Nomura India
Nomura India | RSK-Credit Risk
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Job Highlights
About the team
Global Credit Risk Management (CRM) is an independent Risk oversight function, reporting directly into 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. CRM Powai is an integral part of global CRM, responsible for credit risk management of a diverse portfolio of counterparties across sectors and regions. Closely aligned with the regional teams, we are amongst the highest value-added Risk Management divisions in India.
Responsibilities
- The division is responsible for effectively managing the firm's risk-return profile, which ensures the efficient deployment of the firm's capital.
- Risk Management in Nomura globally, works as a partner to business.
- The team comprises professional degree holders, who are driven to tackle unstructured problems independently.
- Besides core CRM responsibilities of assigning credit ratings, credit limit management, suggesting credit terms for legal agreements, and portfolio monitoring, the team also participates in structured deal analysis, presents at global forums, and plays a leading role in global projects.
- Outside of Risk Management, the team collaborates with other Divisions such as Sales and Trading, Legal, Finance, Finance, Compliance, Treasury, On-Boarding, Operations to achieve its objective of protecting the firm against credit losses.
- The team is also involved in the firm’s FinTech initiative and independently works on end-to-end projects to generate in-house solutions
- Write credit reviews recommending credit ratings for counterparties trading with Nomura.
- This includes an evaluation of a counterparty’s business model, its credit profile, macro-economic and sector trends, financial analysis, performance vs its peers etc.
- Perform in-depth sector and peer reviews, highlighting key trends, growing risks and possible risk mitigation to be undertaken by the firm.
- Participate in due diligence calls.
- Monitor the performance of counterparties and closely track developments related to a counterparty, industry, economy, regulations, markets etc., which could adversely impact the credit profile.
- Where necessary, detailed notes with the view/outlook and appropriate risk management action will have to be sent to senior management within the Risk division.
- Assist regional analysts in setting and negotiating credit terms to be included in legal agreements with a counterparty.
- Present at various forums on critical developments.
- Determining Nomura’s trading capacity by assigning risk appetite to a counterparty.
- Set or rationalize credit limits in conjunction with business activity with a counterparty.
- Investigate limit excesses by liaising with Front Office, Operations and Exposure Analytics team, to determine the cause and escalate genuine breaches of credit policies.
- Analyze stressed exposure under various scenarios and provide commentary on the same.
- Participate in ad-hoc projects related to rating methodology, portfolio monitoring, regulatory requirements etc.
- Be responsible for independently reviewing and monitoring counterparties within the Financial Institutions portfolio, which includes Banks, Brokers, Central Clearing counterparties, Mortgage Originators, Insurers, and other Financial Institutions.
Requirements
- Professional degree holders such as CAs, MBAs from reputed institutes or CFA.
- 6-8 years’ experience in writing credit rating reviews on Financial Institutions (Banks and/or Broker dealers) is mandatory.
- Strong analytical skills and flexible thinking across disciplines.
- Must have excellent communication skills, both verbal and written.
- Ability to work in a global set-up, multi-tasking and handling several tasks and stakeholders independently.
- Self-starter with the willingness to work independently and flexibly in a challenging environment.
About the company
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.
