Business Analyst - Market Risk

Business Analyst - Market Risk Job Code: 13137 Country: US City: New York Skill Category: Risk Description: Title: Business Analyst Market Risk Corporate Title : Associate Department : Risk Location: New York City The pay range for this position at commencement of employment is expected to be between $105,000 and $120,000/year* (see below footnote for additional compensation and benefits information). Company Overview Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment 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, visit . Aon's Benefit Index, Nomura's benefits rank #1 amongst our competitors. Department Overview The Risk Management Department at Nomura is broadly organised according to the main risk classes; Credit Risk Management, Market Risk Management, Operational Risk Management and New Products/Business. The Risk Management team works to provide a firm wide capital management framework, which takes into account the availability and cost of capital, its effective utilization within and across business lines and the overall capital adequacy of the firm. Risk Management's key activities include ensuring transparency and effectively managing market, credit, liquidity, concentration and tail risk within the risk appetite of the firm and monitoring the effectiveness of capital utilization through the use of limit structures, with an emphasis on stress testing and risk adjusted returns on capital efficiency measures. The Risk Change function within Risk management manages regulatory and other strategic changes for various risk business functions. Working in Risk change gives a great opportunity to understand Nomura Risk businesses processes and domain. Risk Change partners with technology and business functions to support implementation of various risk solutions. Successful candidates will work within the Market Risk workstream and will work very closely with other global Risk Analysts, Risk Middle Office, Risk Technology, Production Support and other business functions to deliver various Regulatory and Strategic Risk changes. Role Description As part of the Market Risk global Book of Work covering both regulatory, Strategic and incremental business change there is a requirement for a Business Analyst with market risk domain knowledge. Candidate would be supporting programme managers and business analysts in market risk programme to deliver across a number of market risk initiatives (Basel 2.5, FRTB SA & IMA, CVA, Financing Risk & Stress Testing). Gather business requirements detailing current and future state requirements for tactical and strategic solutions. Ensure adherence to project governance and control processes around project delivery. Own body of work, escalating issues to the Lead Business Analyst/Project Manager and where necessary, the appropriate governance structure of the programme. Timely reporting of project status, issues, risks to various management team and governance forum as appropriate. Leverage strong foundation of various market risk concepts to manage delivery of business mandatory market risk related changes. Good communication skills and understanding of key Market Risk business processes to support presentation of complex topics to senior management. Interprets Regulatory and Strategic business requirements in conjunction with various Market Risk stakeholders to manage scoping of business requirements and delivery. Act as business gate keeper, controlling issues raised to IT and ensuring they are understood and agreed globally. Work with the key stakeholders (business and Risk IT) to ensure all requirements are clearly understood, solutions designed, documented and implemented. Work with lead Programme and Portfolio Managers to organise and prioritise work for the global team within deadlines set and elevate as required. Responsibilities Gather business requirements detailing current and future state requirements for tactical and strategic solutions. Ensure adherence to project governance and control processes around project delivery. Own body of work, escalating issues to Lead Business Analyst/Project Manager and appropriate governance structure. Timely reporting of project status, issues, and risks to management and governance forums. Leverage market risk concepts to manage delivery of mandatory market risk related changes. Act as business gate keeper, controlling issues raised to IT and ensuring they are understood and agreed globally. Work with stakeholders to ensure all requirements are clearly understood, solutions designed, documented, and implemented. Organise and prioritise work for the global team with lead Programme and Portfolio Managers, escalating as required. Qualifications and Experience 5+ years of work experience in Market Risk Management as a Business Analyst or Business User. Good knowledge of key risk metrics (VaR, IRC, FRTB, Stress Testing) and other market risk methodologies. Experience in FRTB SA / IMA / ACVA / FRTB SA CVA / Basel 2.5 VaR implementation would be advantageous. Detailed market risk workflow knowledge. Experience in business partner management, presentation and good written & verbal communication skills. Exposure to DevOps tools (Confluence, JIRA) to manage project deliverables. Prior experience in market risk system implementations and involvement in regulatory projects. Exposure to market risk systems, data and processes involved in generating market risk regulatory capital. Strong attention to detail, accuracy and timeliness of delivery. Track record of managing requirements, delivery and testing in a fast paced environment. Experience in defining testing approach, test plan and test coordination. Proven experience facilitating elicitation of requirements from end users and translating them to user, functional and non-functional requirements for development teams. Work with IT development teams to clarify that design meets requirements. Detailed knowledge of Microsoft Office products: Word, Excel, PowerPoint & Visio. Leadership Behaviors Explore Insights & Vision: Identify the underlying causes of problems and define a clear vision and direction. Make Strategic Decisions: Evaluate options for resolving the problems and effectively prioritize actions or recommendations. Inspire Entrepreneurship: Inspire team members through effective communication of ideas and motivate increased productivity. Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through knowledge sharing. Inclusion: Foster a culture of inclusion and psychological safety, cultivating a risk culture that challenges, escalates, and respects. Compensation and Benefits The total compensation package for this position may include a sign‑on bonus, restricted stock units, and discretionary awards, in addition to a full range of medical, financial, and other benefits (including 401(k), various paid time off, vacation, sick time, and parental leave) depending on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. The base pay offered may vary depending on factors such as location, title, duties, job knowledge, and experience. If hired in the U.S., the employee will be at‑will and the company reserves the right to modify base salary or other discretionary payment at any time. Nomura is an Equal Opportunity Employer. #J-18808-Ljbffr Nomura