1,960 Market Risk jobs in India

Role Objective:

1. To monitor counterparty Limits, Currency Limit, Stop Loss Limit, Liquidity Limits preparations and submission of various reports to RBI/ Head office/ local office pertaining to Liquidity and Interest Rate Risk.
2. Preparation and submission of Structural Liquidity Statement, Interest Risk Sensitivity Statement, Basel III regulatory reports to RBI.

Detailed Roles and Responsibilities:

A) Main Duties

• Monitoring Dealer and Currency wise Limit
• Monitoring of Counter Party Limits
• Monitoring of Overdraft in Nostro and Vostro Accounts
• Monitoring of NOP (Net Open Position), AGL (Aggregate Gap Limits)
• Monitoring of Stop Loss Limits
• Generating VAR
• Monitoring MTM of FX, Investment, Derivatives
• Monitoring PV 01, Modified Duration Limits
• Preparation of NSFR (Net stable funding ratio)
• Preparation of LCR (Liquidity Coverage Ratio)
• Preparation of SLS (Structured Liquidity Statement), IRS (Interest Rate Sensitivity) returns
• Responding to DAKSH queries, Audit/ Inspection queries, Head Office requirements
• Monitoring additional limits, if any, defined in Bank’s Policy & Procedures/ defined by regulator
• Creating/ Amending counter party in Treasury System
• Monitoring VAR Back Testing results

B) Main Duties (Monthly)

• Preparation and submission of Basel III Liquidity Report
• Generating, Preparation and submission of Liquidity Return to RBI
• Generating, Preparation and submission of Interest rate Sensitivity Return to RBI
• Preparing Asset Liability Committee, Investment Committee agenda & minutes
• Month end price generation and verification for investments, Forex, Derivatives
• Monitoring Dealer Call records
• Maintaining proper record of counterparty limits in Treasury System in co-ordination with Head Office
• Coordinating with Vendors/ IT team for Treasury system upgrades/ issues
• Submission of regulatory returns/ Head office returns/ local office returns of Market Risk department

C)Main Duties (Quarterly)

• Market Risk and counterparty Capital charge computation
• Preparation of Counterparty wise Risk Statement
• Submission of Risk Appetite figure pertaining to Mid-Office Dept.

D) Main Duties (Half Yearly)

• Preparing Half yearly Investment Review
• Conducting Stress test as per defined frequency

E) Main Duties (Yearly)

• To Compile RBS Data related to Market/ Liquidity Risk to be submitted to RBI
• Conducting behavioral analysis for SLS, LCR, NSFR, IRS
• Reviewing policies and procedures pertaining to Market Risk

Essential Skills/Qualifications/Experience required:

a) Professionally qualified (CA, MBA, CFA, FRM, Certificate in Risk in Financial services)

b) At least 5 years of experience in the Market/ Liquidity Risk management

c) Proficiency in MS-Excel/ VBA

d) Fluent communication skills

e) Good understanding of Treasury Systems like Bloomberg, Refinitiv, Finacle Treasury etc

Role Objective:

• To monitor counterparty Limits, Currency Limit, Stop Loss Limit, Liquidity Limits preparations and submission of various reports to RBI/ Head office/ local office pertaining to Liquidity and Interest Rate Risk.
• Preparation and submission of Structural Liquidity Statement, Interest Risk Sensitivity Statement, Basel III regulatory reports to RBI.

Detailed Roles and Responsibilities:

A) Main Duties

• Monitoring Dealer and Currency wise Limit
• Monitoring of Counter Party Limits
• Monitoring of Overdraft in Nostro and Vostro Accounts
• Monitoring of NOP (Net Open Position), AGL (Aggregate Gap Limits)
• Monitoring of Stop Loss Limits
• Generating VAR
• Monitoring MTM of FX, Investment, Derivatives
• Monitoring PV 01, Modified Duration Limits
• Preparation of NSFR (Net stable funding ratio)
• Preparation of LCR (Liquidity Coverage Ratio)
• Preparation of SLS (Structured Liquidity Statement), IRS (Interest Rate Sensitivity) returns
• Responding to DAKSH queries, Audit/ Inspection queries, Head Office requirements
• Monitoring additional limits, if any, defined in Bank’s Policy & Procedures/ defined by regulator
• Creating/ Amending counter party in Treasury System
• Monitoring VAR Back Testing results

B) Main Duties (Monthly)

• Preparation and submission of Basel III Liquidity Report
• Generating, Preparation and submission of Liquidity Return to RBI
• Generating, Preparation and submission of Interest rate Sensitivity Return to RBI
• Preparing Asset Liability Committee, Investment Committee agenda & minutes
• Month end price generation and verification for investments, Forex, Derivatives
• Monitoring Dealer Call records
• Maintaining proper record of counterparty limits in Treasury System in co-ordination with Head Office
• Coordinating with Vendors/ IT team for Treasury system upgrades/ issues
• Submission of regulatory returns/ Head office returns/ local office returns of Market Risk department

C)Main Duties (Quarterly)

• Market Risk and counterparty Capital charge computation
• Preparation of Counterparty wise Risk Statement
• Submission of Risk Appetite figure pertaining to Mid-Office Dept.

