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    Job · 14626918

    Nomura Holdings logo

    RSK-Risk Methodology Group

    Nomura Holdings · Mumbai · onsite · Posted 54d ago

    Not disclosed2–6 yrsfulltimeSourced fromFoundit

    About a minute. You'll make an account on the way through.

    About this role

    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. The Risk Management Division in India comprises:

    • Market Risk Management
    • Credit Risk Management
    • Quantitative Risk Management
    • Operational Risk Management
    • Data Integrity Group

    Business Unit Overview:

    Stress testing's primary purpose is to ensure that all material risk concentrations are understood and consistent with the Firm's risk appetite and business strategy. Stress testing is carried out on a regular basis to ensure that the Firm has sufficient resources to continue to do business in the event of a severe downturn scenario beyond the reach of VaR/Economic Capital.

    The Stress Testing analytics is a sub-team of the Risk Methodologies Group (RMG) has the mandate to develop / enhance stress testing models in line with internal and regulatory requirements/guidelines provided on Stress testing framework. The methodologies side of the group has the critical task of owning and developing all the stress testing models that are used for computing capital adequacy for the whole firm under various regulator(s) provided scenarios or internal scenarios. The team works extensively on the regulatory capital model under stress scenarios Works with front office and other risk managers to review pricing errors under full revaluation methods and also enhance the stress testing models. The role will predominantly focus on the development, documentation and maintenance of the various Stress testing models across various legal entities.

    What 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

    Position Specifications:

    Corporate Title

    Analyst/Associate

    Functional Title

    Analyst/Associate

    Experience

    2 - 6 years

    Qualification

    Graduate/Post Graduate in Quantitative discipline

    Role & Responsibilities:

    • Work closely with the Stress Testing Group (STG), the Risk Methodologies Group (RMG) and Risk Model Validation Group (RMVG)on the projects related to Stress Testing Framework.
    • Development and periodic update of proto-type models with special attention to the model related to Market risk and Counterparty Credit Risk.
    • Implementation of stress testing models into strategic risk system (this includes developing methodology, building prototype, writing technical business requirement document, performing model testing, ensure compliance with regulatory requirements and liaising with model validation group).
    • To act as a subject matter expert for the stress testing models and providing support to the model users (i.e. stress testing group) and be a key point of contact with respect to such models.
    • Work on the stress testing guidelines, perform firm wide analysis to assess the impact of stress testing models and support in quantitative impact study (QIS).
    • Create strategic tools for stress testing models using python.
    • Perform model performance monitoring tests on the stress testing models.
    • Participate in periodic review of models and calibration of model parameters.
    • Provide necessary support to Model validation group/Audit team during validation of stress testing models including any model change on an ongoing basis.

    Mind Set:

    Mandatory

    Desired

    Domain

    • 2-6 years of experience either in Market risk or Credit risk with good understanding of risk modelling.
    • Good understanding of mathematical concepts like probability, statistics, calculus, linear algebra.
    • Good knowledge of Python, SQL, VBA.
    • Good understating of financial products (Bonds, Derivatives)

    • A strong Mathematical/Statistical background.
    • Actuaries (Cleared at least 3 CT papers) would be advantage
    • FRM/PRM/CFA certification would be added advantage.

    We 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).

    Sourced from foundit

    Skills

    VBAPythonSQL

    About Nomura Holdings

    Nomura Holdings logo

    Nomura Holdings

    Investment Banking / Venture Capital / Private Equity

    4.2k+

    employees

    1925

    101 years old

    Mumbai, Maharashtra

    India

    ₹15.1L PA avg

    Avg at Nomura Holdings

    About

    Nomura Holdings is a premier financial services group, offering diverse solutions globally while prioritizing client-focused strategies and ethical practices.

    Industries

    Financial Services

    Employee ratings

    10 reviews

    3.7/ 5

    Culture

    3.8

    Career growth

    3.0

    Work-life

    3.8

    Employees rate it well for

    Job Security38Company Culture37

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