aptitude to learn derivatives if no knowledge or prior experience

 

Strong analytical ability, with an eye for detail and the ability to identify emerging risks

Desired

Prior experience in managing a Hedge Funds portfolio

Experience in appetite setting, limit setting and monitoring, setting legal documentation terms

Strong coding skills in Python, SQL, VBA, Alteryx, Power BI

 

Good understanding of products traded by Investment Banks, legal agreements 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).