Job Title:  RSK-Credit Risk Regulated Funds

Nomura Overview:

Nomura is an Asia-headquartered financial services group with an integrated global network spanning over

30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale

(Global Markets and Investment Banking), and Merchant 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, (Powai) supports Nomura’s businesses around the world. Powai’s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura’s global operations and are an integral part of Nomura’s global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura’s global business.

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 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 Credit Risk Management 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

Position Specifications:

As a Credit Analyst responsible for a portfolio of EMEA-based Regulated Funds, you will be responsible for managing all aspects of the portfolio, including Ratings, Limits and exposure monitoring, monitoring early warning indicators, stress testing etc. The position requires you to frequently interact with Sales, Traders, Operations and other teams in Risk Management, and where necessary escalate credit concerns to senior management.

Role & Responsibilities:

• Credit Officer Responsibilities for a portfolio of Counterparties within the EMEA Fund’s portfolio, which includes Investment Advisors, Mutual Funds, Pension Funds and Private Equity clients.
• Daily responsibilities 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 Risk Analytics team, determine the cause and escalate as per Credit Policies

- Monitor the performance of assigned Counterparties and also 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.

Requirements: