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 <a href="http://www.nomura.com">www.nomura.com</a>. 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. Divisional Overview: 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: <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif">Market Risk Management</li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif">Credit Risk Management</li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif">Risk Methodology </li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif">Model Risk Management</li> </ul> Business Unit Overview: Model Risk Management is a group within Risk Management headed by the Global Head of Model Risk responsible for: (1) Executing and maintaining an effective Model Risk management framework. (2) Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite. (3) Independently validating the integrity and comprehensiveness of the Models in the Firm. The Firm is seeking to recruit a member for IRB (Internal Rating Based Approach) model validation team. The successful candidate will have a strong quantitative background and will be responsible for the independent validation of Nomura’s IRB Models. What We Offer: <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;font-size:11.0pt;font-family:Calibri, sans-serif">We support employee wellbeing by ensuring a sense of purpose and belonging. </li> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif">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. </li> <li style="text-align:justify;margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif">Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.</li> </ul>Position Specifications: <table class="MsoTableGrid" style="border-collapse:collapse;border:none" border="1" cellspacing="0" cellpadding="0"> <tbody> <tr> <td style="width:111.75pt;border:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> Corporate Title </td> <td style="width:339.05pt;border:solid windowtext 1.0pt;border-left:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> VP/Associate </td> </tr> <tr> <td style="width:111.75pt;border:solid windowtext 1.0pt;border-top:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> Functional Title </td> <td style="width:339.05pt;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" valign="top"> VP/AVP/Associate </td> </tr> <tr> <td style="width:111.75pt;border:solid windowtext 1.0pt;border-top:none;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> Experience </td> <td style="width:339.05pt;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" valign="top"> 3-10 years </td> </tr> </tbody> </table> Roles and Responsibilities: The current role will specifically cover the following areas: <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Independent Validation of IRB Models, including <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Assessment of conceptual soundness of IRB Models</li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Implementation Testing </li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Model Risk Analysis – to identify, analyse and quantify Model Risk</li> </ul> </li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Design and implementation of Model Risk Control processes for IRB Models</li> <li style="margin:0.0cm 0.0cm 6.0pt 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Preparation of model review documentation </li> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif">Handling of IRB regulatory matters</li> </ul> Mind Set: <table class="MsoTableGrid" style="width:476.9pt;border-collapse:collapse;border:none" border="1" cellspacing="0" cellpadding="0"> <tbody> <tr style="height:174.0pt"> <td style="width:163.6pt;border:solid windowtext 1.0pt;background-color:#d9d9d9;padding:0.0cm 5.4pt 0.0cm 5.4pt"> Domain </td> <td style="width:313.3pt;border:solid windowtext 1.0pt;border-left:none;padding:0.0cm 5.4pt 0.0cm 5.4pt" valign="top"> Qualification, Experience & Skills: Essential <ul style="margin-top:0.0cm;margin-bottom:0.0cm"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">A hands on working experience in a quantitative environment either as a Model Developer or Model Validator</li> </ul> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif">Strong academic background in Mathematics, Physics, or similar education</li> </ul> <ul style="margin-top:0.0cm;margin-bottom:0.0cm"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Experience with model validation techniques: backtesting, performance monitoring, calibration checks, stress-testing alignment and sensitivity analysis.</li> </ul> <ul style="margin-top:0.0cm;margin-bottom:0.0cm"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Advanced Excel skills, including proficiency with formulas, pivot tables, and ability to perform data analysis and validation workflows in Excel.</li> </ul> <ul style="margin-top:0.0cm;margin-bottom:0.0cm"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Excellent verbal & written communication skills in English and competent in delivering high-quality evidence-based reports</li> </ul> <ul style="margin-top:0.0cm;margin-bottom:0.0cm"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Self-motivated work attitude and ability to deal with various stakeholders</li> </ul> Desirable <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif">Experience in validation of IRB models in financial institutions or in a relevant function in major corporates</li> </ul> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:12.0pt;font-family:'Times New Roman', serif">Solid understanding of credit risk concepts and IRB model types (PD, LGD, EAD), credit scoring methodology and portfolio credit risk principles.</li> </ul> <ul style="margin-top:0.0cm;margin-bottom:0.0cm"> <li style="margin:0.0cm 0.0cm 0.0cm 0.0px;font-size:10.0pt;font-family:Calibri, sans-serif">Experience in scientific programming & data visualization in Python and its libraries </li> </ul> </td> </tr> </tbody> </table> 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).

RSK-Model Validation Group (Mumbai, IN) @ Nomura Holdings, inc.

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