Stress Testing - Vice President

Recruiter
Nomura
Location
London, United Kingdom
Salary
Negotiable
Posted
23 Sep 2022
Closes
23 Oct 2022
Ref
16556383
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job title: Stress Testing VP

Corporate Title: Vice President

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 new operating model for Stress Testing, the role will involve assisting with global and regional capital planning & regulatory capital submissions (e.g. ICAAP, Nomura Holdings Firm Wide Stress Testing (FWST)). This will include analysing, reporting and presenting results to stakeholders and committees.

Additional responsibilities will working with Risk Methodology in the improvement and development of stress testing methodologies, involvement in building tactical IT solutions / prototypes and working closely with IT to deliver enhancements to the strategic Stress Testing systems.

Key objectives critical to success:
  • Working with other team members and other teams (Risk, IT, Finance) towards the implementation of the strategic operating model:
    • Enhancement of capital stress testing and wider use of stress testing in strategy and risk appetite.
    • Investigation and analysis of stress results to improve the reporting process.
    • 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.
  • 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
  • Experience in an Enterprise Risk role or experience of capital stress testing within an investment bank (e.g. ICAAP, Reverse Stress Testing)
  • Strong knowledge / experience in Python, VBA or equivalent language.
  • Experience of Climate Change risk and Climate scenarios 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


Nomura Competencies

Trusted Partner
  • Understand clients' needs and issues, and respond with high-quality proposals
  • Acquire capabilities to perform one's responsibilities and contribute to being a Trusted Partner

Entrepreneurial leadership
  • Produce new ideas that might challenge the status-quo or oneself

Teamwork

Collaboration
  • Seek advice from senior colleagues and utilize it for improved results
  • Collaborate with members from relevant departments

Influence
  • Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
  • Serve as role model and provide guidance to junior employees

Integrity
  • Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly

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.


Diversity & Inclusion


Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

Similar jobs

Similar jobs