RSK-Model Validation Group at Nomura Holdings, inc.
Worldwide
<span class="jobdescription"><p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><u><span style="font-size:12.0pt;font-family:Arial, sans-serif;color:black"> </span></u></strong></p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.5pt;font-family:Arial, sans-serif;color:black">Nomura Overview:</span></strong></p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.5pt;font-family:Arial, sans-serif;color:black"> </span></strong></p> <p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-size:10.0pt;line-height:113%;font-family:Arial, sans-serif">Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit </span><a href="http://www.nomura.com"><span style="font-size:10.0pt;line-height:113%;font-family:Arial, sans-serif;color:#c00000">www.nomura.com</span></a><span style="font-size:10.0pt;line-height:113%;font-family:Arial, sans-serif">.</span></p> <p style="margin:0.0cm 43.55pt 0.3pt 41.65pt;text-align:justify;line-height:113%;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-size:10.0pt;line-height:113%;font-family:Arial, sans-serif">   </span></p> <p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-size:10.0pt;line-height:113%;font-family:Arial, sans-serif">Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations. </span></p> <p style="margin:0.0cm 43.55pt 0.3pt 41.65pt;text-align:justify;line-height:113%;font-size:12.0pt;font-family:'Times New Roman', serif"> </p> <p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-size:10.0pt;line-height:113%;font-family:Arial, sans-serif">At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards. </span></p> <p style="text-align:justify;margin:0.0cm;font-size:12.0pt;font-family:'Times New Roman', serif"> </p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Divisional Overview:</span></strong></p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black"> </span></strong></p> <p style="margin:0.0cm 0.0cm 7.5pt;text-align:justify;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:#333333">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. It is one of the firm's core competencies and is independent of the trading areas and operational areas. The Risk Management Division in India comprises:</span></p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:#333333">Market Risk Management</span></li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:#333333">Credit Risk Management</span></li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:#333333">Risk Methodology </span></li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:#333333">Model Risk Management</span></li> </ul> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black"> </span></strong></p> <p style="margin:0.0cm 0.0cm 6.0pt;text-align:justify;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.5pt;font-family:Arial, sans-serif;color:black">Business Overview:</span></strong></p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black"> </span></strong></p> <p style="margin:0.0cm 0.0cm 6.0pt;text-align:justify;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:'Helvetica N Light'">Model Risk Management is a group within Risk Management headed by the Global Head of Model Risk responsible for: </span></p> <p style="margin:0.0cm 0.0cm 6.0pt;text-align:justify;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:'Helvetica N Light'">(1) Executing and maintaining an effective Model Risk management framework. </span></p> <p style="margin:0.0cm 0.0cm 6.0pt;text-align:justify;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:'Helvetica N Light'">(2) Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite. </span></p> <p style="margin:0.0cm 0.0cm 6.0pt;text-align:justify;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:'Helvetica N Light'">(3) Independently validating the integrity and comprehensiveness of the Models in the Firm. </span></p> <p style="margin:0.0cm 0.0cm 6.0pt;font-size:10.0pt;font-family:Calibri, sans-serif"> </p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.5pt;font-family:Arial, sans-serif;color:black">What We Offer:</span></strong></p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.5pt;font-family:Arial, sans-serif;color:black"> </span></strong></p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">We support employee wellbeing by ensuring a sense of purpose and belonging. </span></li> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey. </span></li> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.</span></li> </ul> <p style="margin:0.0cm 0.0cm 6.0pt;font-size:10.0pt;font-family:Calibri, sans-serif"> </p><p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Position Specifications:</span></strong></p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black"> </span></strong></p> <table class="MsoTableGrid" style="border:none" border="1" cellspacing="0" cellpadding="0"> <tbody> <tr> <td style="width:4.0cm;border:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Corporate Title</span></strong></p> </td> <td style="width:348.7pt;border:solid windowtext 1.0pt;border-left:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Associate</span></strong></p> </td> </tr> <tr> <td style="width:4.0cm;border:solid windowtext 1.0pt;border-top:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Functional Title</span></strong></p> </td> <td style="width:348.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Associate/Senior Associate/AVP</span></strong></p> </td> </tr> <tr> <td style="width:4.0cm;border:solid windowtext 1.0pt;border-top:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Experience</span></strong></p> </td> <td style="width:348.