Job Title: RSK-Credit Risk

Job Code: 11470

Country: IN

City: Mumbai

Skill Category: FINTECH

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.

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) operates as a credit risk control function within the Risk Management Division, reporting to the CRO. 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

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
Experience	4 - 6 years in corporate credit analysis
Qualification	Chartered Accountant, PGDM / MBA, CFA / FRM
Requisition No.

Role & Responsibilities:

Manage a portfolio of corporate clients
Undertake periodic credit analysis of existing corporate clients which includes assessment of business, management and financial profiles.
Support the team in initial credit related due diligence for prospective corporate clients by undertaking comprehensive credit risk assessment and assigning ratings.
Track various market movements and sector level developments, which are relevant to the performance of corporate 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
Understand internal credit policies and ensure compliance of existing work streams with the relevant policies.
Provide support in other ad-hoc projects that are undertaken by the team, for example
scorecard development, sector reviews, data aggregation and validation etc.

Mind Set:

Mandatory

main

At least 4 years’ experience in assigning credit ratings to corporates, across sectors
Strong analytical skills with a good eye for detail, ability to multi-task
Excellent report writing and verbal communication skills. Should be at ease in communicating with onshore credit team, clients and Front Office
Ability to perform efficiently and produce high quality work under tight  deadlines
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
Prior experience in independently managing projects and leading global calls will be an added advantage.

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.