RSK Credit Risk

Nomura · Banking & Financial Services

Mumbai, India
On-site
Posted today
Finance & Accounting

About the job

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 Global Risk Management Division in Powai has the following functions – Credit risk, Market risk, Risk and Control, Risk Infrastructure, Model Validation, Risk Methodology, Operational Risk Management and Risk HQ. The division is responsible for effectively managing the firm's risk-return profile, which ensures the efficient deployment of the firm's capital.

Business Overview:

Risk Management in Nomura globally, works as a partner to business. Risk management teams are present in all the regions and are organized broadly by the Risk type – Market, Credit, and Operational. The Risk Management set up in Powai (Mumbai), is a global hub for Risk Management functions. Powai also delivers several strategic initiatives.

Department overview:

Global Credit Risk Management (CRM) is an independent Risk oversight function, reporting directly into the Global Chief Risk Officer (CRO). Its mandate is to manage the risk of loss arising from an obligor or counterparty’s default, insolvency or administrative proceeding which results in the obligor’s failure to meet its contractual obligations in accordance with agreed terms.

To achieve this, CRM has professionals located in each of the Firm’s principal regions, employing a range of qualitative and quantitative analytical skills needed to:

(1) provide independent risk management oversight.

(2) continuously evaluate, monitor and rate all the Firm’s counterparties.

(3) evaluate and approve credit exposures (subject to established credit authority guidelines and approval procedures)

(4) provide timely and accurate credit data and analysis to the Firm’s management, Business Units and Regulators

Team overview:

CRM Powai is an integral part of global CRM, responsible for credit risk management of a diverse portfolio of counterparties across sectors and regions. Closely aligned with the regional teams, we are amongst the highest value-added Risk Management divisions in India. The team comprises professional degree holders, who are driven to tackle unstructured problems independently.

Besides core CRM responsibilities of assigning credit ratings, credit limit management, suggesting credit terms for legal agreements, and portfolio monitoring, the team also participates in structured deal analysis, presents at global forums, and plays a leading role in global projects. Outside of Risk Management, the team collaborates with other Divisions such as Sales and Trading, Legal, Finance, Finance, Compliance, Treasury, On-Boarding, Operations to achieve its objective of protecting the firm against credit losses. The team is also involved in the firm’s FinTech initiative and independently works on end-to-end projects to generate in-house solutions

What We Offer:

We support employee wellbeing by ensuring a sense of purpose and belonging.

We offer a comprehensive range of wellbeing services which allow 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

Associate

Functional Title

Sr. Associate

Experience

6-8 years

Qualification

Chartered Accountant (Rank holder or 1st Attempt pass), PGDM/MBA from top-tier Colleges

Responsibilities

The Financial Institutions team covers the Financial Institutions portfolio across geographies, including Asia, Europe and Americas. As a member of the team, you will:

Be responsible for independently reviewing and monitoring counterparties within the Financial Institutions portfolio, which includes Banks, Brokers, Central Clearing counterparties, Mortgage Originators, Insurers, and other Financial Institutions. Specifically, you will:

Write credit reviews recommending credit ratings for counterparties trading with Nomura. This includes an evaluation of a counterparty’s business model, its credit profile, macro-economic and sector trends, financial analysis, performance vs its peers etc.

Perform in-depth sector and peer reviews, highlighting key trends, growing risks and possible risk mitigation to be undertaken by the firm.

Participate in due diligence calls.

Monitor the performance of counterparties and closely track developments related to a counterparty, industry, economy, regulations, markets etc., which could adversely impact the credit profile. Where necessary, detailed notes with the view/outlook and appropriate risk management action will have to be sent to senior management within the Risk division.

Assist regional analysts in setting and negotiating credit terms to be included in legal agreements with a counterparty.

Present at various forums on critical developments

Determining Nomura’s trading capacity by assigning risk appetite to a counterparty

Set or rationalize credit limits in conjunction with business activity with a counterparty

Investigate limit excesses by liaising with Front Office, Operations and Exposure Analytics team, to determine the cause and escalate genuine breaches of credit policies

Analyze stressed exposure under various scenarios and provide commentary on the same.

Participate in ad-hoc projects related to rating methodology, portfolio monitoring, regulatory requirements etc.

Requirements

Professional degree holders such as CAs, MBAs from reputed institutes or CFA.

6-8 years’ experience in writing credit rating reviews on Financial Institutions (Banks and/or Broker dealers) is mandatory

Strong analytical skills and flexible thinking across disciplines

Must have excellent communication skills, both verbal and written.

Ability to work in a global set-up, multi-tasking and handling several tasks and stakeholders independently.

Self-starter with the willingness to work independently and flexibly in a challenging environment.

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.

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