Job Title: RSK-Market Risk

Job Code: 7364

Country: IN

City: Mumbai

Skill Category: Risk

Description:

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 three business divisions: Retail, Asset 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, (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:

Risk Management Division in Powai has the following functions – Credit risk, Market risk, Quant risk, Model Validation, Operational risk and Market Risk Infrastructure.

Business Unit Overview:

Market Risk Management works to identify, monitor and control the firm’s exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies. Major activities involve daily analysis and interpretation of the results of risk sensitivities; validation of Value At Risk (VaR), RWA, Economic Capital numbers and sign-off on the relevant Risk systems, working on global projects for enhancement of Market Risk & preparation of risk reports for traders and senior business management. Risk managers are also expected to automate/re-engineer the risk reporting process and provide ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads

Position Specifications:

Corporate Title	Associate
Functional Title	Sr Associate
Experience	2 to 5 year
Qualification	MBA from a reputed institute or Masters with engineering/math/science/CA background

Role & Responsibilities:

As a dedicated risk manager for the Rates Markets business areas, the candidate will be responsible for managing the following
- Liaising with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies
- Daily analysis and interpretation of the results of risk sensitivities and stress tests
- Preparation of risk reports for traders and senior business management
- Monitoring and administration of risk limits and resolution of limit excesses
- Preparation of reports and escalation to senior management
- Ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads
- Re-engineer the risk reporting process including interactions with Risk and front Office technology personnel to drive improvements
The Risk Manager will need to understand the traded products in these asset classes, factors influencing markets and their implications for risk management decisions. In particular, we are looking for candidates with knowledge of FX / Rates derivatives with exposure to flow and structured fixed income desks
Candidate is expected to understand what drives the risk profiles of Fixed Income Instruments in different market conditions (both exposure profiles and risk sensitivities) and implications of how the markets are evolving.

Key Skills:

Mandatory

Desired

Domain

Good knowledge of Financial Products (especially derivatives), Financial Markets, Economics
Understanding of risk sensitivities and VaR/Economic Capital
Background in a numerical discipline: engineering; math; science; etc.
Strong analytical, quantitative and technical abilities
Strong communication skills (oral and written)

Masters (MBA preferred) from a tier-1 institution
Certification in CFA/FRM
Python for Finance; or exposure to tools like Alteryx would be an added advantage
Proficiency in Microsoft Excel