Nomura Overview:

Nomura is an Asia-headquartered 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 four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant 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.

Nomura Services India, (Powai) supports Nomura's businesses around the world. Powai's world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura's global operations and are an integral part of Nomura's global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura's global business.

Nomura is an equal opportunities employer.

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career's responsibilities, sexual orientation, gender identity, race, color, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.

Business Unit Overview:

Manager/AVP - Product Control - Model Validation Group (PCMVG):

The Model Validation Group in the Product Control is the newly established team which Analyze, Review & Validate the models developed within Product Control division. This group assesses the integrity and suitability of the Model parameters including calibrated and unobservable parameters, perform implementation testing and highlight any model risks. This group is also responsible to determine an appropriate classification for Model Risk Rating. The outcome of the model reviews must be discussed and agreed with the Model Owners, who are mainly Regional Heads of Product Control / Valuations.

The PMMVG works closely with Front Office including quantitative research teams, wider Finance and often with Pricing Model Validation groups. This role consequently offers significant exposure to various asset classes / regional market/practices within the Product Control and valuation areas and also to the front office Pricing models/ methodologies.

Position Specifications:

Corporate Title : Associate

Functional Title: Manager / AVP

Experience: 5 - 9 years

Qualification: Grad/PostGrad in a quantitative field

Role & Responsibilities:

- Review Product Control Valuation models - Ensure that the model meets its stated objective and intended use.

- Prior Independent Price Verification (IPV) and/or Model validation experience

- Ability to identify the Model Risks and rate them appropriately

- Preparation of model review documentation

- The familiarity of Front office Pricing and Risk methods

- Ability to communicate with key stakeholders and senior management

- Ability to work effectively on multiple projects / across product classes

Skills Required:

- Basic understanding of derivatives pricing

- Competency in one or more major programming languages (C++, Python) required (at the very least exposure to procedural programming)

- Advance working knowledge of MS Excel and VBA

- Attention to detail

- Good written communication in English

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