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Job Title


Global Markets – Front Office Risk - Associate


Company : Nomura


Location : Mumbai, Maharashtra


Created : 2026-02-23


Job Type : Full Time


Job Description

Nomura Overview:Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant 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, visitNomura Services India, (Powai) supports Nomura’s businesses around the world. Powai’ s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura’s global operations and are an integral part of Nomura’s global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura’s global business.Nomura is an equal opportunities employer. We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career’s responsibilities, sexual orientation, gender identity, race, color, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.Division Overview:Global Markets Division: Based in Mumbai, the front-office team which works on a team extension model delivers pricing, modelling and risk management expertise to the Global Markets business. Founded as a centre of excellence, the group leads the way in price discovery and portfolio optimization techniques and is integral to the business’ aggressive revenue targets. The team is playing an integral role in structuring, pricing, risk management and new idea generation.Business Unit Overview:Nomura’s Front Office Risk team covers various gamut of Risk and capital Management activities for the Global Markets business globally. The team works directly with Heads of global markets (Global and regionally) with the Powai team reporting into the Global head of FO Risk based in NY. Team roles can be divided into three main categories: Front Office Risk tasks including daily analysis of GM risks and PnL and identifying potentially toxic risks and PnL drivers. This also includes stop loss management for all GM traders and working with them for any risk reductions required in line with the stop loss policy. Assessing potential impact of upcoming economic events and running stress scenarios for the same to estimate potential economic impact on Nomura portfolios. This may include certain central bank meetings (where the outcome is uncertain) or other key events like Russia/Ukraine Crisis, US Elections, Tariff’s impact, etc. Capital Analysis and Planning: To analyse the regulatory capital requirement changes on a regular basis and identifying drivers of capital changes. Team also looks at developing potential trades to mitigate capital increases.Position Specifications: Corporate TitleAssociate Functional TitleAssociate Experience1-5years QualificationBTech /BE /MSc /MBA Finance from a top school in IndiaRole & Responsibilities: Monitor and help manage the risk within the Credit and EQ business of AEJ Global market Engage in regular dialogue with Regional FO risk desk, trading desks and 2nd line around current risks, markets, etc. in APAC Regions Work with Global FO Risk team to produce globally integrated view of Nomura’s Financial Risks Ensure all risks taken within GM are identified, understood, measured, monitored daily Provide analysis and recommendations around trading desk risks in all regions and challenge where necessaryMind Set:DomainExperience in a Risk Management role on EQ or Credit side would be preferred Strong analytical skills and experience of Power BI platform. The person should have good communication skill as the job will involve a permanent interaction with the traders and all the support functions. Language capability: English at Business levelPrior trading or risk management experience on EQ or credit side, recently or in the past, would be preferred but is not a deal breakerTechnical Python / VBA / Dashboarding tools like Power BI / Tableau is also a plus but not a compulsory requirement