Location
London

Hours
Full Time

About the Role
Nomura is a global financial services group connecting markets East and West, servicing individuals, institutions, corporates, and governments through its four business divisions. The Risk Management Division is responsible for managing the firm's overall risk appetite and risk-return profile, ensuring efficient capital deployment. The Stress Testing Analytics (STA) team, part of the Global Risk Methodology Group, develops and maintains stress testing models in line with internal and regulatory requirements.

As a Stress Testing Associate, you will focus predominantly on stress credit counterparty risk models such as Stressed Default Loss, TWD Credit RBLs, and Stressed BA CVA. You will collaborate closely with team members and stakeholders including model owners, IT, and the model validation group.

Your responsibilities will include working with the Stress Testing Group, Model Validation Group, Treasury, and others on projects related to the Stress Testing Framework; developing and updating prototype models related to Market and Counterparty Credit Risk; implementing stress testing models into strategic risk systems; acting as a subject matter expert and key contact for stress testing models; performing firm-wide analysis and impact assessments; creating strategic tools using Python and migrating to GITLAB; participating in model reviews and calibration; and supporting validation and audit processes while adhering to governance policies and procedures.

Experience
Experience in Market Risk or Credit Risk with a strong understanding of risk modelling is required. Credit risk experience is preferred.

About you
You have a strong mathematical and statistical background with a very good grasp of probability, statistics, stochastic calculus, linear algebra, and Monte Carlo techniques. You are familiar with financial products such as bonds and derivatives and have good knowledge of Python, SQL, Matlab, and VBA. Familiarity with AI and related applications is an advantage. You demonstrate strong analytical skills and the ability to work collaboratively with multiple stakeholders.

Qualifications
MSC in a related discipline is required. Actuaries who have cleared at least 3 CT papers are at an advantage. Professional certifications such as FRM, PRM, or CFA are desirable.