Job Title:  RSK-Credit Risk

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.

Division 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.

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.

            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:

This is a high visibility Global Role that involves working on core Credit Risk infrastructure, i.e. developing Rating Models to assess Counterparty risk, creating Frameworks to meet regulatory requirements, enhancing the assessment and monitoring of credit risks. It cuts across sectors and geographies and involves working directly with the Global Internal Ratings Officer. Interaction will be with Credit Analysts / Officers, Risk Methodology, Senior Risk Committees, Business Analysts, IT as well as other divisions such as Finance/Treasury, Regulatory Liaison etc.

You will work closely with the Internal Rating Officer in the development, maintenance and governance of the CRM Ratings and Reviews infrastructure, as well as other frameworks such as regulatory deliverables, concentration risks, ESG etc. Specifically, this includes

• • working on credit rating model development and testing, analysis of model usage and overrides, working with IT to implement changes, Liaising and working with sector specialists on making enhancements to the ratings models, innovating to ensure the rating process is efficient and captures key risks
  • Organise and run Sector forums to make proposals or suggestions on process improvements, and secure Analysts buy-in to implementation
  • Work closely with Reporting/Middle Office to implement monitoring tools, and MI for senior management
  • Participate in adhoc projects and deliverables related to the Credit ratings and related processes

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.