Risk Methodology, Risk Model Performance Reporting- Associate

Job Description

Job title: Risk Methodology, Risk Model Performance Reporting Corporate Title: Associate / Vice President Department: Global Markets Location: London Company overviewNomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three businessdivisions: Retail, Asset 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 furtherinformation about Nomura, visit www.nomura.comDepartment overview:The Risk Management Division encompasses the firms comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firms risk-return profile which ensuresthe efficient deployment of the firms capital. It is one of the firms core competencies and is independent of the trading areas and operational areas.Role & Responsibilities The Global Risk Model Performance Reporting Team is part of the Market Risk Methodology Department and is responsible for ensuring risk models are performing within acceptable thresholds. Risk Model Performance Reporting is centralised in London for allentities globally.

• Supporting colleagues to run the regular SIMM (standard initial margin model) monitoring process, including daily and quarterly backtesting and along with other tests required.
• Supporting Nomuras participation in the ISDA annual SIMM backtesting exercise.
• Preparing and reviewing monthly and quarterly reports to senior management and global regulators.
• Evaluating the SIMM model performance result and providing detailed analysis of exceptions and outliers by working with Front Office and risk quants teams.
• Highlighting and escalating any material shortfalls in margin when required. Providing analysis to help Front Office remediate material shortfalls with counterparties.
• Identify and solve issues, and highlight process weakness and recommend improvements when appropriate.
• Ensure process is compliant with Nomuras governance framework and making sure process documentations are updated.
• Working with IT and project teams to help improve process and develop new systems as needed.
• Understand the latest regulatory development in SIMM and make sure internal practice is in compliance.

Skills, experience, qualifications and knowledge required:Essential

• Experience either in Market risk or finance, or product control
• Good understanding of financial products (bonds, equities, derivatives), and accounting/ risk management process around these.
• Understanding of the concept of VaR.
• Ability to solve problems with analytical mindset/approach
• Knowledge of Python
• Good written and verbal communication skills

Desirable

• Good mathematical and finance background.
• Experience in risk / finance / product control and familiar with processes in the area.
• Knowledge of ISDA SIMM (standard initial margin model)
• Knowledge about initial margin rules and experience in this area would be beneficial
• FRM/PRM/CFA qualification would be added advantage.
• Knowledge of SQL, VBA.

Nomura competenciesTrusted Partner

• Understand clients needs and issues, and respond with high-quality proposals
• Acquire capabilities to perform ones responsibilities and contribute to being a Trusted Partner

Entrepreneurial leadership

• Produce new ideas that might challenge the status-quo or oneself

Teamwork Collaboration

• Seek advice from senior colleagues and utilize it for improved results
• Collaborate with members from relevant departments

Influence

• Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
• Serve as role model and provide guidance to junior employees

Integrity

• Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly

Right to WorkThe UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who requirea Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified roleDiversity & Inclusion Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminateon the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.