Remote Opportunity

RSK-Model Validation Group

Join Nomura as a senior professional working remotely from India. Explore the role, benefits, and apply in one place.

Full Time
$80,000 - $150,000*
2 months ago
India
Model Risk Management & Validation
Senior
Risk Management
Model Validation
Financial Services

Job Description

Nomura Overview:

 

 

Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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 www.nomura.com.

 

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 across four international regions.

 

 

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.

 

 

Divisional Overview:

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:

  • Market Risk Management
  • Credit Risk Management
  • Risk Methodology
  • Model Validation

 

Business Unit Overview:

Model Validation:

The Model Validation Group (MVG) is globally responsible for independently validating the appropriateness, integrity and comprehensiveness of different models used in the firm. These include Risk Models, Valuation Models, IPV models, Liquidity models and Algo trading models in the firm.

 

The current opening is for a Model Validation quant developer role to help with the day to day responsibilities of the group, and to development of a library for the automation of running analytical tests, feeding into model review reports, monitoring of model performance, and to provide a reporting layer for the wider bank. In addition the role will also work on model validation for Risk Models (Market Risk Models like FRTB).

 

 

What We Offer:

 

  • We support employee wellbeing by ensuring a sense of purpose and belonging.
  • 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.
  • Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.

 

Position Specifications:

 

Corporate Title

Analyst/Associate

Functional Title

Senior Analyst/Associate

Experience

1-4 years

Qualification

Grad/PostGrad with a strong degree in quantitative/ engineering domain or PGDM Finance

 

Role & Responsibilities:

  • Development of group wide analytical, testing and reporting library in Python, including incorporating AI workflows.

 

  • Help with designing and implementation of tests to challenge the theoretical assumptions and the implementation of the models (includes market risk models like FRTB capital models), including benchmarking, back-testing, scenario analysis and edge conditions.

 

  • Ensure that the models meet their stated objectives.

 

  • Modernise the preparation of model review documentation using Python scripts

 

  • Help in writing systems to store performance metrics for the bank’s models

 

Key Skills:

 

 

 

Requirements

Domain

 

Required Qualification, Experience & Skills:

 

  • Very experienced, and deep understanding of Python including procedural and functional programming styles. Experience with managing different Python environments.

 

  • In-depth understanding of the Python software development stacks, ecosystems, frameworks and tools such as Numpy, Scipy, Pandas, Matplotlib, sci-kit-learn PyTorch.and SQLAlchemy

 

  • Strong unit test and debugging skills

 

  • Basic understanding of risk models e.g. Value at Risk, Counterparty Credit Risk models, FRTB or derivative pricing

 

  • Good written communication in English

 

Desirable:

 

  • Experience with a reporting tool e.g. PowerBI

 

  • Basic understanding of financial products, and their pricing e.g. Monte Carlo / Finite Difference etc.

 

  • Experience with SQL

 

  • Experience with VSCode and Github copilot

 

  • Knowledge of programming AI tools in Python

 

  • Experience with the Python Flask framework

 

  • Any C# knowledge

 

 

 

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.

 

 

*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.

 

*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).

Requirements

  • Strong understanding of risk management principles and practices
  • Experience with model validation and risk assessment
  • Ability to analyze complex data and identify trends
  • Strong communication and interpersonal skills
  • Ability to work in a team environment
  • Experience with financial services industry
  • Knowledge of regulatory requirements and industry standards

Skills

Risk Management
Model Validation
Financial Services

About AI-Estimated Salary

The salary range shown was not provided by the employer. Our AI has estimated it based on the job title, required experience, location, and industry standards (confidence: 80%). This estimate should be used as a general guide only and may not reflect the actual compensation. Always confirm salary details directly with the employer during the application process.

Ready to Apply?

Join Nomura today

Salary Range (AI-Estimated)*
$80,000 - $150,000
80% confidence
Posted 2 months ago

More Model Risk Management & Validation roles you might like

Discover similar opportunities from companies that are also hiring remotely.

Full Time
$80,000 - $140,000*
1 day ago
Germany
Worldwide
Model Risk Management & Validation
Mid
Model Validation
Risk Management
Model Development
+5 more
Full Time
$108.75k - $200k
1 day ago
United States
Model Risk Management & Validation
Senior
Quantitative models
Risk Management
Model Risk Management
+4 more
Full Time
PLN 9.6k - PLN 18k
4 days ago
Worldwide
Model Risk Management & Validation
Senior
Python
VBA
Data Analytics
+4 more

Explore more remote openings

Browse fresh listings from our global community of remote-friendly teams.

