Nomura India | RSK-Model Validation Group

About the team

MVG also develops measures of Model Risk, monitoring Model Risk vs. the firm’s Model Risk Appetite and escalates model approval breaches.

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.
• The Model Validation Group (MVG) is globally responsible for independently validating the integrity and comprehensiveness of models utilized in the firm’s business activities.
• This position is primarily responsible for reviewing the models utilized in the Nomura Research Division (e.g., Economic Research and Quantitative Analytics team supporting the Investment Banking business).
• Based on Nomura Group's Model Risk Management Framework, you will primarily focus on validating models utilized in the Research Division, which include Equity Research, Economic Research, and Quantitative Analytics team supporting the Investment Banking division.
• Additionally, you will contribute to the establishment and promotion of model governance.
• Model risk management is currently gaining significant attention from the financial industry and regulatory authorities.
• In response, its scope has expanded to encompass all models utilized by financial institutions.
• Nomura Group has developed a robust framework based on a risk-based approach that complies with regulations in Japan, Europe, and the United States, and is working to implement it across all divisions.
• You will join a key project aimed at building a strong model risk management framework by addressing challenges with flexibility and integrity while collaborating closely with stakeholders.
• With the rapid evolution of AI and other technologies, the importance of effective model risk management continues to grow.
• We look forward to welcoming new team members who aspire to deepen their expertise and build a meaningful career within this transformative field and its application to models used in Research division.

Requirements

• A strong graduate/ post graduate degree in Engineering, Mathematics, Statistics, Computer Science, Economics or other quantitative area.
• Market research of equities, interest rates, or FX (proficiency in one asset class is sufficient).
• A strong graduate/ post graduate degree in Engineering, Mathematics, Computer Science, Economics or other quantitative area.
• Proven work experience conducting quantitative analysis using programming (proficiency in Python, R, or VBA is required).
• Strong written communication and reporting skills in English, as you will collaborate with overseas stakeholders.
• Exposure to AI, ML techniques

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