Risk Management -Credit Risk - EMEA Regulated Funds - Analyst / Senior Analyst

Nomura Overview:

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

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:

The Risk Department at Nomura is broadly organised according to the main risk classes; Market Risk, Credit Risk and Operational Risk. The Risk Department provides senior management with an independent view of the principal risks taken by individual business units.

Business Overview:

Credit Risk Management (CRM) is an independent risk oversight function, reporting to the Global Chief Risk Officer (CRO). Its mandate is to manage the risk of loss arising from an obligor or counterparty's default, insolvency or administrative proceeding which results in the obligor's failure to meet its contractual obligations in accordance with agreed terms.

The process for managing credit risk at Nomura includes:

Evaluation of likelihood that a counterparty defaults on its payments and obligations;

Assignment of internal ratings to all active counterparties;

Approval of extensions of credit and establishment of credit limits;

Measurement, monitoring and management of Nomura's current and potential future credit exposures;

Setting credit terms in legal documentation, including margin terms; and

Use of appropriate credit risk mitigants, including netting, collateral and hedging

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: Analyst/Senior Analyst

Functional Title: Analyst

Experience: 2-3 years

Qualification: Post-graduate/ Professional degree

Role & Responsibilities:

• Credit Officer Responsibilities for a portfolio of Counterparties within the EMEA Fund's portfolio, which includes Investment Advisors, Mutual Funds and Pension Funds.
• Daily responsibilities broadly include:

- Conduct in-depth credit research and credit analysis and write high quality Credit Memos, to assign internal credit rating and risk appetite for clients

- Approving new client onboarding requests, after performing necessary due diligence

- Prescribe credit terms and covenants for legal documents.

- Investigate credit limit breaches by speaking to Sales, Operations and Credit Exposure management team, determine the cause and escalate as per Credit Policies

- Monitor the performance of assigned Counterparties and closely track developments related to the Counterparty, industry, regulations, etc. and take appropriate action as necessary

- Ensuring that all KRI's related to the portfolio are within limits

• Participating in global projects and initiatives for example: the development of score cards, preparing credit updates for senior management, suggesting system and process improvements, participating in Global Sector Forums etc.

Mind Set:

Domain

• Post graduate degrees will be acceptable, if accompanied by relevant CRM experience.
• At least 2-3 years prior experience in CRM or Rating assignments, working in any sector. Prior experience in the Funds sector will be an added advantage
• Excellent verbal and written communication skills, especially report writing skills and the ability to communicate clearly in global calls
• Strong analytical ability, with an eye for detail and the ability to identify emerging risks
• The ability to be a self-starter, have proactive approach to resolving issues and the willingness to learn
• Professional degree holders (CFA/FRM/CA)
• Experience in appetite setting, limit setting and monitoring, setting legal documentation terms
• Good understanding of products traded by Investment Banks, legal agreements etc.
• Prior experience in managing a Regulated Funds portfolio

Technical

• Microsoft Word, Excel
• Data Analytical abilities, Advanced excel, Powerpoint or PowerBI/Python