Job Title:  RSK-Market Risk

Nomura Overview:

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment 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 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.

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:

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:

Role & Responsibilities:

• As a dedicated market risk manager for the Treasury business, the candidate will be responsible for managing the following
  • Liaising with the risk managers in the trading centres on a daily basis to help manage their market exposure, set & review Treasury 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/Treasury Heads
  • Re-engineer the risk reporting process including interactions with Risk and Treasury front Office technology personnel to drive improvements
  • Monitor and manage Interest Rate Risk in Banking Book (IRRBB) positions, ensuring regulatory compliance and adherence to internal risk appetite
• 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 fixed income or Treasury 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:

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).