Division 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.

Business Unit Overview:

Credit Risk Analytics (CRA) develops the quantitative methodologies used to measure counterparty credit risk provides analyses and consultation on credit risk quantification, participates in global efforts on modelling credit risk exposure.

This team is responsible for the enhancement and methodological support of PRISM, the global counterparty credit exposure measurement system, to accommodate new business needs and maintain compliance with major regulatory standards, including SEC/NFA, PRA, and J-FSA. The team works to support business and risk managers for live structured derivatives transactions and handles various regulatory requirements including Backtesting, Model Performance Monitoring (MPM), stress testing, model reviews, calibration, User Acceptance Testing, and documentation of models.

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.

Position Specifications:

Corporate Title	Associate/ Senior Associate
Functional Title	Associate
Experience	4 - 6 years
Qualification	Masters in Quantitative discipline (B.E / B. Tech+, M. Tech, MSc (Maths / Stats), Econometrics)
Requisition No.	12806

Role & Responsibilities:

This associate role within CRA Powai will be focusing on carrying out counterparty risk model development and performance review tasks for various Nomura group legal entities including US and EMEA regions.

Support the execution and ongoing maintenance of the Model Performance Monitoring (MPM) framework, including quantification of model limitation impacts and preparation of supporting analysis and documentation that meets regulatory guidelines.
Support model validation and audit related queries on MPM analysis.
Conduct data analysis, validation, and reporting for MPM initiatives while maintaining model performance trackers and dashboards to enhance transparency, governance, and audit readiness.
Support implementation of risk models into strategic risk systems, including developing methodologies, building prototypes, writing technical business requirement documents, performing comprehensive model testing, ensuring regulatory compliance, and coordinating with model validation groups.
Collaborate with Risk IT in the strategic implementation of various initiatives
Support regulatory reviews and inspections by providing comprehensive analysis and documentation as required

Key Skills:

Domain

Sufficient exposure to development or validation of counterparty credit risk models and regulatory landscape.
Basic understanding of stochastic calculus, Derivative pricing, Monte Carlo Simulation.
Proficiency in Python / Excel - VBA
Strong verbal and written communication skills
Organisational skills, multi-tasking and detail oriented
Delivery focussed with the ability to work effectively under pressure and meet tight timelines.

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We 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.

.Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression Nomura refers to Nomura Services India Private Limited together with its affiliates.

.The benefits are subject to change and will be in accordance with Company's policies as may be applicable from time to time).

RSK-Risk Methodology Group