Job Title: RSK-Market Risk

Job Code: 11561

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 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:

Risk Management Division in Powai has the following functions – Credit risk, Market risk, Quant risk, Operational risk and Market Risk Middle Office.

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	Analyst/Associate
Functional Title	Analyst/Associate
Experience	4 years
Qualification	MBA from a reputed institute or Masters with engineering/math/science background
Requisition No.	11561

Key Skills:

Mandatory

Desired

Domain

Good knowledge of Financial Products (especially Derivatives and Fixed income), Financial Markets, Economics
Understanding of risk sensitivities and VaR
Background in a numerical discipline: engineering; math; science; etc.
Good understanding of Excel, excel VBA, python
Strong analytical, quantitative and technical abilities
Strong communication skills (oral and written)

Certification in CFA/FRM
Python for Finance

Key Responsibilities:

Analysis and interpretation of the various risk sensitivities; P&L attribution
Validation of VaR, Incremental Risk Change, Economic Capital numbers and sign-off on the relevant Risk systems & 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 to senior Risk Management/Trading Heads
Re-engineer the risk reporting process (adding additional colour/automation/improving governance etc.)
Interpret macro events and central bank policies to assess potential impacts on rates markets and associated risk exposures and provide the market commentary.