Risk Management – Algo Trading – Associate

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 operations.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:Risk Management Division in Powai has the following functions – Credit risk, Market risk, Quant risk, Operational risk and Market Risk Middle Office.Business Unit Overview:Market Risk Management works to identify, monitor and control the firm’s exposure to risk, analyse stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centres on a daily basis to help manage their market exposure, set & review risk strategies. Major activities involve daily analysis and interpretation of the results of risk sensitivities; validation of VaR, Incremental Risk Change, Economic Capital numbers and sign-off on the relevant Risk systems & preparation of risk reports for traders and senior business management. Risk managers are also expected to re-engineer the risk reporting process and provide ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading HeadsWhat 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: AssociateFunctional Title: AssociateExperience: 3 – 7 yearsQualification: B.Tech. / B.E. / MBA / CA / CFA / FRMRequisition No.: 11620The Electronic and Algorithmic Trading (EAT) Risk Function sits within Market Risk and is responsible for operating the Firm’s Global EAT Risk governance framework.The function provides 2nd line oversight and challenge of electronic and algorithmic trading activity across all asset classes, viz. Rates, FX, Credit, Equities and F&O businesses. These businesses operate across all regions including Japan, Hong Kong, Singapore, Germany, the UK and the US.Role & Responsibilities:- Provide support to regional stakeholders in day-to-day risk management of Electronic and Algorithmic trading activities. - Ensure compliance to EAT Risk policies and procedures by periodic reviews and reporting. - Engaging with stakeholders across divisions and regions to ensure timely deliveries. - Provide support for running of Risk Committees, Forums and preparation of meeting materials. - Review and analyse Electronic Trading relevant incidents and facilitate reviews of lessons learned and cross-functional reviews. - Coordinating regulatory attestations like MiFID II attestations. - Facilitate the annual control attestation process. The process involves understanding the process, controls and ensuring that the controls are adequate. - Review new and upcoming Electronic and Algorithmic Trading specific regulations. Support regions in performing gap analysis with the Firm’s Stakeholders to determine level of compliance, gaps, and remediation plans. - Contribute to the continued development of the Algo Control Framework and work with key stakeholders to embed new processes.Key Skills:- Ideal candidate will have decent understanding of the four key areas as below. At the minimum, we expect candidate to be well-versed with at least one of the below four: - Understanding of Electronic and Algorithmic Trading activities - Risk Limit Management in Market Risk – setup, adjustment, review and breaches - Non-financial and Operational Risks – RCSA, OpRisk Events, Risk Assessment - Technology Risk – Understanding building blocks of the tools, relevant risks. - A candidate with prior experience in IT Risk and Control / Algo Trading Risk / e-Trade Support / e-Trade Operational Risk would be preferred. - Strong written and verbal communication skills with the ability to engage with all levels of management. Understanding of Policies and Compliance would be added advantage. - Technical fluency. Specifically, must have the ability to simplify technical concepts to present effectively to a non-technical audience. - An ability to remain objective and to independently raise areas of risk exposure. - Ability to effectively collaborate with multiple stakeholders including compliance, legal, internal audit, risk managements and senior business partners. - Strong project management skills with the ability to handle multiple deliverables. - Working knowledge of the following is preferred: - Understanding of any one of the assets classes (Equity / FX / Rates) - Rules and regulations relating to electronic trading including but not limited to MiFID II, PRA, FCA, CFTC, Dodd Frank, MAR etc. - Knowledge about Algorithmic and electronic trading workflows: algorithmic trading strategies, smart order routing, order management systems, auto hedging, pricing and RFQs, dark pools, FIX protocol etc. - Fundamentals of IT change, Technology platforms and standard control requirementsWe 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).