Model Risk - Investment Management

Model Risk – Investment Management Corporate Title

Vice President

Risk Management

New York or Philadelphia

The pay range for this position at commencement of employment is expected to be between $160,000 and $190,000 annually.

* see below footnote foradditionalcompensation and benefits information).

Nomura is a financial services group with an integrated global network.

By connecting markets East & West, we service the needs of individuals, institutions,corporates and governments through our four business divisions:
Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.

For further information about Nomura, visit  Aon’s Benefit Index®, Nomura’s benefits
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Nomura's Risk department plays a crucial role in identifying, assessing, and mitigating risks across our business. We strive to protect the firm's assets, reputation, and financial stability by implementing robust risk management practices. Join our team and contribute to our proactive approach in managing risks, allowing us to make informed decisions and thrive in an ever-changing market environment.

The Model Validation Group (MVG) is part of the Risk department and globally responsible for establishing Model Risk Management framework, independently validating the integrity and comprehensiveness of Models in the firm. MVG also develops measures of Model Risk; monitoring Model Risk vs. the firm’s Model Risk Appetite and escalates model approval breaches.

We are seeking an experienced Vice President to join our Model Validation Group (MVG) with primary responsibility for reviewing and validating models utilized across the Investment Management Division (IMD), including Nomura Asset Management International. In this role, you will provide independent validation oversight for sophisticated quantitative models that are critical to our global investment management operations.

• Conduct independent validation of complex models used in IMD covering quantitative investment strategies, index calculation including Quantitative Investment Strategies (QIS), automated execution, as well as models used in risk management and performance reporting.
• Evaluate model conceptual soundness, ongoing monitoring framework, and model outcomes and appropriateness for intended use.

• Document validation findings including risk-based assessment of model limitations and assumptions in detailed reports.
• Present validation results and risk assessments to senior management, model risk governance committees, and business stakeholders.
• Contribute to the establishment and promotion of model governance standards and best practices in IMD under Nomura Group’s Model Risk Management framework.
• Build collaborative partnerships with stakeholders while maintaining independent, principled challenge.

• 3+ years of experience at VP or equivalent level in model validation, quantitative analysis, portfolio management, or risk management; demonstrated expertise in investment management strongly preferred.
• Master’s degree or higher in Math, Statistics, Economics, or related quantitative discipline.
• Expertise in at least one of the following areas:
  • Risk Models related to Var or Counter party exposure
  • Pricing Models from one of the asset classes:
    Interest Rate/FX/Equity Derivatives/Credit
  • Quantitative investment management, asset allocation, and portfolio optimization
  • Risk management within asset management companies
  • Corporate valuation methods
  • Index calculation methodologies, including Quantitative Investment Strategies (QIS)

Advanced proficiency in Python, R, and/or VBA for quantitative modeling and analysis.