Risk Management - Model Risk Management (IRB)

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 operation

s.
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 Awar

ds.

Divisional Over

view: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. The Risk Management Division in India compr

• ises:Market Risk Manag
• ementCredit Risk Manag
• ementRisk Method
• ologyModel Risk Manag

ement
Business Unit Ove

rview:Model Risk Management is a group within Risk Management headed by the Global Head of Model Risk responsibl

e for:(1) Executing and maintaining an effective Model Risk management fram

ework.(2) Producing a consolidated view of Model Risk for comparison with the Model Risk App

etite.(3) Independently validating the integrity and comprehensiveness of the Models in the

Firm.The Firm is seeking to recruit a member for IRB (Internal Rating Based Approach) model validation team. The successful candidate will have a strong quantitative background and will be responsible for the independent validation of Nomura's IRB M

odels.
What We

• Offer:
  We support employee wellbeing by ensuring a sense of purpose and be
• longing.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 str

uctures.
Position Specif

ications:
Corporate Title: VP

/AssociateFunctional Title: VP/AVP

/AssociateExperience: 3

-10 years

Roles and Respo

nsibilities:
The current role will specifically cover the fol

• lowing areas:
  Independent Validation of IRB Mod
• els, includingAssessment of conceptual soundness
• of IRB ModelsImplemen
• tation TestingModel Risk Analysis – to identify, analyse and quant
• ify Model RiskDesign and implementation of Model Risk Control processes
• for IRB ModelsPreparation of model review
• documentationHandling of IRB regu

l

atory mat

ters

Min

• d Set:
  
  EssentialA hands on working experience in a quantitative environment either as a Model Developer

• or Model Validator
  Strong academic background in Mathematics, Physics, o

• r similar education
  Experience with model validation techniques: backtesting, performance monitoring, calibration checks, stress-testing alignment and s

• ensitivity analysis.
  Advanced Excel skills, including proficiency with formulas, pivot tables, and ability to perform data analysis and validatio

• n workflows in Excel.
  Excellent verbal & written communication skills in English and competent in delivering high-quality

• evidence-based reports
  Self-motivated work attitude and ability to deal wi

th variou

• s stakeholders
  DesirableExperience in validation of IRB models in financial institutions or in a relevant func

• tion in major corporates
  Solid understanding of credit risk concepts and IRB model types (PD, LGD, EAD), credit scoring methodology and portfoli

• o credit risk principles.
  Experience in scientific programming & data visualization i