Nomura - Manager - Market Risk Rates

Divisional Overview:

Risk Management Division in Powai has the following functions - Credit risk, Market risk, Quant risk, Model Validation and Market Risk Middle Office.

Business Unit Overview:

- Market Risk Management works to identify, monitor and control the firm's exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies.

- Major activities involve daily analysis and interpretation of the results of risk sensitivities; validation of VaR, Incremental Risk Change, Economic Capital numbers and sign-off on the relevant Risk systems & preparation of risk reports for traders and senior business management. Risk managers are also expected to re-engineer the risk reporting process and provide ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads

Role & Responsibilities:

- As a dedicated risk manager for the rates business areas, the candidate will be responsible for managing the following

- Liaising with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies

- Daily analysis and interpretation of the results of risk sensitivities and stress tests

- Preparation of risk reports for traders and senior business management

- Monitoring and administration of risk limits and resolution of limit excesses

- Preparation of reports and escalation to senior management

- Ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads

- Re-engineer the risk reporting process including interactions with Risk and front Office technology personnel to drive improvements

- The Risk Manager will need to understand the traded products in these asset classes and their implications for risk management decisions. In particular, we are looking for candidates with knowledge of FX / Rates derivatives with exposure to exotic fixed income derivatives and inflation products

- Candidate is expected to understand what drives the risk profiles of Fixed Income Instruments in different market conditions (both exposure profiles and risk sensitivities) and implications of how the markets are evolving.