D) Main Duties (Half Yearly)

• Preparing Half yearly Investment Review
• Conducting Stress test as per defined frequency

E) Main Duties (Yearly)

• To Compile RBS Data related to Market/ Liquidity Risk to be submitted to RBI
• Conducting behavioral analysis for SLS, LCR, NSFR, IRS
• Reviewing policies and procedures pertaining to Market Risk

Essential Skills/Qualifications/Experience required:

a) Professionally qualified (CA, MBA, CFA, FRM, Certificate in Risk in Financial services)

b) At least 5 years of experience in the Market/ Liquidity Risk management

c) Proficiency in MS-Excel/ VBA

d) Fluent communication skills

e) Good understanding of Treasury Systems like Bloomberg, Refinitiv, Finacle Treasury etc

For detailed job description and to apply for this position, please follow the below link.

This role includes Risk Analysis, assessment, monitoring & mitigation of the clients trading portfolio across all asset classes (Equities/Currencies/FI instruments/Commodities).

Experience: 1 to 3 years

Roles & Responsibilities:

• Market Risk Monitoring
• Monitoring & mitigation of the clients trading portfolio.
• Communication and co-ordination between various stakeholders to highlight the risk & take action wherever possible
• Review of risk management policies including the quantification of our risk appetite through specific risk limits
• Branch/Business Servicing, query resolution related to Risk.
• Assess exceptions to above mentioned frameworks/policies.
• Funding approval/LAS approval
• Prepare periodic Dashboard, analysis for reporting to senior authorities.
• Process improvement & Automation.
• UAT testing and signing off the same for GO live.

Nomura Overview:

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment 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

Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations.

At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.

Division Overview:

The Risk Management Division encompasses the firm's comprehensive risk framework responsible for determining and managing the overall risk appetite for the firm. The division is responsible for effectively managing the firm's risk-return profile that ensures the efficient deployment of the firm's capital. It is one of the firm's core competencies and is independent of the trading areas and operational areas.

Business Unit Overview:

Market Risk Management works to identify, monitor and control the firm’s exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies. Major activities involve daily analysis and interpretation of the results of risk sensitivities;
validation of VaR, Incremental Risk Change, Economic Capital numbers and sign-off on the relevant Risk systems & preparation of risk reports for traders and senior business management. Risk managers are also expected to re-engineer the risk reporting process and provide ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads

What We Offer:

• We support employee wellbeing by ensuring a sense of purpose and belonging.
• We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
• Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.

Position Specifications:

Corporate Title: Analyst/Associate

Functional Title: Analyst/Associate

Experience: 2- 5 years

Qualification: Graduate / Post Graduate

Role & Responsibilities:

The role involves daily analysis and sign-off for FRTB PLA under the Global Rates products desk of Nomura as per the IMA FRTB framework. The key objective is to identify, analyse, and resolve discrepancies between Risk Theoretical P&L and Front Office Hypo P&L while ensuring ongoing compliance with regulatory back-testing requirements under the implemented IMA FRTB model. The role also includes supporting the transition of FX business to IMA framework through detailed analysis and issue resolution.

The role entails collaborating with Global cross-functional teams such as

• Risk Methodology team and Product Level Risk Managers to identify issues/limitations/solutions in the valuation of different products
• IT Team to identify system limitations and improvements
• Market Risk Infrastructure Team to deploy the necessary changes in the risk valuation

Mind Set:

Domain

• Good knowledge of Financial Products (especially derivatives), Financial Markets, Economics
• Understanding of risk sensitivities, VaR and economic capital
• Background in a numerical discipline: engineering;
  math;
  science;
  etc.
• Strong analytical, quantitative and technical abilities
• Strong communication skills (oral and written)

Technical

• Certification in CFA/FRM
• Python for Finance
• Knowledge of Power BI, Alteryx
• Advanced Excel
• Good knowledge of FRTB regulations

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.

*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).

Responsibilities:

PnL Responsibilities

Analysis, Validation, Commentary and Reporting of Daily Profit and Loss for Equity / Fixed Income, Equity / Fixed Income Derivatives and Hybrid Asset class.Explanation / Substantiation of Daily Profit and Loss by attributing the Profit and Loss derived from different Greeks (Delta, Gamma, Vega, Rate, Dividend, Repo etc.) and new dealsAnalysis of Validation, Commentary and Reporting of FRTB Risk Profit and Loss.Analysis and commentary of VaR (Value at Risk) Back Testing breaches. Suggesting steps to ensure reduction of VaR Back Testing breachesCo-ordinating with Accounting team to explain difference between Month End Accounting and Economic P&L.Practicing appropriate controls and reviews Daily P&L numbers and Adjustments. Co-ordination and follow up with Referential and Trade Booking team to ensure all issues linked with P&L are mitigated quickly.Create and maintain adequate documentation for the responsible process and implement appropriate controls and checks in the processClose contact with Traders to explain the daily P&L and provide swift service traders to adhoc requestHaving good analytical skills to perform manual valuation of the Products for the respective asset classes