Full Time
$228.911k - $471.286k
15 hours ago
Worldwide
AI Compliance & Legal
Senior
AI
Machine Learning
Data
+4 more
Full Time
$120,000 - $180,000*
20 hours ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
Enterprise Security Architecture
+5 more
Full Time
$120,000 - $180,000*
20 hours ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
Enterprise Security Architecture
+5 more
Full Time
$120,000 - $180,000*
22 hours ago
Worldwide
AI Governance & Programs
Senior
Python
Node.JS
Go
+3 more
Full Time
$147k - $211k
23 hours ago
Worldwide
AI Governance & Programs
Senior
C++
API design
Stubby
+3 more
Full Time
$80,000 - $140,000*
1 day ago
Worldwide
AI Risk & Controls
Mid
Data Analysis
Risk Assessment
Automation
+2 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
Python
Machine Learning
Data Analysis
+4 more
Full Time
$120,000 - $180,000*
1 day ago
United Kingdom
Worldwide
AI Governance & Programs
Senior
Cloud
AI
API
+3 more
Full Time
$100,000 - $150,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
AI
Data governance
Regulatory Compliance
+5 more
Full Time
$120,000 - $180,000*
1 day ago
Canada
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Risk Management
+3 more
Full Time
$229.9k - $262.4k
1 day ago
United States
Worldwide
AI Governance & Programs
Senior
Python
Machine Learning
Cloud Computing
+3 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
Generative AI
LLMs
prompt engineering
+5 more
Full Time
$108k - $185k
1 day ago
United States
Worldwide
AI Compliance & Legal
Senior
Artificial Intelligence
Generative AI
Machine Learning
+3 more
Full Time
$98.16k - $159.27k
1 day ago
United States
AI Security & Privacy
Senior
Azure Security Engineer
Microsoft Cybersecurity Architect
CISSP
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
Data security & privacy
Access control and permissions
API integrations
+5 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
AWS
Azure
GCP
+5 more
Contract
$120,000 - $180,000*
3 days ago
Worldwide
AI Governance & Programs
Senior
ISO/IEC 42001
AI Lifecycle Governance
Data governance
+4 more
Contract
$120,000 - $180,000*
3 days ago
Worldwide
AI Governance & Programs
Senior
ISO/IEC 42001
Audit Methodology
Artificial Intelligence Management Systems
+1 more
Full Time
$102.8k - $210.2k
3 days ago
Worldwide
AI Compliance & Legal
Senior
Data Analysis
Business Analysis
Data Management
+5 more
Full Time
$197.4k - $246.75k
3 days ago
Worldwide
AI Governance & Programs
Senior
Machine Learning
Generative AI
Python
+5 more
Full Time
$149.084k - $218.657k
3 days ago
Worldwide
AI Security & Privacy
Senior
AI/ML systems
Governance
Model Risk Management
+5 more
Full Time
$80,000 - $160,000*
4 days ago
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Data Science
+5 more
Full Time
$80,000 - $160,000*
4 days ago
Worldwide
AI Governance & Programs
Senior
Pharmacy
Retail Operations
Customer Service
+5 more
Full Time
$80,000 - $160,000*
4 days ago
Worldwide
AI Governance & Programs
Senior
Pharmacy
Retail Operations
Customer Service
+5 more
Full Time
$120,000 - $180,000*
4 days ago
Canada
Worldwide
AI Governance & Programs
Senior
Data governance
AI Governance
Risk Management
+3 more
Full Time
$120,000 - $180,000*
4 days ago
Worldwide
AI Governance & Programs
Senior
Model Validation
Quantitative Analytic Modeling
Risk Management
Full Time
$120,000 - $180,000*
4 days ago
United Kingdom
Worldwide
AI Governance & Programs
Senior
Responsible AI
AI Governance
Risk Management
+5 more
Full Time
$175.1k - $334.75k
4 days ago
United States
Worldwide
AI Security & Privacy
Senior
AI Security
Machine Learning
Cloud Infrastructure
+4 more
Full Time
$102.8k - $210.2k
4 days ago
Worldwide
AI Compliance & Legal
Senior
Data Analysis
Business Analysis
Data Management
+5 more
Full Time
$120,000 - $180,000*
4 days ago
Worldwide
AI Risk & Controls
Senior
Model Validation
Model Risk Management
Machine Learning
+2 more
Full Time
$87.7k - $157.8k
4 days ago
Worldwide
AI Governance & Programs
Senior
API
Risk Management
Compliance
+5 more
Full Time
CAD 61.6k - CAD 113.9k
4 days ago
Canada
Worldwide
Model Risk Management & Validation
Senior
Credit Risk Models
Stress Testing
Loss Forecasting
+4 more
Full Time
$120,000 - $180,000*
4 days ago
United Kingdom
Worldwide
AI Governance & Programs
Senior
Responsible AI
AI Ethics
AI Security
+5 more
Full Time
$120,000 - $200,000*
4 days ago
United Kingdom
Worldwide
AI Governance & Programs
Senior
Responsible AI
AI Ethics
AI Compliance
+5 more
Full Time
$120,000 - $180,000*
4 days ago
United Kingdom
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Data Science
+4 more
Full Time
PLN 9.6k - PLN 18k
4 days ago
Worldwide
Model Risk Management & Validation
Senior
SAS MRM
Python
VBA
+4 more