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Job Title: Stress Testing Associate Corporate Title: Associate Department: Risk Location: London Company overview 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. Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com Department 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 which 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. The Stress Testing analytics (STA) is part of the Global Risk Methodology Group (RMG); it has the mandate to develop, enhance and maintain stress testing and other models in line with internal and regulatory requirements, and guidelines provided in the Stress testing framework. The team is further responsible for the proper documentation, development and application of governance, as well as presenting to internal stakeholders and regulators models regarding stress testing and financing risk. The group is involved with the stress testing models that are used for computing capital adequacy and reporting for the whole firm under various regulator(s) provided scenarios or internal scenarios. The team works extensively on the regulatory and economic capital models applied under stress scenarios for market, counterparty credit, operational and other risks, while also owning models pertaining to the construction and expansion of these scenarios. The particular role is to predominantly focus on the stress credit counterparty risk models, including Stressed Default Loss, TWD Credit RBLs, Stressed BA CVA and others. The stakeholder is expected to work closely with other team members as well as other stakeholders such as model owners, IT and model validation group. Role Description: Work closely with the Stress Testing Group (STG), Model Validation Group, Treasury, and other groups on the projects related to Stress Testing Framework. Development and periodic update of proto-type models with special attention to the model related to Market risk and Counterparty Credit Risk. Implementation of stress testing models into strategic risk system (this includes developing methodology, building prototype, writing technical business requirement document, performing model testing, ensure compliance with regulatory requirements and liaising with model validation group). Act as a subject matter expert for the stress testing models and providing support to the model users (i.e. stress testing group/Finance) and be a key point of contact with respect to such models. Work on the stress testing guidelines, perform firm wide analysis and to assess the impact of stress testing models. Create strategic tools for stress testing models using python and migrating to GITLAB. Participate in periodic review of models and calibration of model parameters. Provide necessary support to Model validation group/Audit team during validation of stress testing models including any model change on an ongoing basis. Adhere to all governance as laid out in related Policies and Procedures. Skills, experience, qualifications and knowledge required: experience either in Market risk or Credit risk with good understanding of risk modelling. Credit experience is preferred. V