Job Title:  RSK-Stress Testing Group

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, Financing Risk , Stress Testing, MVG (Model Validation Group) and RMG (Risk Methodology Group)
 

Position Specifications:
Experience 3 – 5 years
Qualification Bachelors or Masters with finance/ statistics/engineering/math/science from a reputed institute

Role & responsibilities:

• Stress testing primary purpose is to ensure that all material risk concentrations are understood and consistent with the Firms risk appetite and business strategy
• Stress testing is carried out on a regular basis to ensure that the Firm has sufficient resources to continue to do business in the event of a severe downturn scenario beyond the reach of VaR/Economic Capital
• Analysis and review of scenario results, focusing on understanding behaviour of derivative products under scenario conditions
• Scenario definition and expansion
• Implementing improvements to stress testing reporting information and developing new stress tests in order to provide effective key risk management information to senior management
• Working with front office and other risk managers to review current portfolio risks and trading strategies in order to develop new scenarios / improve current scenarios to fully address market risks
• Overall consolidation Reporting: monthly / quarterly to senior management and regulators

Mind Set:

• Knowledge of Derivatives products (including exotics) Markets, Economics
• 3 - 5 years of experience in Market Risk/Stress testing, preferably on the fixed income side on trading/risk management
• Masters (MBA preferred) from a reputed institution
• Excellent oral and written communication skills
• Some experience in programming such as Excel VBA, R, Python