IAU-Auditor

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, (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.

• Define and execute the audit strategy for risk-based audits of Model Risk Management functions across Nomura's global business
• Lead complex global model risk audits and provide technical oversight of team deliverables
• Develop and oversee the annual audit plan for model risk coverage, incorporating emerging risks and regulatory changes
• Assess the firm's model development processes, validation frameworks, and governance structures against industry and regulatory standards
• Lead the evaluation of model performance monitoring and appropriateness of model usage during Business Line audits
• Provide technical leadership in assessing the robustness of model validation processes performed by the second line of defence
• Evaluate the firm's model risk management practices against regulatory standards such as SR 11-7, JFSA, UKPRA, BAFIN and ECB requirements
• Drive risk assessments of model risk related auditable entities and maintain current knowledge of the firm's model risk profile
• Build and maintain trusted relationships with senior business partners, External Auditors, and Regulators
• Lead the development and implementation of data analytics and automated testing approaches
• Help manage and develop a team of quantitative audit professionals
• Provide technical guidance to other audit teams on model-related aspects of their reviews

Skills, experience, qualifications and knowledge required:

• Master's or PhD in quantitative sciences, with 12-15 years of relevant experience in model risk management, including relevant experience as a practitioner (developer of validator)
• Proven track record of leading complex model risk assignments in a global financial institution
• Deep expertise in pricing and risk models design, development, calibration, stress testing and validation. The experience should be in 1st or 2nd line of defence functions at an institution dealing with complex capital markets products trading activities. Consulting experience would also be considered.
• Comprehensive understanding of quantitative finance, model development, and validation frameworks
• Strong financial mathematics background with expertise in stochastic calculus, statistics, and numerical methods
• Experience managing and developing technical teams
• Extensive market knowledge across asset classes and experience in risk managing derivative products (IR, FX, Credit, Equity, Inflation, etc.)
• Strong project management capabilities and demonstrated ability to deliver under pressure
• Excellence in stakeholder management at senior levels
• Outstanding written and verbal communication skills
• Proven ability to challenge and influence senior stakeholders while maintaining professionalism
• Independent thinking and strategic mindset
• Previous audit experience advantageous
• Proficiency in programming languages, preferably Python, and experience with data analytics
• Relevant professional certifications (FRM, PRM, etc.) preferred

Equal Opportunity Employer:

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.