Nomura India | RSK-Credit Risk

About the team

The unit comprises of Credit Risk Analysis, Credit Risk Exposure management, Cash DVP, Portfolio and country risk sub teams. 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.

• Work location: Powai, Mumbai

Responsibilities

• 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.
• 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.
• As Cash DVP credit analyst, you will be responsible for managing cash portfolio across sectors.
• 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.
• 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.
• 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.
• Use of appropriate credit risk mitigants, including netting, collateral, and hedging
• Produce weekly Management Information

Requirements

• CA Fresher/PGDM/MBA (Finance)/ 5-8 years of prior experience in Credit Risk Analysis of Financial Institutions like Banks, NBFCs, Insurance companies, Broker Dealers etc.
• 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.
• Prior experience in credit risk or techno functional role in Credit technology or change management.
• Good understanding of products and credit risk life cycle.
• Strong coding skills in Python, SQL, VBA, Alteryx, Power BI, with hands-on experience in self-driving the initiatives using these tools.
• CFA/FRM charter holders or its candidates pursuing the courses across various levels

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