Associate - Stress Testing Analyst - Risk Management

Company overview

Nomura 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 four business divisions: Retail, Asset 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

Department overview:

The Risk Management Department provides senior management with an independent view of the principal risks taken by individual business units. The Risk Department at Nomura is broadly organised according to the main risk classes: Market Risk Management (Market), Credit Risk Management (Credit), Operational Risk and Risk Methodology.

Within the Risk Management Department, the Stress Testing Group (STG) facilitates the firm’s overall stress testing objectives which can be summarised as follows;

• Perform stress testing at the firm-wide level across all risk classes (market, credit, operational, liquidity risks) as well as within risk class and trading book levels;
• Feed stress testing results into other business processes such as stressed revenues, capital planning, decision making and regulatory capital;
• Satisfy the regulators’ scenario requests and other infrastructure and control requirements.

Role description

STG is looking for analyst to join the team to support the analysis and reporting of stress results. The role will involve assisting with global and regional capital planning & regulatory capital submissions (e.g. ICAAP, Nomura Holdings Firm Wide Stress Testing (FWST)), analysing BAU stress results across a range of stress metrics and presenting results to stakeholders and committees. The role provides the opportunity to gain exposure across a wide range of risk management disciples.

Additional responsibilities will be to work with Risk Methodology in the improvement and development of stress testing methodologies, involvement in building tactical IT solutions / prototypes and working closely with IT to deliver enhancements to the strategic Stress Testing systems.

Key objectives critical to success:

• Working with other team members and other teams (Risk, IT, Finance) towards the implementation of the strategic operating model:

o Designing improvements to streamline the stress testing process, implementing these improvements to stress testing operating model to provide effective key risk management information to senior management

o Investigation and analysis of stress results

o Develop tactical tools / prototypes for scenario calibration and analysis of stress results

o Based on tactical prototypes, help define STG procedures and strategic IT requirements

• Answer ad-hoc requests around stress testing process, data and results to Risk Managers, and other stakeholders. Have strong analytical skills to dissect overall numbers into its principal components.
• Building relationships within STG and across Risk Management, Risk IT and other departments to ensure timely and consistent delivery.
• Identifying top and emerging risk events that could significantly impact the firm and performing scenario analysis as needed

Skills, experience, qualifications and knowledge required:

• Demonstrated knowledge of financial instruments (derivatives, fixed income, equities) through coursework, certifications (CFA, FRM, PRM), or professional experience
• Experience in Python, VBA or equivalent language.
• Minimum 3 years of experience working in an investment bank within a risk management team
• Bachelor's degree in Economics, Finance, Mathematics, Statistics, Engineering, or related quantitative field
• Active interest in financial markets and their behaviour u