Market Risk Infrastructure (MRI)

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

 

Job Title: Market Risk Infrastructure (MRI)
Corporate Title:  Associate
Department:  Risk Management
Location:  Hong Kong

Department Overview:
MRI provides governance and control of Nomura’s Market Risk Management department.  Core activities relate to procedural management that ensures the Regulatory Compliance of our European entities.  Supervision of the end to end production of VaR, Stressed VaR, IRC, CRM, Stress Scenarios and similar processes in line with the terms of Nomura’s IMA permission waiver.  Delivery of management, capital and regulatory reporting in line with firm wide governance and regulation.

Role Overview:
We are seeking a detail-oriented Market Risk Infrastructure (MRI) Associate to join our team responsible for supervising the end-to-end daily production of key market risk exposure metrics and ensuring regulatory compliance. The role involves working closely with Risk Managers, Front Office, and other stakeholders to maintain market risk controls and reporting.

Role Description:

• Key Objectives:
  • Execution of MRI business processes in line with Nomura’s Market Risk policies and procedures to include but not limited to; daily sign off / adjustments / Market Risk add-ons / NHI capital assurance
  • Delivery of continual process improvements to address procedural control gaps
  • Monitoring of the service levels / issues / problems encountered with the Risk Infrastructure used to produce the Market Risk Metrics with Production Services team.
  • Stakeholder management / establish peer relationships with the Market Risk Management team and Global MRI teams
  • Understanding of early escalation and controls for daily decisions
• Daily Risk Monitoring & Controls
  • Monitor and apply daily market risk adjustments in risk systems (Monju/RDS/UDW)
  • Perform initial checks on risk calculation outputs and investigate any anomalies
  • Track completion of node sign-offs and follow up on breaches of deadlines
  • Monitor IMA scope exceptions and coordinate resolution with relevant parties
  • Run daily checks on regulatory compliance including rating risk monitoring
• Regulatory Reporting
  • Assist in preparation of regulatory reports including:
  • Ensure timely submission and accuracy of all regulatory filings
• Internal Reporting & Analysis
  • Deliver high-quality MRI reporting and data visualization solutions for stakeholders.
  • Generate weekly reports and monitor exceptions
  • Prepare weekly / monthly reporting for risk committees
  • Conduct analysis on risk metrics and provide commentary on significant movements
• Process Controls & Documentation
  • Maintain documentation of procedures and controls
  • Track and escalate unresolved issues according to established protocols
  • Support process improvements and automation initiatives
  • Liaise with IT teams on system issues and enhancements
• Participate in Projects and Enhancements initiatives
  
  • Collaborate with Market Risk Managers, Technology, Business, and other teams on various Enhancement initiatives or FO initiated migration/ new Product or trades.
  • Review of all risk model changes and parameter updates for the region and communicate with RMs on the impacts, key drivers and changes.

Skills, experience, qualifications, and knowledge required:

• Degree (or equivalent) preferably within a quantitative subject, postgraduate degree or relevant professional qualifications (e.g. CFA, FRM and CQF) preferable.
• Minimum 5 years’ experience in financial services particularly dealing with market risk management, data governance, data quality assurance
• Knowledge of risk management methodologies (e.g. VaR, Risk Capital, Stress Testing) 
• Project/program management, stakeholder management
• Proficiency with MS Office suite