About this role
<p style="text-align:justify;margin:0.0cm"><strong><span style="">Nomura Overview:</span></strong></p> <p style="text-align:justify;margin:0.0cm"><strong><span style=""> </span></strong></p> <p style="text-align:justify;margin:0.0cm"><strong><span style=""> </span></strong></p> <p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;Times New Roman', serif"><span style="line-height:113%">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</span><span style="line-height:113%">, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit </span><a href="http://www.nomura.com"><span style="line-height:113%">www.nomura.com</span></a><u><span style="line-height:113%">.</span></u></p> <p style="margin:0.0cm 43.55pt 0.3pt 41.65pt;text-align:justify;line-height:113%;Times New Roman', serif"> </p> <p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;Times New Roman', serif"><span style="line-height:113%">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. </span></p> <p style="margin:0.0cm 43.55pt 0.3pt 41.65pt;text-align:justify;line-height:113%;Times New Roman', serif"><span style="line-height:113%"> </span></p> <p style="margin:0.0cm 43.55pt 0.3pt 41.65pt;text-align:justify;line-height:113%;Times New Roman', serif"> </p> <p style="margin:0.0cm 43.55pt 0.3pt 0.0cm;text-align:justify;line-height:113%;Times New Roman', serif"><span style="line-height:113%">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. </span></p> <p style="text-align:justify;margin:0.0cm;Times New Roman', serif"> </p> <p style="text-align:justify;margin:0.0cm;Times New Roman', serif"> </p> <p style="text-align:justify;margin:0.0cm"><strong><span style="">Divisional Overview:</span></strong></p> <p style="margin:0.0cm 0.0cm 7.5pt;Times New Roman', serif"><span style="">The Risk Management Division encompasses the firm's comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firm's risk-return profile which ensures the efficient deployment of the firm's capital. It is one of the firm's core competencies and is independent of the trading areas and operational areas. The Risk Management Division in India comprises:</span></p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;Times New Roman', serif"><span style="">Market Risk Management</span></li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;Times New Roman', serif"><span style="">Credit Risk Management</span></li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;Times New Roman', serif"><span style="">Risk Methodology </span></li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;Times New Roman', serif"><span style="">Model Validation</span></li> </ul> <p style="text-align:justify;margin:0.0cm"><strong><span style=""> </span></strong></p> <p style="text-align:justify;margin:0.0cm"><strong><span style="">Business Unit Overview:</span></strong></p> <p style="margin:0.0cm;Times New Roman', serif"><strong><u><span style="">Model Validation:</span></u></strong></p> <p style="margin:0.0cm 0.0cm 6.0pt"><span style="">The Model Validation Group (MVG) is globally responsible for independently validating the appropriateness, integrity and comprehensiveness of different models used in the firm. These include Risk Models, Valuation Models, IPV models, Liquidity models and Algo trading models in the firm. </span></p> <p style="text-align:justify;margin:0.0cm"><strong><span style=""> </span></strong></p> <p style="margin:0.0cm;Times New Roman', serif"><span style="">The current opening is for a Model Validation quant developer role to help with the day to day responsibilities of the group, and to development of a library for the automation of running analytical tests, feeding into model review reports, monitoring of model performance, and to provide a reporting layer for the wider bank. In addition the role will also work on model validation for Risk Models (Market Risk Models like FRTB).</span></p> <p style="text-align:justify;margin:0.0cm"> </p> <p style="text-align:justify;margin:0.0cm"><strong><span style=""> </span></strong></p> <p style="margin:0.0cm"><strong><span style="">What We Offer:</span></strong></p> <p style="margin:0.0cm"><strong><span style=""> </span></strong></p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">We support employee wellbeing by ensuring a sense of purpose and belonging. </span></li> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey. </span></li> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.</span></li> </ul> <p style="text-align:justify;margin:0.0cm"><strong><span style=""> </span></strong></p><p style="text-align:justify;margin:0.0cm"><strong><span style="">Position Specifications:</span></strong></p> <p style="text-align:justify;margin:0.0cm"><strong><span style=""> </span></strong></p> <table class="MsoTableGrid" style="width:473.7pt;border-collapse:collapse;border:none" border="1" cellspacing="0" cellpadding="0"> <tbody> <tr style="height:18.0pt"> <td style="width:117.5pt;border:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> <p style="text-align:center;margin:0.0cm"><strong><span style="">Corporate Title</span></strong></p> </td> <td style="width:356.2pt;border:solid windowtext 1.0pt;border-left:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> <p style="text-align:center;margin:0.0cm"><span style="">Analyst/Associate</span></p> </td> </tr> <tr style="height:18.0pt"> <td style="width:117.5pt;border:solid windowtext 1.0pt;border-top:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> <p style="text-align:center;margin:0.0cm"><strong><span style="">Functional Title</span></strong></p> </td> <td style="width:356.2pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> <p style="text-align:center;margin:0.0cm"><span style="">Senior Analyst/Associate</span></p> </td> </tr> <tr style="height:13.9pt"> <td style="width:117.5pt;border:solid windowtext 1.0pt;border-top:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> <p style="text-align:center;margin:0.0cm"><strong><span style="">Experience</span></strong></p> </td> <td style="width:356.2pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> <p style="text-align:center;margin:0.0cm"><span style="">1-4 years</span></p> </td> </tr> <tr style="height:15.45pt"> <td style="width:117.5pt;border:solid windowtext 1.0pt;border-top:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> <p style="text-align:center;margin:0.0cm"><strong><span style="">Qualification</span></strong></p> </td> <td style="width:356.2pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> <p style="text-align:center;margin:0.0cm"><span style="">Grad/PostGrad with a strong degree in quantitative/ engineering domain or PGDM Finance</span></p> </td> </tr> </tbody> </table> <p> </p> <p style="text-align:justify;margin:0.0cm"><strong><span style="">Role & Responsibilities:</span></strong></p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;Times New Roman', serif"><span style="">Development of group wide analytical, testing and reporting library in Python, including incorporating AI workflows.