Job Title: RSK-Credit Risk

Job Code: 13187

Country: IN

City: Mumbai

Skill Category: Risk

Description:

Nomura Overview:

Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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 across four international regions.

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 EMEA/AEJ based Hedge Funds and Private Equity Funds. In this role you will be responsible for managing all aspects of the portfolio, including 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	Analyst
Functional Title	Senior Analyst
Experience	2 – 4 years
Qualification	Chartered Accountant (Rank holder or 1st Attempt pass) or PGDM/MBA from top-tier Colleges. Additional qualification like CFA/FRM is preferable

Role & Responsibilities:



Credit Officer’s responsibility for a portfolio of Counterparties within the global Hedge Fund team, primarily includes coverage for Hedge Funds (HF) and Private Equity Fund (PE).



Daily responsibilities include:

Undertake Due Diligence (DD) calls with clients. Collect credit information necessary for conducting detailed credit analysis.
Conduct in-depth credit research and credit analysis and write high quality Credit Memos, to assign internal credit rating, appetite and margin tiers for clients.
Prescribe credit terms and covenants for legal documents.
Analyze and support trade approvals by liaising with the Financing Risk team and obtain Independent Amount (IA) or Initial Margin numbers for such trades.

Investigate credit limit breaches by speaking to Sales, Operations and Credit Risk Analytics team, determine the cause and escalate as per Credit Policies.
Design automated reports and implement process workflows for the Hedge Funds team to assist in the monitoring of this specialized portfolio, including highlighting hedge fund clients with elevated levels of risks based on client information (risk/ performance), market indicators, early warning indicators and credit exposure.
Build data processes and implement models in Python/ Alteryx to minimize manual effort and enable analysts to effectively and efficiently manage their portfolios.
Monitor the portfolio by reviewing and updating NAV and Performance data for Hedge Funds on a monthly basis. Follow up with HF Managers and flag any clients with deteriorating NAV/Performance metrics
Contribute to the firm’s Risk Change agenda and participate in regulatory and audit assessments.



Participating in global projects and initiatives for example: the development of scorecards, preparing

credit updates for senior management, suggesting system and process improvements via automation, participating in Global Sector Forums etc.

Requirements:


Mandatory	  	Professional degree holders such as CAs (Rank holder or 1st Attempt pass), MBAs from reputed institutes or CFA. Other post graduate degrees will be acceptable, if accompanied by relevant CRM experience 4-6 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
		Strong analytical ability, with an eye for detail and the ability to identify emerging risks
		The ability to be a ‘self-starter’, have proactive approach to resolving issues and the willingness to learn
		Proficiency in Microsoft Word, Excel and PowerPoint is a must, any additional technical knowledge will be an added advantage
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).