Market Risk Responsibilities

Analysis, Validation, and commentary of Value at Risk (VaR), Stressed Value at Risk (SVaR), Stress Test and Risk Sensitivities (Equity Delta, Interest Rate Delta, Basis Delta, FX Delta, Equity Vega, Interest Rate Vega, etc) for instruments exposed to Market Risk on Equity / Fixed Income, Equity / Fixed Income Derivative and Hybrid products.Sound understanding of Sensitivity (Greeks) * Shock approach and Full Valuation methodology to explain the market risk move and level.Analysis, Validation, and commentary on FRTB metrics like Default Risk Charge, RRAO, Standard Based Model etc.Level and Move analysis of the market risk metrics and sensitivities with proper justification.Limit monitoring of risk sensitivities, VaR and SVaR and prompt communication to FO about the breaches.Active involvement in adhoc request on regulatory topics, valuation model changes, Stress VaR widow calibration etc.

Generic Responsibilities

1. - Focus on error free production with the stipulated time bound process.
2. - Having good analytical skills to perform manual valuation of the Products for the respective asset classes.
3. - Co-ordinate with Front Office (FO), Technology teams and other internal stakeholders when required during the validation process.
4. Effective communication to highlight issues in the validation process to the BGL management and Regions.
5. Create and maintain adequate documentation for the responsible task and implement appropriate controls and checks in the process
6. Should work in tandem with onshore risk counterparts for onboarding new processes and ad-hoc query resolution.
7. Should be able to work in a team environment and should work towards the team’s goals as priority.

Profile Required:

PnL Responsibilities

Analysis, Validation, Commentary and Reporting of Daily Profit and Loss for Equity / Fixed Income, Equity / Fixed Income Derivatives and Hybrid Asset class.Explanation / Substantiation of Daily Profit and Loss by attributing the Profit and Loss derived from different Greeks (Delta, Gamma, Vega, Rate, Dividend, Repo etc.) and new dealsAnalysis of Validation, Commentary and Reporting of FRTB Risk Profit and Loss.Analysis and commentary of VaR (Value at Risk) Back Testing breaches. Suggesting steps to ensure reduction of VaR Back Testing breachesCo-ordinating with Accounting team to explain difference between Month End Accounting and Economic P&L.Practicing appropriate controls and reviews Daily P&L numbers and Adjustments. Co-ordination and follow up with Referential and Trade Booking team to ensure all issues linked with P&L are mitigated quickly.Create and maintain adequate documentation for the responsible process and implement appropriate controls and checks in the processClose contact with Traders to explain the daily P&L and provide swift service traders to adhoc requestHaving good analytical skills to perform manual valuation of the Products for the respective asset classes

Market Risk Responsibilities

Analysis, Validation, and commentary of Value at Risk (VaR), Stressed Value at Risk (SVaR), Stress Test and Risk Sensitivities (Equity Delta, Interest Rate Delta, Basis Delta, FX Delta, Equity Vega, Interest Rate Vega, etc) for instruments exposed to Market Risk on Equity / Fixed Income, Equity / Fixed Income Derivative and Hybrid products.Sound understanding of Sensitivity (Greeks) * Shock approach and Full Valuation methodology to explain the market risk move and level.Analysis, Validation, and commentary on FRTB metrics like Default Risk Charge, RRAO, Standard Based Model etc.Level and Move analysis of the market risk metrics and sensitivities with proper justification.Limit monitoring of risk sensitivities, VaR and SVaR and prompt communication to FO about the breaches.Active involvement in adhoc request on regulatory topics, valuation model changes, Stress VaR widow calibration etc.

Generic Responsibilities

1. Focus on error free production with the stipulated time bound process.
2. Having good analytical skills to perform manual valuation of the Products for the respective asset classes.
3. Co-ordinate with Front Office (FO), Technology teams and other internal stakeholders when required during the validation process.
4. Effective communication to highlight issues in the validation process to the BGL management and Regions.
5. Create and maintain adequate documentation for the responsible task and implement appropriate controls and checks in the process
6. Should work in tandem with onshore risk counterparts for onboarding new processes and ad-hoc query resolution.
7. Should be able to work in a team environment and should work towards the team’s goals as priority.

Why Join Us

“We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status”

Business Insight

At Société Générale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious. Whether you’re joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating, and taking action are part of our DNA. If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

Still hesitating?

You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.

We are committed to support accelerating our Group’s ESG strategy by implementing ESG principles in all our activities and policies. They are translated in our business activity (ESG assessment, reporting, project management or IT activities), our work environment and in our responsible practices for environment protection.