</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;Times New Roman', serif"> </p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;Times New Roman', serif"><span style="">Help with designing and implementation of tests to challenge the theoretical assumptions and the implementation of the models (includes market risk models like FRTB capital models), including benchmarking, back-testing, scenario analysis and edge conditions.</span></li> </ul> <p style="margin:0.0cm;Times New Roman', serif"> </p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;Times New Roman', serif"><span style="">Ensure that the models meet their stated objectives.</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;Times New Roman', serif"> </p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;Times New Roman', serif"><span style="">Modernise the preparation of model review documentation using Python scripts</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;Times New Roman', serif"> </p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;Times New Roman', serif"><span style="">Help in writing systems to store performance metrics for the bank’s models</span></li> </ul> <p> </p> <p style="text-align:justify;margin:0.0cm"><strong><span style="">Key Skills:</span></strong><strong><span style=""> </span></strong></p> <p style="text-align:justify;margin:0.0cm"><strong><span style=""> </span></strong></p> <p style="text-align:justify;margin:0.0cm"><strong><span style=""> </span></strong></p> <table class="MsoTableGrid" style="width:471.85pt;border-collapse:collapse;border:none" border="1" cellspacing="0" cellpadding="0"> <tbody> <tr style="height:9.0pt"> <td style="width:161.85pt;border:solid windowtext 1.0pt;background-color:#002060;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="text-align:center;margin:0.0cm"><strong><span style=""> </span></strong></p> </td> <td style="width:310.0pt;border:solid windowtext 1.0pt;border-left:none;background-color:#002060;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="text-align:center;margin:0.0cm"><strong><span style="">Requirements</span></strong></p> </td> </tr> <tr style="height:84.6pt"> <td style="width:161.85pt;border:solid windowtext 1.0pt;border-top:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> <p style="text-align:center;margin:0.0cm"><strong><span style="">Domain</span></strong></p> </td> <td style="width:310.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"> </p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"><strong><span style="">Required Qualification, Experience & Skills: </span></strong></p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"><strong><span style=""> </span></strong></p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Very experienced, and deep understanding of Python including procedural and functional programming styles. Experience with managing different Python environments.</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">In-depth understanding of the Python software development stacks, ecosystems, frameworks and tools such as Numpy, Scipy, Pandas, Matplotlib, sci-kit-learn PyTorch.and SQLAlchemy</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Strong unit test and debugging skills</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Basic understanding of risk models e.g. Value at Risk, Counterparty Credit Risk models, FRTB or derivative pricing</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;Times New Roman', serif"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Good written communication in English </span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"> </p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"><strong><span style="">Desirable</span></strong><span style="">:</span></p> <p style="text-align:justify;margin:0.0cm"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Experience with a reporting tool e.g. PowerBI</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Basic understanding of financial products, and their pricing e.g. Monte Carlo / Finite Difference etc.</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;Times New Roman', serif"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Experience with SQL</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;Times New Roman', serif"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Experience with VSCode and Github copilot</span></li> </ul> <p style="text-align:justify;margin:0.0cm"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Knowledge of programming AI tools in Python</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;Times New Roman', serif"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Experience with the Python Flask framework</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;Times New Roman', serif"> </p> <ul style="list-style-type:square;margin-bottom:0.0cm;margin-top:0.0px"> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px"><span style="">Any C# knowledge</span></li> </ul> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;Times New Roman', serif"> </p> <p style="margin:0.0cm 0.0cm 0.0cm 36.0pt;text-align:justify"><strong><span style=""> </span></strong></p> </td> </tr> </tbody> </table> <p> </p><p style="margin:0.0cm"><em><span style="">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.</span></em></p> <p style="margin:0.0cm"><em><span style=""> </span></em></p> <p style="margin:0.0cm"><em><span style=""> </span></em></p> <p style="margin:0.0cm"><em><span style="">*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.</span></em></p> <p style="margin:0.0cm"> </p> <p style="margin:0.0cm"><em><span style="">*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time). </span></em></p>