Nomura India | Credit Risk Specialist

Responsibilities

• The division is responsible for effectively managing the firm's risk-return profile which ensures the efficient deployment of the firm's capital.
• Credit Risk Infrastructure (CRI) exposure validation group is a sub-function under Risk Infrastructure that is responsible for credit risk model output governance.
• The team gets closely involved in various changes projects relating to Credit Risk Model maintenance, Risk engines, during introduction or enhancements to various exposures/ metrics, new legal entities, Model / valuation function release testing and change adoption.
• The team is also responsible for various regulatory capital calculation and sign off process for various regions from risk management aspects.
• Provide comprehensive variance explanations to key stakeholders including NEHS, NHI, and Local Regulatory Capital teams on daily, monthly, and quarterly cadences.
• Support Credit Risk Management (CRM) by analyzing excess management queries, exposure inquiries, and adjustment-related issues applied by CRM or CRI validation teams.
• Coordinating with multiple regional and global groups to understand portfolios movements and resolving issues if any.
• Own and govern data issues related adjustments for in-scope credit risk exposure metrics, maintaining a robust governance framework for all such modifications.
• Proactively engage with new trade bookings and structures from a trade capture perspective, partnering closely with Credit Risk Managers and regional Credit Risk Infrastructure (CRI) teams.
• Collaborate with regional CRI teams to support new business evaluation processes and deliver actionable, data-driven recommendations.
• Active involvement in Risk Change Management & UAT Support on credit risk models and systems.
• Key initiatives to enhance and improve processes and procedures to gain efficiencies.
• Execute daily variance analysis for critical credit exposure metrics including Current Exposure (CE), Potential Exposure (PE), Maximum Potential Exposure/ANC (MPE), Stressed Current Exposure (SCE), Stress Loss (SL) and Expected Effective Positive Exposure (EEPE/stressed EEPE), utilizing a dynamic variance threshold framework with Outliers and Explains methodology

Requirements

• Good understanding of trade Lifecycle and trade attributes across for Global Market products like OTC, SFT, Money Market, Loans etc.
• Strong understanding of financial markets and products traded (OTC and Exchange cleared).
• Decent understanding of Risk Models and Risk Metrics to comprehend impact on counterparty exposures movements.
• Exposure to regulatory reporting requirements & be able to comprehend implication of new regulatory developments.
• Well conversant with technologies like SQL and Python. Exposure to LLM models and understanding of AI implementation would be preferred.
• Experience: 0-4 yrs +

Nomura

Nomura is a Japanese financial services group, founded in 1925 and headquartered in Tokyo, with a network spanning around 30 countries and regions. Its business is organised into four divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.

In India, Nomura Services India in Powai, Mumbai supports the group's global businesses with teams in financial control and reporting, risk management, operations, research, trading support, compliance, legal and technology. Roles in financial control, product control, regulatory reporting, risk, audit and operations there suit chartered accountants, ACCA and CFA professionals and MBA (Finance) graduates.

• Industry: Global investment banking and financial services
• Headquarters: Tokyo, Japan (Nomura Holdings, Inc.)
• In India: Nomura Services India in Powai, Mumbai, a large centre supporting the group's businesses worldwide, with further offices in Mumbai and Gurugram