Job Title:  Internal Auditor Credit and Market Risk Associate

Corporate Title: Associate

Department: Internal Audit

Location: New York, NY

The pay range for this position at commencement of employment is expected to be between $105K and $130K/year* (see below footnote for additional compensation and benefits information). 

Company overview

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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.

Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors

Department Overview:

Nomura's Global Internal Audit Division provides independent assurance to senior management and the Board, reinforcing the firm's sound risk culture and control environment. We operate across major financial centers and collaborate closely with the First and Second Lines of Defense to evaluate and enhance governance, risk management, and regulatory compliance.

Role Overview:
The Internal Auditor Associate – Credit & Market Risk acts as the functional Subject Matter Expert (SME) for assessing the Second Line of Defense (2LoD) oversight of credit and market risks within Nomura's Wholesale Division businesses.

The auditor will evaluate how the Credit & Market Risk functions identify, measure, monitor, and report risk exposures, and how risk appetite frameworks translate across asset classes, products and regions. This role focuses exclusively on credit and market risk management audits. However, developing familiarity with how models and valuation processes feed into credit and market risk frameworks is expected to ensure effective collaboration with Internal Audit’s Model Risk and Valuation SMEs. 

This is a hands-on, analytical role suited to professionals who combine regulatory and product knowledge with a quantitative mindset, advanced analytics capabilities, and strong stakeholder engagement skills. Knowledge of derivative products, credit risk measurement methodologies, Basel III requirements and data analytics, tools, and methodologies are considered key requirements.

Role Description / Areas of responsibility:

• Actively participate in all phases of our credit risk audits, assisting with the design, creating tests, documenting workpapers, drafting issues, and presenting findings to senior audit management.
• Assist is monitoring the audit budget, identifying deviations from the plan, and presenting status reports to the Auditor-in-Charge (AIC).
• Participate in other functional audits such as market risk.
• Actively promote and ensure consistency with Internal Audit policies and foster a strong understanding of professional practices across the team.
• Maintain a current understanding of changes to Nomura’s credit risk profile, organization, and regulatory environment within your assigned area and close partnership with key stakeholders. This includes assisting in writing a Continuous Monitoring quarterly update for senior management regarding (1) notable changes impacting the inherent risk of the audit entity; (2) changes in the control environment, and (3) changes to the audit plan and risk assessment.
• Work with the Credit Risk Audit team to document in detail the Credit Risk coverage across key dimensions of business lines, material legal entities and regulations, and assist in developing a 3-yr audit cycle in line with Internal Audit methodology.
• Collaborate with the team manager and colleagues to provide support on audit requests, special projects and follow up issues.
• Collaborate with global data analytics and AI COE to develop and implement custom data analytics and automated testing for specific audit reviews to identify control weaknesses while also contributing to the design and maintenance of sustainable continuous monitoring tests for ongoing auditing.

Skills, experience, qualifications and knowledge required:

• Minimum of 3 years of experience in Credit Risk Management in a major Investment Bank. Experience or interaction with Market Risk Management is highly desirable. Alternatively, Credit and Market Risk audit experience at a Big 4 or similar large-scale professional services firm is also preferred.
• Knowledge of Market Risk management processes, controls and limits.
• Bachelor’s degree in quantitative sciences, Business, Finance, or Risk Management.
• Ability to work in a fast-paced environment with teams in the US, EMEA, and Asia.
• Confident manner and well-developed communication (both verbal and written), influencing, interpersonal and project management skills.
•  Ability to execute audit work adhering to Nomura’s internal audit methodology, and to effectively discuss control issues with senior auditees.
• Knowledge of credit risk processes, including credit risk underwriting and sanctioning, counterparty credit risk management, wholesale credit risk governance, relevant regulatory requirements etc. a plus
• Understanding of regulatory/supervisory guidance impacting credit risk such CFTC’s Risk Management Program (17 CFR 23.600), EBA Capital Requirements Directive IV (CRD-IV), Capital Requirements Regulation (CRR) Rulebook, and BCBS Counterparty Credit Risk guidelines a plus

Nomura Leadership Behaviors 

Explore Insights & Vision 

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future. 

Making Strategic Decisions 

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations. 

Inspire Entrepreneurship in People 

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity. 

Elevate Organizational Capability 

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.  

Inclusion  

• Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect). 

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.

Nomura is an Equal Opportunity Employer