Job Title: RSK-Market Risk

Job Code: 7762

Country: IN

City: Mumbai

Skill Category: Risk

Description:

Job Description for Global Risk – Market Risk- XVA

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, analyse stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centres 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
Requisition No.

Role & Responsibilities:

The role requires good understanding of financial products across asset classes, factors influencing financial markets and how different asset classes interact among themselves.
Candidate is expected to understand what drives the risk profiles of OTC derivative instruments in different market conditions (both exposure profiles and risk sensitivities).
The role requires hand on experience in technical tools like Python (must have), PowerBI, VBA etc.
As a dedicated risk manager for the XVA business areas with primary focus on CVA, the candidate will be responsible for managing the following-
- Daily analysis and sign-offs of statistical risk measures such as VaR, SVAR, ACVA capital models and stress tests results
- Liaising with the risk managers in the trading centres on a daily basis to help manage their market exposure, set & review risk strategies
- Actively participate in risk forums, brainstorm ideas on how to better manage and report risks, challenge existing processes wherever required.
- Preparation of risk reports for traders and senior business management
- Monitoring and administration of risk limits and resolution of limit excesses
- Developing and maintaining risk analysis tools such as cross gamma impact on risk and PnL
- Ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads
- Actively participate and lead (wherever required) on risk related projects such as FRTB implementation.

Key Skills:

Mandatory

Desired

Domain

Good knowledge of Financial Products (especially derivatives), Financial Markets, Economics
Understanding of risk sensitivities(Greeks) and statistical measures like VaR, SVAR
Background in a numerical discipline: engineering; math; science; etc.
Strong analytical, quantitative and technical abilities
Hands-on experience in Python
Strong communication skills (oral and written)

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