Market Risk FRTB – Associate

1 month ago

mumbai, India Nomura Full time

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.

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 that 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:

Market Risk Management works to identify, monitor and control the firm’s exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centers 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 Heads

Position Specifications:

Corporate Title: Associate

Functional Title: Associate

Experience: 4 to 5 years

Qualification: Graduate / Post Graduate

Requisition No.: 6111

Role & Responsibilities:

The role involves identifying issues in the risk valuation under the Global Rates products desk of Nomura as per the IMA FRTB norms. The key objective is to identity, analyze, and resolve the discrepancy between Risk Theoretical P&L and Front Office Hypo P&L so that the firm can pass the regulatory back-testing requirements to deploy the IMA FRTB model in 2025.

The role entails collaborating with Global cross-functional teams such as

  • Risk Methodology team and Product Level Risk Managers to identify issues/limitations/solutions in the valuation of different products
  • IT Team to identify system limitations and improvements
  • Market Risk Infrastructure Team to deploy the necessary changes in the risk valuation

Mind Set:

Domain

· Good knowledge of Financial Products (especially derivatives), Financial Markets, Economics

· Understanding of risk sensitivities, VaR and economic capital

· Background in a numerical discipline: engineering; math; science; etc.

· Strong analytical, quantitative and technical abilities

· Strong communication skills (oral and written)

Technical

· Certification in CFA/FRM

· Python for Finance

· Knowledge of Power BI, Alteryx

· Advanced Excel

· Good knowledge of FRTB regulations

The firm is an equal opportunity employer. The firm and its affiliates do not discriminate in employment based on race, religion or belief, gender, national or ethnic origin, disability, age, citizenship, marital or domestic / civil partnership status, sexual orientation, gender identity or gender expression.

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