Risk Model Validation Associate

Department Overview

Nomura's Risk department plays a crucial role in identifying, assessing, and mitigating risks across our business. We strive to protect the firm's assets, reputation, and financial stability by implementing robust risk management practices. Join our team and contribute to our proactive approach in managing risks, allowing us to make informed decisions and thrive in an ever-changing market environment.

Role Description

Model Risk Management is a group within Risk Management responsible for: Developing, executing and enforcing an effective Model Risk Management Framework. Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite. Independently validating, reviewing and approving Models for their intended uses. This role will focus on Risk Models and will be responsible for a range of tasks throughout the Model Lifecycle including assessing conceptual soundness, performing sensitivity analysis, verifying proper model implementation, developing benchmark models and reviewing model performance.

Skills, Experience, Qualifications and Knowledge Required

• A postgraduate degree in a quantitative discipline.
• 1-3 years of experience in Model Risk.
• Familiarity with econometrics, stochastic calculus and statistical programming (e.g. R, Python).
• Familiarity with Risk Models preferred (e.g. VaR, Stress Testing, Counterparty Credit Risk Models).

Pay

The pay range for this position at commencement of employment is expected to be between $115,000 and $135,000/ year.