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Algorithmic Trading Model Risk Analyst, Associate

Employer
Nomura
Location
Borough, South East London, United Kingdom
Salary
Competitive Salary
Closing date
Nov 25, 2021

View more

Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Level of qualification
Newly qualified, Qualified, CIMA
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JOB DESCRIPTION



Job title:
Algorithmic Trading Model Risk Analyst
Corporate Title: Associate
Department: Risk Management


Location:
London

Company overview

Nomura is an Asia-based 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 three business divisions: Retail, Asset 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 www.nomura.com

Business unit overview:

Model Risk Management is a group within Risk Management headed by the Global Head of Model Risk responsible for:

(1) Executing and maintaining an effective Model Risk management framework.
(2) Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite.
(3) Independently validating the integrity and comprehensiveness of the Models in the Firm.

Key objectives critical to success:

Due to the extension of the scope of the Model Risk Management process, the Firm is seeking to recruit a member of the newly established Algorithmic Trading Model Validation Group. The successful candidate will have a strong quantitative background and will be responsible for the independent validation of Nomura's Algorithmic Trading Models across a wide variety of asset classes / business lines. The team is responsible for:

* Independent Validation of Algorithmic Trading Models, including
* Assessment of conceptual soundness of Algorithmic Trading Models, including the integrity and suitability of
* Model parameters
* Implementation testing
* Model Risk Analysis - to identify, analyse and quantify Model Risk
* Development and Execution of Model Performance Monitoring to ensure that Algorithmic Trading Models are performing as intended
* Design and implementation of Model Risk Control processes for Algorithmic Trading Models

Skills, experience, qualifications and knowledge required:

Essential

* A working experience in a quantitative environment
* A postgraduate degree in a quantitative discipline
* Established experience in quantitative financial models as a Model Developer or Model Validator
* Practical knowledge of optimization, statistics and machine learning
* Excellent verbal and written communication skills in English
* Self-motivated work attitude

Desirable

* Familiarity with Valuation Models
* PhD (or equivalent) in a quantitative discipline...
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