Job Title: RSK-Stress Testing Group
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, 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
The firm is an equal opportunity employer, and we are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. The firm and its affiliates 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.