Job Title:  RSK-Operational Risk Group

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, (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 Management Division encompasses the firm's comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firm's risk-return profile which ensures the efficient deployment of the firm's capital. It is one of the firm's core competencies and is independent of the trading areas and operational areas.

The Global Risk Management Division in Powai, Mumbai has the following functions – Credit risk, Market risk, Risk and Control, Risk Infrastructure, Model Validation, Risk Methodology, Operational Risk Management and Risk HQ. The division is responsible for effectively managing the firm's risk-return profile, which ensures the efficient deployment of the firm's capital. Risk Infrastructure (RI) is a function within Risk Management and supports both Credit Risk Management & Market Risk Management.

What We Offer:

• We support employee wellbeing by ensuring a sense of purpose and belonging.
• We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
• Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.

Location - Mumbai

Job Title - Analyst

Positions for Hire - Multiple

We have multiple roles across Credit Risk management (CRM), Risk Infrastructure (RI) and Operational Risk team (ORM) in Risk Management for CA campus. The organization offers comprehensive learning opportunities that encourage proficiency in complex and specialized products with front to back knowledge.

The details of each of these functions with the Job description are below

Credit Risk Management - CRM

Credit Risk Management (CRM) is an independent Risk oversight function. 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.

CRM is responsible for credit risk management of a diverse portfolio of counterparties across sectors and regions. Closely aligned with the regional teams, we are amongst the highest value-added Risk Management divisions in India. The team comprises of professional degree holders, who are driven to tackle unstructured problems independently.

Besides core CRM responsibilities of assigning credit ratings, credit limit management, suggesting credit terms for legal agreements, and portfolio monitoring, the team also participates in structured deal analysis, presents at global forums, and plays a leading role in global projects.

Position Overview: CRM

As a Credit Analyst, you will be given training in analysis of financial statements, macro/economic environment and business profile of entities to arrive at a credit rating. You will learn to write detailed analytical reports and use credit rating models to arrive at a credit rating, which is used to set risk appetite and in capital calculations for the bank.

You will be part of a dynamic team that not only manages credit risk for the bank, but also participates in global projects, strives to improve processes by using technology and tools available in the firm, and is well integrated with the global CRM Division. Outside of Risk Management, the team collaborates with other Divisions such as Sales and Trading, Legal, Finance, Compliance, Treasury, On-Boarding, Operations to achieve its objective of protecting the firm against credit losses. The team is also involved in the firms’ FinTech initiative and independently works on end-to-end projects to generate in-house solutions.

Job Description - CRM

A fully trained Credit Analyst is responsible for carrying out the below responsibilities with respect to an assigned portfolio of Nomura counterparties. As a member of the team, you will:

• Carry out credit risk assessment for Corporates, Financial Institutions (Banks, Broker-Dealers, Insurers), Funds (Investment Advisors, Mutual Funds, Pension Funds) or Hedge Funds counterparties globally.
• Daily responsibilities include:

-           Performing in-depth analysis and writing credit reviews to assign credit ratings for counterparties on an annual/semi-annual basis. This would include financial statement analysis (P&L, Balance Sheet, Cash Flow Statement), business profile analysis etc.

-           Perform in-depth sector and peer reviews, highlighting key trends, growing risks and possible risk mitigation to be undertaken by the firm

-           Approving new client onboarding requests, after performing necessary due diligence

-           Investigate credit limit breaches by liaising with Sales, Operations, Middle Office teams etc. to determine the cause of the breach, and take necessary action as per Credit Policies

-           Monitor the the performance of counterparties and closely track developments related to a counterparty, industry, economy, regulations, markets etc. which could adversely impact the credit profile of a counterparty. Where necessary, detailed notes with the view/outlook and appropriate risk management action will have to be sent to senior management within the Risk Division

-           Participating in ad-hoc projects e.g., using data to create models/scorecards, automating processes using data analytical tools etc.

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Business Unit Overview: Risk Infrastructure (RI)

RI is responsible for Risk Model & non-Model Input Data Management and Control, Exposure Metric Validation, Data Integrity & consistency, Counterparty Exposure validation and Capital Assurance, Risk Limit Management and Risk Reporting. In addition, they assist Risk Managers (RM) in resolving data issues where necessary and take corrective actions. RI drives data management strategy for Risk division and helps develop data architectures, that are flexible and meets new regulatory requirements.

Position Overview - RI

This role encompasses comprehensive risk data management, regulatory compliance, and strategic technology implementation within a sophisticated financial services environment. The position requires expertise in risk analytics, regulatory frameworks, and emerging technologies to support enterprise-wide risk management objectives.

Roles and Responsibilities:

• Conduct data analysis and implement governance frameworks to detect, investigate, and resolve risk data exceptions while ensuring accuracy of risk metrics and capital calculations across multiple systems
• Good understanding of regulatory landscapes (JFSA, PRA, FINRA, SEC) and internal capital models impacting Tier 1 capital calculations. 

• Work on regulatory reports and to provide management with a view on the credit risk exposures on timely basis through various senior management / committee packs

• Understand trade bookings and transaction types to evaluate risk metric impacts, govern risk number production from risk engines, and provide sign-off support while monitoring trends across business divisions
• Investigate and resolve complex data integrity issues, develop understanding of data architecture and flow processes, and ensure robust process controls for error-free delivery of business-as-usual activities
• Collaborate with Risk Change teams and IT partners on user requirements, business adoption initiatives, and regulatory projects while streamlining and automating risk processes
• Identify automation opportunities using FinTech solutions, build efficiency tools, and create operational frameworks for AI strategy adoption to implement next-generation risk management solutions
• Handle internal audit requests, regulatory examinations, and compliance management while maintaining comprehensive documentation and ensuring adherence to internal policies and external requirements
• Drive innovation in risk analytics through process re-engineering, automation initiatives, and advanced technology adoption to achieve operational efficiencies and support organizational change

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Business Unit Overview -Operational Risk Management - (ORM)

Operational Risk Management operates as a 2nd line of defence governance function, providing integrated operational risk guidance and advisory services to enable Powai in establishing a forward-looking risk culture. The function is structured into three specialized teams: Core ORM (Business Advisory), Central ORM Framework Support, and Risk Analytics.

The overarching strategic objective is to build a control-conscious ecosystem where operational risk management becomes central to all divisional activities, fostering close engagement with Powai Divisions to promote global risk and control best practices while driving a fundamental mindset shift toward proactive operational risk management across the organization

Position Overview- ORM

Core Advisory ORM requires maintaining and improving operational risk culture through comprehensive risk assessment and control optimization. This role combines hands-on risk analysis with strategic advisory functions, requiring both technical risk assessment skills and the ability to influence risk culture across business divisions.

Key Responsibilities - ORM

Risk Event Management

• Review and analyse operational risk events with global impact originating from Mumbai entities
• Conduct regular risk event reviews with control recommendations

Control & Assessment Activities

• Perform control effectiveness testing and report findings to global ORM leadership
• Review RCSA (Risk Control Self-Assessment) controls
• Support global scenario analysis using agreed risk drivers to determine tail risk impacts

Analytics & Monitoring

• Consolidate and review operational key risk indicators (KRIs)
• Provide risk analytics support across various risk events and RCSA processes
• Support scenario analysis initiatives

Equal Opportunity Employer:
 
Nomura is an equal opportunities employer. We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career’s responsibilities, sexual orientation, gender identity, race, color, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.