Nomura India
Nomura India | RSK-Credit Risk
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Job Highlights
About the team
As a credit Analyst, you will be responsible for managing portfolio of EMEA/AEJ based Hedge Funds and Private Equity Funds. In this role you will be responsible for managing all aspects of the portfolio, including Ratings, Limits and exposure monitoring, monitoring early warning indicators, stress testing etc. 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.
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 management activities, as well as participating in global projects.
- The team comprises of Credit Risk Analysts, Financing Risk Analysts, Portfolio and country risk Analysts to list a few.
- Credit Officer’s responsibility for a portfolio of Counterparties within the global Hedge Fund team, primarily includes coverage for Hedge Funds (HF) and Private Equity Fund (PE).
- Undertake Due Diligence (DD) calls with clients. Collect credit information necessary for conducting detailed credit analysis.
- Conduct in-depth credit research and credit analysis and write high quality Credit Memos, to assign internal credit rating, appetite and margin tiers for clients.
- Prescribe credit terms and covenants for legal documents.
- Analyze and support trade approvals by liaising with the Financing Risk team and obtain Independent Amount (IA) or Initial Margin numbers for such trades.
- Investigate credit limit breaches by speaking to Sales, Operations and Credit Risk Analytics team, determine the cause and escalate as per Credit Policies.
- Build data processes and implement models in Python/ Alteryx to minimize manual effort and enable analysts to effectively and efficiently manage their portfolios.
- Monitor the portfolio by reviewing and updating NAV and Performance data for Hedge Funds on a monthly basis.
- Follow up with HF Managers and flag any clients with deteriorating NAV/Performance metrics.
- 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
- Design automated reports and implement process workflows for the Hedge Funds team to assist in the monitoring of this specialized portfolio, including highlighting hedge fund clients with elevated levels of risks based on client information (risk/ performance), market indicators, early warning indicators and credit exposure.
- Participating in global projects and initiatives for example: the development of scorecards, preparing credit updates for senior management, suggesting system and process improvements via automation, participating in Global Sector Forums etc.
Requirements
- Professional degree holders such as CAs (Rank holder or 1st Attempt pass), MBAs from reputed institutes or CFA.
- Other post graduate degrees will be acceptable, if accompanied by relevant CRM experience.
- Prior experience in the Hedge Fund Analysis will be an added advantage.
- Excellent verbal and written communication skills, especially report writing skills and the ability to independently lead global calls.
- Strong analytical ability, with an eye for detail and the ability to identify emerging risks.
- The ability to be a ‘self-starter’, have proactive approach to resolving issues and the willingness to learn.
- Proficiency in Microsoft Word, Excel and PowerPoint is a must, any additional technical knowledge will be an added advantage.
- Prior experience in managing a Hedge Funds portfolio.
- Experience in appetite setting, limit setting and monitoring, setting legal documentation terms.
- Strong coding skills in Python, SQL, VBA, Alteryx, Power BI.
- Good understanding of products traded by Investment Banks, legal agreements etc.
- 4-6 years’ prior experience in CRM or Rating assignments, working in any sector.
- Experience: 4 – 6 years
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.
