RSK-Model Validation Group Professional

Job Title: RSK-Model Validation Group Country: IN City: Mumbai Skill Category: Risk Description: Divisional Overview: The Risk Management Division encompasses the firms comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firms risk-return profile which ensures the efficient deployment of the firms capital. It is one of the firms core competencies and is independent of the trading areas and operational areas. The Risk Management Division in India comprises: Market Risk Management Credit Risk Management Risk Methodology Model Validation Business Unit Overview: Model Validation: The Model Validation Group (MVG) is globally responsible for independently validating the integrity and comprehensiveness of models utilized in the firm s business activities. MVG also develops measures of Model Risk, monitoring Model Risk vs. the firm s Model Risk Appetite and escalates model approval breaches. This position is primarily responsible for reviewing the models utilized in the Nomura Research Division (e.g., Economic Research and Quantitative Analytics team supporting the Investment Banking business). These models cover several critical areas, including: Financial market analysis (equities, FX, rates, and commodities) Economic research Corporate credit research (credit rating, credit spread) Valuation of convertible bonds Position Specifications: Corporate Title Analyst/Associate Functional Title Analyst/Senior Analyst/Associate/Senior Associate/AVP Experience 1-6 years Qualification Grad/PostGrad with a strong degree in quantitative/ engineering domain or PGDM Finance Role & Responsibilities: Based on Nomura Groups Model Risk Management Framework, you will primarily focus on validating models utilized in the Research Division, which include Equity Research, Economic Research, and Quantitative Analytics team supporting the Investment Banking division. Additionally, you will contribute to the establishment and promotion of model governance. Model risk management is currently gaining significant attention from the financial industry and regulatory authorities. In response, its scope has expanded to encompass all models utilized by financial institutions. Nomura Group has developed a robust framework based on a risk-based approach that complies with regulations in Japan, Europe, and the United States, and is working to implement it across all divisions. You will join a key project aimed at building a strong model risk management framework by addressing challenges with flexibility and integrity while collaborating closely with stakeholders. Given the limited domestic and global precedents in this area, this role represents a valuable opportunity to contribute to an initiative that holds significance not only for Nomura Group but also for the financial industry as a whole. With the rapid evolution of AI and other technologies, the importance of effective model risk management continues to grow. We look forward to welcoming new team members who aspire to deepen their expertise and build a meaningful career within this transformative field and its application to models used in Research division Key Skills: Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.