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.

Divisional Overview:

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

Business 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

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:

• Credit Officer Responsibilities for a portfolio of Counterparties within the EMEA Fund’s portfolio, which includes Investment Advisors, Mutual Funds and Pension Funds.
• Daily responsibilities broadly include:

- Conduct in-depth credit research and credit analysis and write high quality Credit Memos, to assign internal credit rating and risk appetite for clients

- Approving new client onboarding requests, after performing necessary due diligence

- Prescribe credit terms and covenants for legal documents.

- Investigate credit limit breaches by speaking to Sales, Operations and Credit Exposure management team, determine the cause and escalate as per Credit Policies

- Monitor the performance of assigned Counterparties and closely track developments related to the Counterparty, industry, regulations, etc. and take appropriate action as necessary

- Ensuring that all KRI’s related to the portfolio are within limits

• Participating in global projects and initiatives for example: the development of score cards, preparing credit updates for senior management, suggesting system and process improvements, participating in Global Sector Forums etc.

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).