Internal Auditor: Credit & Market Risk Associate

Corporate

Title:

Associate Department:
Internal Audit Location:
New York, NY The pay range for this position at commencement of employment is expected to be between $105K and $130K/year* (see below footnote for additional compensation and benefits information).

Company Overview

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions:
Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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  .

Aon’s Benefit Index ® , Nomura’s benefits rank #1 amongst our competitors

Department Overview

Nomura's Global Internal Audit Division provides independent assurance to senior management and the Board, reinforcing the firm's sound risk culture and control environment. We operate across major financial centers and collaborate closely with the First and Second Lines of Defense to evaluate and enhance governance, risk management, and regulatory compliance.



Role Overview

The Internal Auditor Associate – Credit & Market Risk acts as the functional Subject Matter Expert (SME) for assessing the Second Line of Defense (2

LoD) oversight of credit and market risks within Nomura's Wholesale Division businesses.

The auditor will evaluate how the Credit & Market Risk functions identify, measure, monitor, and report risk exposures, and how risk appetite frameworks translate across asset classes, products and regions. This role focuses exclusively on credit and market risk management audits. However, developing familiarity with how models and valuation processes feed into credit and market risk frameworks is expected to ensure effective collaboration with Internal Audit’s Model Risk and Valuation SMEs.

This is a hands-on, analytical role suited to professionals who combine regulatory and product knowledge with a quantitative mindset, advanced analytics capabilities, and strong stakeholder engagement skills. Knowledge of derivative products, credit risk measurement methodologies, Basel III requirements and data analytics, tools, and methodologies are considered key requirements.



Role Description / Areas Of Responsibility

• Actively participate in all phases of our credit risk audits, assisting with the design, creating tests, documenting work papers, drafting issues, and presenting findings to senior audit management.
• Assist is monitoring the audit budget, identifying deviations from the plan, and presenting status reports to the Auditor-in-Charge (AIC).
• Participate in other functional audits such as market risk.
• Actively promote and ensure consistency with Internal Audit policies and foster a strong understanding of professional practices across the team.
• Maintain a current understanding of changes to Nomura’s credit risk profile, organization, and regulatory environment within your assigned area and close partnership with key stakeholders. This includes assisting in writing a Continuous Monitoring quarterly update for senior management regarding (1) notable changes impacting the inherent risk of the audit entity; (2) changes in the control environment, and (3) changes to the audit plan and risk assessment.
• Work with the Credit Risk Audit team to document in detail the Credit Risk coverage across key dimensions of business lines, material legal entities and regulations, and assist in developing a 3-yr audit cycle in line with Internal Audit methodology.
• Collaborate with the team manager and colleagues to provide support on audit requests, special projects and follow up issues.
• Collaborate with global data analytics and AI COE to develop and implement custom data analytics and automated testing for specific audit reviews to identify control weaknesses while also contributing to the design and maintenance of sustainable continuous monitoring tests for ongoing auditing.