Stress Testing Analyst, Associate

  • Location

    London

  • Sector:

    Banking

  • Job type:

    Permanent

  • Salary:

    Negotiable

  • Contact:

    Nomura

  • Contact email:

    matthew.fellows@nomura.com

  • Job ref:

    1201664_1636106534

  • Published:

    about 1 month ago

  • Expiry date:

    2021-12-05

  • Startdate:

    ASAP

  • Client:

    #

  • Consultant:

    #

JOB DESCRIPTION

Job title: Stress Testing 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

 

Department overview:

The Risk Management Department provides senior management with an independent view of the principal risks taken by individual business units. The Risk Department at Nomura is broadly organised according to the main risk classes: Market risk Management (Market), Credit Risk Management (Credit), Operational Risk and Risk Methodology.
Within the Risk Management Department, the Stress Testing Group (STG) facilitates the firm's overall stress testing objectives which can be summarised as follows;

Perform stress testing at the firm-wide level across all risk classes (market, credit, operational, liquidity risks) as well as within risk class and trading book levels;
Feed stress testing results into other business processes such as stressed revenues, capital planning, decision making and regulatory capital;
Satisfy the regulators' scenario requests and other infrastructure and control requirements.

 

Role description

The STG is in the middle of a strategic programme of improvements to the stress testing framework. In contributing to the implementation of the new operating model for Stress Testing, the role will involve improving the analysis and reporting of results to stakeholders. To achieve this, the role will involve building tactical IT solutions / prototypes and working closely with IT to deliver enhancements to the strategic Stress Testing systems.
Additional responsibilities will include assisting with global and regional capital planning & regulatory capital submissions (i.e. ICAAP, Nomura Holdings Firm Wide Stress Testing (FWST)), scenario definition & calibration, and working with Risk Methodology in the improvement and development of stress testing methodologies (SA-CCR, FRTB, Climate Risk).

 

Key objectives critical to success:

  • Working with other team members and other teams (Risk, IT, Finance) towards the implementation of the strategic operating model:
  • Improve reporting process.
  • Investigation and analysis of stress results
  • Develop tactical tools / prototypes for scenario calibration and analysis of stress results
  • Based on tactical prototypes, help define STG procedures and strategic IT requirements
  • Answer ad-hoc requests around stress testing process, data and results to Risk Managers, and other stakeholders. Will have strong analytical skills to dissect overall numbers into its principal components.
  • Building relationships within STG and across Risk Management, Risk IT and other departments to ensure timely and consistent delivery.

 

Skills, experience, qualifications and knowledge required:

  • Strong educational qualifications (or relevant experience) with an understanding of economics, financial markets and products
  • Strong knowledge / experience in Python, VBA or equivalent language a must.
  • Good understanding or experience of Climate Change risk and Climate scenarios a plus
  • About 2-3 years of experience working in an investment bank within a risk management team a plus
  • Active interest in financial markets and their behavior under varying economic conditions.
  • Demonstrable ability and confidence to build relationships at all levels
  • Strong communication skills
  • Ability to work autonomously and ability to recognize when to implement recommendations or escalate issues
  • Strong organizational skills and ability to work under pressure
  • Accurate, with excellent attention to detail

 

Right to Work


The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role