Algorithmic Trading Model Risk Analyst, Associate

  • Location:

    London

  • Sector:

    Banking

  • Job type:

    Permanent

  • Salary:

    Negotiable

  • Contact:

    Nomura

  • Contact email:

    matthew.fellows@nomura.com

  • Job ref:

    1205810_1634201196

  • Published:

    7 days ago

  • Expiry date:

    13/11/2021

  • Startdate:

    ASAP

  • Client:

    Nomura Careers

  • Consultant:

    Nomura

  • Hours per day:

    Flexible

  • Work preference:

    Flexible

  • Days per week:

    Flexible

JOB DESCRIPTION

Job title: Algorithmic Trading Model Risk Analyst
Corporate Title: Associate
Department: Risk Management
Location: London

Company overview

Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset 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

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.

Key objectives critical to success:

Due to the extension of the scope of the Model Risk Management process, the Firm is seeking to recruit a member of the newly established Algorithmic Trading Model Validation Group. The successful candidate will have a strong quantitative background and will be responsible for the independent validation of Nomura's Algorithmic Trading Models across a wide variety of asset classes / business lines. The team is responsible for:

  • Independent Validation of Algorithmic Trading Models, including
  • Assessment of conceptual soundness of Algorithmic Trading Models, including the integrity and suitability of
  • Model parameters
  • Implementation testing
  • Model Risk Analysis - to identify, analyse and quantify Model Risk
  • Development and Execution of Model Performance Monitoring to ensure that Algorithmic Trading Models are performing as intended
  • Design and implementation of Model Risk Control processes for Algorithmic Trading Models

Skills, experience, qualifications and knowledge required:

Essential

  • A working experience in a quantitative environment
  • A postgraduate degree in a quantitative discipline
  • Established experience in quantitative financial models as a Model Developer or Model Validator
  • Practical knowledge of optimization, statistics and machine learning
  • Excellent verbal and written communication skills in English
  • Self-motivated work attitude

Desirable

  • Familiarity with Valuation Models
  • PhD (or equivalent) in a quantitative discipline