Job
Description
Nomura Overview: 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 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. 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. Business Overview: Nomura's Wholesale BRM trading team manages the counterparty, funding and financial resources for the firm, working closely with various other desks like Trading, Treasury etc. The team is also actively involved in multiple regulatory driven projects like implementation of NSFR, Leverage Ratio, Bilateral Initial Margining, to name a few. Powai BRM team works as an integrated part of the global team and participates in its various day to day activities as well as new initiatives. This role will primarily focus on supporting the Bilateral IM tasks and managing associated funding and collateral costs of firm , while also requiring help on other projects of global BRM team from time to time to meet its objectives. Please see “Role and Responsibilities” section for more details Position Specifications: Corporate Title: Associate Experience: 2-8 years Qualification: Graduate/Post Graduate degree in Engineering; or Quantitative subjects (for e.g. Mathematics, Physics, Statistics) Role & Responsibilities: Investigating and analysing IM breaks between Nomura and counterparts which are caused by model differences or risk sensitivities differences or other non-trivial issues. Pro-actively engaging with counterparties to understand and confirm root causes of the differences in order to resolve them. Liaising with various others teams, for e.g. Quants, IT, Other trading desks, BRM management, etc. as and when required. Monitoring the effectiveness of the SIMM for future development of the model, in conjunction with Quants. Participating in various project related working groups and driving the requirements from GM & BRM perspective. Working with global and regional BRM teams and helping them in meeting their objectives related to various projects. Mind Set: Strong analytical skills Basic understanding of numerical techniques and models used in derivative pricing and on how greeks are calculated Strong Excel skills Excellent oral and written communication skills A good team player and having a “self-start” approach to learning and solving problems Experience in role dealing with market risks or credit risks or derivative valuation Programming skills in VBA, Python 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. Show more Show less
