Job Title: RSK-Stress Testing Group
Nomura is an Asia-based 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:
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 area.
The Risk Department at Nomura is broadly organised according to the main risk classes Market Risk, Credit Risk, New Business and Operational Risk. The Risk Department provides senior management with an independent view of the principal risks taken by individual business units
Position Specifications:
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Experience |
2 – 6 years |
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Qualification |
Bachelors of Masters with finance/ statistics/engineering/math/science from a reputed institute |
Roles and Responsibilities:
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Stress testing primary purpose is to ensure that all material risk concentrations are understood and consistent with the Firms risk appetite and business strategy |
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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 |
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Analysis and review of scenario results, focusing on understanding behaviour of derivative products under scenario conditions |
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Scenario definition and expansion |
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Implementing improvements to stress testing reporting information and developing new stress tests in order to provide effective key risk management information to senior management |
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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 |
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Overall consolidation Reporting: monthly / quarterly to senior management and regulators Satisfy the regulators scenario requests and other infrastructure and control requirements
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Key Skills required:
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Mandatory |
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Desired |
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Domain |
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