RSK-Credit Risk

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

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:

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 area.

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

Business Unit 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

CRM Powai

CRM Powai is an integral part of the CRM function globally, responsible for credit risk analysis of a diverse portfolio of counterparties across sectors and regions. The team is engaged in assigning credit ratings, carrying out sector and peer reviews, recommending and monitoring credit limits, suggesting credit terms for legal agreements, tracking early warning indicators, and various other portfolio and exposure management activities, as well as participating in global projects. The unit comprises of Credit Risk Analysis, Credit Risk Exposure management, Cash DVP, Portfolio and country risk sub teams.

Position Specifications:

As Cash DVP credit analyst, you will be responsible for managing cash portfolio across sectors. In this role you will be responsible for managing all aspects of the portfolio, including assign Ratings, Limits, and exposure monitoring, monitoring early warning indicators for Cash DVP. In addition, you will support the build out of specialized data analytics and portfolio tools and actively participate in the risk monitoring of the portfolio. The position requires you to frequently interact with Clients, Traders, Operations, Legal and other teams in Risk Management, and where necessary escalate credit concerns to senior management.

Corporate Title

Analyst

Functional Title

Analyst/Sr. Analyst

Experience

Fresher/1-3 Years

Qualification

CA Fresher/Master's degree in finance from top institutes

Requisition No.

Role & Responsibilities:

The position is for DVP Client Review Team. This is highly visible global role, which involves working across functions and managing the cash DVP client portfolio across sectors and geographies.

Responsibilities include ensuring the process is effective, stepping in to resolve conflict, escalating issues promptly, presenting at global committees, automating tasks and project management.

The DVP team has global coverage across all sectors and regions, and is centralised in Powai. The team works closely with Credit Officers in CRM, as well as other divisions including Front Office, Middle Office, Operations, IT.

 Specifically, the DVP team has following responsibilities:

• Assign credit ratings to obligors actively trading on a Delivery v/s Payment (DVP) basis, using internal quantitative models.
• Reaffirm the ratings on an annual/semi-annual basis for a portfolio of counterparties from across sectors, including Investment Advisors, Funds, Banks, Insurance Companies, Brokers, and Corporates.
• Monitor the performance of Counterparties, market developments, and closely track developments related to Counterparty, industry, regulations, etc. and take appropriate action as necessary.
• Liaise with Front Office / Credit Officers / Middle Office /Operations to correct Data Quality issues.
• Produce weekly Management Information
• Work on adhoc projects required by Front office/Credit Officers of different regions and other global projects for e.g. the development & maintenance of scorecards, process enhancements, automation etc.
• Build data processes and implement models in Python/ Alteryx to minimize manual effort and enable analysts to effectively and efficiently manage their portfolios.
• Contribute to the firm's Risk Change agenda and participate in regulatory and audit assessments.

Mind Set:

Mandatory

• CA Fresher/PGDM/MBA (Finance)/1-3 years of prior experience in Credit Risk Analysis or Credit Reporting or part of techno functional roles in the credit risk domain.
• Strong analytical skills, including data analysis and technological skills.
• Excellent verbal and written communication skills, ability to present at Committees and lead Discussion Forums.
• Delivery focussed with the ability to work well under pressure and meet deadlines under compressed timescales.
• Attention to detail, ability to understand the big picture and act accordingly.
• The ability to be a "self-starter", working without supervision and managing multiple stakeholder expectations.
• Strong coding skills in Python, SQL, VBA, Alteryx, Power BI, with hands-on experience in self-driving the initiatives using these tools

Desired

• Prior experience in credit risk or techno functional role in Credit technology or change management.
• Good understanding of products and credit risk life cycle.
• CFA/FRM charter holders or its candidates pursuing the courses across various levels

The firm is an equal opportunity employer, and we are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. The firm and its affiliates 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.