RSK-Credit Risk

0-2 years
a month ago 6 Applied
Job Description

Nomura Overview:

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

Nomura Services India, (Powai) supports Nomura's businesses around the world. Powai s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura's global operations and are an integral part of Nomura's global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura's global business.

Nomura is an equal opportunities employer. We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career's responsibilities, sexual orientation, gender identity, race, color, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.

Divisional 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:

Global Credit Risk Management (CRM) is an independent Risk oversight function, reporting directly into 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.

To achieve this, CRM has professionals located in each of the Firm's principal regions, employing a range of qualitative and quantitative analytical skills needed to:

    1. provide independent risk management oversight
    2. continuously evaluate, monitor and rate all the Firm's counterparties
    3. evaluate and approve credit exposures (subject to established credit authority guidelines and approval procedures)
    4. provide timely and accurate credit data and analysis to the Firm's management, Business Units and Regulators

CRM Powai is an integral part of global CRM, responsible for credit risk management of a diverse portfolio of counterparties across sectors and regions. Closely aligned with the regional teams, we are amongst the highest value added Risk Management divisions in India. The team comprises of professional degree holders, who are driven to tackle unstructured problems independently.

Besides core CRM responsibilities of assigning credit ratings, credit limit management, suggesting credit terms for legal agreements, and portfolio monitoring, the team also participates in structured deal analysis, presents at global forums, and plays a leading role in global projects. Outside of Risk Management, the team collaborates with other Divisions such as Sales and Trading, Legal, Finance, Compliance, Treasury, On-Boarding, Operations to achieve its objective of protecting the firm against credit losses. The team is also involved in the firms FinTech initiative and independently works on end-to-end projects to generate in-house solutions.

Role & Responsibilities:

As a Credit Analyst, you will be given training in analysis of financial statements, macro/economic environment and business profile of entities to arrive at a credit rating. You will learn to write detailed analytical reports and use credit rating models to arrive at a credit rating, which is used to set risk appetite and in capital calculations for the bank.

You will be part of a dynamic team that not only manages credit risk for the bank, but also participates in global projects, strives to improve processes by using technology and tools available in the firm, and is well integrated with the global CRM Division.

Job Description

A fully trained Credit Analyst is responsible for carrying out the below responsibilities with respect to an assigned portfolio of Nomura counterparties:

  • Carrying out credit risk assessment for Corporates, Financial Institutions or Funds (Investment Advisors, Mutual Funds, Pension Funds, Hedge Funds) globally.
  • Daily responsibilities include:

- Performing in-depth analysis and writing credit reviews to assign credit ratings for counterparties on an annual/semi-annual basis. This would include financial statement analysis (P&L, Balance Sheet, Cash Flow Statement), business profile analysis along with peer and sector analysis

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

- Investigate credit limit breaches by liaising with Sales, Operations, Middle Office teams etc. to determine the cause of the breach, and take necessary action as per Credit Policies

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

  • Participating in ad-hoc projects e.g. using data to create models/scorecards, automating processes using data analytical tools etc.

Requirements

  • Excellent verbal and written communication skills are a must
  • Good analytical and logical reasoning ability, a desire to create a career in research / analysis
  • Self-starter with the inclination to work hard and flexibly, in a rewarding environment
  • Interest and willingness to learn new skills and apply these to grow as an Analyst
  • Proficiency in Microsoft Word, Excel and PowerPoint is a must. Knowledge of Python, Alteryx, PowerBI, SQL is desirable

JOB TYPE

Function

Skills

credit risk assessment
fintech initiative
credit limit management
structured deal analysis
global forums
portfolio monitoring
credit losses
credit policies
models/scorecards
credit reviews
automating processes
peer and sector analysis
credit limit breaches
credit data
credit rating models
credit exposures
data analytical tools
credit terms

At Nomura you will discover a unique spirit and proud heritage. Since 1925, Nomura has built on a commitment to deliver unique value to clients by connecting markets East & West. We continue to service our clients in a differentiated way, providing creative and entrepreneurial solutions.If you are keen to be a part of a highly nimble and diverse workforce that offers opportunities for you to build a long term career, then come and discover more about Nomura. This could be a perfect fit for you.Since our founding we have accumulated an unparalled depth and breadth of experience throughout Asia and the rest of the world. We are a highly integrated global network of 27,000 people in 30 countries across our retail, asset management and wholesale (Global Markets and Investment Banking) divisions.

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