Market Risk Management Jobs (NOW HIRING)

Title: Business Analyst - Market Risk

Corporate Title: Associate

Department: Risk

Location: New York City

The pay range for this position at commencement of employment is expected to be between $105,000 and $120,000/year* (see below footnote for additional compensation and benefits information).

Company 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.

Aon's Benefit Index, Nomura's benefits rank #1 amongst our competitors

Department Overview:

The Risk Management Department at Nomura is broadly organised according to the main risk classes; Credit Risk Management, Market Risk Management, Operational Risk Management and New Products/Business.

The Risk Management team works to provide a firm wide capital management framework, which takes into account the availability and cost of capital, its effective utilization within and across business lines and the overall capital adequacy of the firm. Risk Management's key activities include ensuring transparency and effectively managing market, credit, liquidity, concentration and tail risk within the risk appetite of the firm and monitoring the effectiveness of capital utilization through the use of limit structures, with an emphasis on stress testing and risk adjusted returns on capital efficiency measures.

The Risk Change function within Risk management manages regulatory and other strategic changes for various risk business functions. Working in Risk change gives a great opportunity to understand Nomura Risk businesses processes and domain. Risk Change partners with technology and business functions to support implementation of various risk solutions. Successful candidates will work within the Market Risk workstream and will work very closely with other global Risk Analysts, Risk Middle Office, Risk Technology, Production Support and other business functions to deliver various Regulatory and Strategic Risk changes. 

Role Description:

As part of the Market Risk global Book of Work covering both regulatory, Strategic and incremental business change there is a requirement for a Business Analyst with market risk domain knowledge. Candidate would be supporting programme managers and business analysts in market risk programme to deliver across a number of market risk initiatives (Basel 2.5, FRTB SA & IMA, CVA, Financing Risk & Stress Testing).

• Gather business requirements detailing current and future state requirements for tactical and strategic solutions.
• Ensure adherence to project governance and control processes around project delivery.
• Own body of work, escalate issues to the Lead Business Analyst/Project Manager and where necessary, the appropriate governance structure of the programme.
• Timely reporting of project status, issues, risks to various management team and governance forum as appropriate.
• Leverage strong foundation of various market risk concepts to manage delivery of business mandatory market risk related changes.
• Good communication skills and understanding of key Market Risk business processes to support presentation of complex topics to senior management.
• Interprets Regulatory and Strategic business requirements in conjunction with various Market Risk stakeholders to manage scoping of business requirements and delivery.
• Act as business gate keeper, control issues being raised to IT and work with the business to ensure issues are raised appropriately and are fully understood/agreed globally.
• Work with the key stakeholders (business and Risk IT) to ensure all requirements surrounding the end to end process are clearly understood and appropriate, clear solutions are designed, documented and implemented.
• Work with lead Programme and Portfolio Managers to organise and prioritise work for the global team within deadlines set and escalate as required.

Skills, experience, qualifications and knowledge required:

• Equivalent work experience of 5+ years ideally in Market Risk Management as a Business Analyst or Business User.
• Good Knowledge of key risk metrics (e.g. VaR, IRC, FRTB, Stress Testing) and other market risk methodologies.
• Experience in FRTB SA / IMA / ACVA / FRTB SA CVA / Basel 2.5 VaR implementation would be advantageous.
• Detailed Market Risk workflow knowledge.
• Experience of business partner management, presentation and good written & verbal communication skills.
• Exposure to various Devop tools (e.g. Confluence, JIRA) to manage project deliverables.
• Prior experience in market risk system implementations and involvement in regulatory projects.
• Exposure to market risk systems, data and processes involved in generating market risk regulatory capital.
• Strong attention to detail, accuracy and timeliness of delivery.
• Track record of managing requirements, delivery and testing in a fast paced environment.
• Strong attention to detail, accuracy and timeliness of delivery.
• Experience in defining Testing approach, test plan and test co-ordination.
• Proven experience facilitating the elicitation of requirements from end users and translating them to user, functional and non-functional requirements for Development Teams. Work with development teams (IT) to clarify that design meets requirements.
• Detailed knowledge of all Microsoft Office products, i.e. Word, Excel, Power Point & Visio.
• Detailed Market Risk workflow knowledge.

Nomura Leadership Behaviors

• Explore Insights & Vision: Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
• Making Strategic Decisions: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
• Inspire Entrepreneurship in People: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
• Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.
• Inclusion: Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

* base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired in the U.S., employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors".

Nomura is an Equal Opportunity Employer