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">3-7 years </span></strong></p> </td> </tr> <tr style="height:9.85pt"> <td style="width:4.0cm;border:solid windowtext 1.0pt;border-top:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Qualification</span></strong></p> </td> <td style="width:348.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Grad/PostGrad/Phd in a highly quantitative field</span></p> </td> </tr> </tbody> </table> <p style="margin:0.0cm 0.0cm 6.0pt;font-size:10.0pt;font-family:Calibri, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 6.0pt;font-size:10.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.5pt;font-family:Arial, sans-serif;color:black">Role & Responsibilities</span></strong></p> <p style="margin:0.0cm 0.0cm 6.0pt;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:#333333">The current position is for a Risk Model Validator in Market Risk modelling space. The models covered could range across</span></p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:black"> Economic Risk Models</span></li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:black"> Stress Testing</span></li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:black"> Regulatory Capital Models (FRTB IMA and SA, Basel 2.5)</span></li> </ul> <p style="margin:0.0cm 0.0cm 6.0pt 36.0pt;font-size:10.0pt;font-family:Calibri, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 6.0pt 36.0pt;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:black">Validation tasks would include reviewing the </span></p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:black">Conceptual soundness and the implementation of the model </span></li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:black">Model Risk Analysis</span></li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:black">Preparation of model review documentation </span></li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:black">Review of Model Performance Monitoring</span></li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif"><span style="font-family:Arial, sans-serif;color:black">Periodic Reviews of Models</span></li> </ul> <p style="margin-top:0.0cm;margin-right:0.0cm;margin-bottom:6.0pt;margin-left:0.0px;font-size:10.0pt;font-family:Calibri, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Qualification, Experience & Skills: </span></p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Basic understanding of stochastic calculus, numerical techniques for derivatives pricing (Monte Carlo / Finite Difference) and comfort level with one / more programming languages is expected </span></li> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">Familiarity with econometrics or general statistics is desirable</span></li> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">General financial products knowledge</span></li> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">We are looking for candidates with prior knowledge / experience in one or more of the following areas:<span style="background-color:aqua"> </span></span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify;font-size:11.0pt;font-family:Calibri, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black"> </span></strong></p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">a. Risk Models: Value at Risk, Counterparty Risk Exposure models, Margin Models</span></p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">b. Stress Testing models</span></p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">c. Interest Rate: Libor Market Model, HJM, Models of the short-rate </span></p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">d. Equity: Pricing of Exotic Payoffs (e.g. Barriers, Lookback, Asians etc.), Stochastic Volatility Models for pricing Equity Derivatives (Heston, Bates etc.) </span></p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">e. Credit: Pricing of Credit derivatives (CDO, Credit Index Options etc), CVA calculation </span></p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify;font-size:11.0pt;font-family:Calibri, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif;color:black">f. FX: Pricing of plain vanilla and exotic FX derivatives (Barriers, Quantos etc.) </span></p><p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;font-size:12.0pt;font-family:'Times New Roman', serif"><em><span style="font-size:9.0pt;line-height:113%;font-family:Arial, sans-serif">We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.</span></em></p> <p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;font-size:12.0pt;font-family:'Times New Roman', serif"><em><span style="font-size:9.0pt;line-height:113%;font-family:Arial, sans-serif"> </span></em></p> <p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;font-size:12.0pt;font-family:'Times New Roman', serif"><em><span style="font-size:8.0pt;line-height:113%;font-family:Arial, sans-serif"> </span></em></p> <p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;font-size:12.0pt;font-family:'Times New Roman', serif"><em><span style="font-size:8.0pt;line-height:113%;font-family:Arial, sans-serif">*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.</span></em></p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"> </p> <p style="text-align:justify;margin:0.0cm;font-size:11.0pt;font-family:Calibri, sans-serif"><em><span style="font-size:8.0pt;font-family:Arial, sans-serif;color:black">*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time). </span></em></p> </span>
Apply Now