Quantitative Risk Management Summer Analyst Program

Job description

2027 Quantitative Risk Management Summer Analyst Program

Company Overview

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

Risk Management Overview

The Americas Risk Management Division provides independent oversight of the financial and non-financial risks of the firm, inclusive of but not limited to credit risk, market risk and operational risk. This function is crucial to the successful performance of the firm, helping us deliver innovative financial solutions that set Nomura apart in the global marketplace. Risk Management works closely with all areas of the firm including Global Markets, Investment Banking, Finance, Legal, Compliance and Operations.

About Our Summer Analyst Program
:

The Summer Analyst Program runs for 10 weeks, during which Analysts will enjoy extensive contact with Nomura professionals at all levels through discussion groups, seminars and informal social functions. This program is an integral component of our full-time recruiting. Please note this not a rotational program.

We aim to provide Summer Analysts with the same level of exposure as a first-year Analyst, with a hands‑on opportunity to participate as full members of the team. They are expected to form effective working relationships and to demonstrate a commitment to the firm’s goals and values.

During the course of the internship, Summer Analysts benefit from working closely with a peer and interacting regularly with a senior mentor.

What Roles You Might Play
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• Market Risk: broad involvement in risk management of traded positions, with exposure to cash and derivatives products across fixed income and equities. You will be embedded within the Market Risk team and will work closely amongst market risk managers to understand the behavior of financial products and the market risk metrics used to manage trading activity.
• Risk Methodology Group (RMG): This team develops a robust risk modelling framework to quantify the potential downside or losses that the firm can incur both at the trade and portfolio level. These models are used in regulatory or economic capital calculations, limit monitoring, trade approval or management reporting. You will be able to work on developing or improving a risk model.
• Model Validation Group (MVG): you will gain hands‑on exposure to the independent validation and governance of quantitative models used across trading and risk functions. Working alongside experienced model validators, you will assist in reviewing model documentation, evaluating model conceptual soundness, analyzing model assumptions and limitations, and supporting the preparation of validation reports. Responsibilities may include processing data, performing statistical analyses, benchmarking model outputs against alternative approaches, and documenting findings for review by senior team members and stakeholders such as Front Office Quants and model users.
  
  This internship offers a valuable opportunity to understand the economic rationale and quantitative methods of complex financial models and develop practical skills in model validation and regulatory compliance while contributing to the firm's model risk governance framework.

Desired Skillset

• Outstanding academic qualifications
• Strong communication and interpersonal…