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, visit
www.nomura.com
Nomura 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.
Division 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.
Business Unit Overview:
Global Credit Risk Management (CRM) operates as a credit risk control function within the Risk
Management Division, reporting to the CRO. The process for managing credit risk at Nomura
includes:
Evaluation of likelihood that a counterparty defaults on its payments and obligations;
Assignment of internal ratings to all active counterparties;
Approval of extensions of credit and establishment of credit limits;
Measurement, monitoring and management of Nomura’s current and potential future credit
exposures;
Setting credit terms in legal documentation, including margin terms; and
Use of appropriate credit risk mitigants, including netting, collateral and hedging
Overview:
The Lending and Asset Financing Team within CRM is responsible for annual credit reviews,
transaction support, limit management, covenant monitoring, early warning indicator tracking and
other portfolio monitoring activities for a number of strategies including leveraged and acquisition
financing, derivatives, equity based lending, infrastructure financing and asset based securitized
financing. Lending and Asset Financing (LAF) Analyst is responsible for Covenant Monitoring.
Early Warning Indicator Tracking and other portfolio monitoring activities for a global portfolio. This
role involves maintaining thorough oversight & analysis on covenant compliance and monitoring
and other portfolio hygiene processes from across sectors, communicating with and escalating to
the team head on a timely basis, providing effective periodic updates and coordinate globally with
multiple teams.
Position Specifications:
Experience 1 - 3 years in analytical credit operations/middle office/collateral
management
Qualification PGDM / MBA from Tier 1 Colleges
Role & Responsibilities:
Maintain strong oversight over the covenant monitoring process, early warning indicator
(EWI) process and other portfolio monitoring activities as per the current internal process
framework of the team for a global portfolio of clients
Set up from scratch various monitoring processes keeping in mind regional nuances
given the global nature of the portfolio
Ensure that the covenant compliance framework is robust and to escalate cases with
minimal headroom and cases of any breaches promptly to the team head
To coordinate on a quarterly basis or as per business requirements effectively with global
front office deal teams to source data and manage stakeholders tactfully to ensure
complete information is received on a timely basis
Track various market movements and sector level developments, which are relevant to
the performance of corporate counterparties and their risk profile from a EWI and
covenant compliance perspective
Manage covenant data, create a repository and maintain the data and documentation as
per policy and process
Support daily covenant monitoring, quarterly documentation and robust tracking of the
global portfolio and immediate and timely escalations to the team head in cases wherein
information is not provided, there is limited headroom under covenants
Participate and lead in periodic covenant headroom review exercises, investigating cases
of low headroom and breaches and escalating these to the team head immediately
Coordinate with various business teams globally, maintain a record of expected dates of
receipt of covenant data and effectively coordinate with business to ensure efficient
running of the process of covenant compliance monitoring. Additionally, incumbent would
be expected to share the findings at ad-hoc global forums in a clear and succinct manner.
Understand internal credit policies and ensure compliance of existing work streams with
the relevant policies.
Provide support in other ad-hoc projects that are undertaken by the team based on
business requirements.
Mind Set:
Mandatory
At least 1 years’ experience in analytical credit operations/middle
office/collateral management preferably in an investment bank
Strong analytical skills with a good eye for detail, ability to multi-task
Excellent written and verbal communication skills. Should be at ease in
communicating with global business deal teams and senior internal
stakeholders
Ability to perform efficiently and produce high quality reporting, maintain a
robust reporting framework and escalate effectively on time is a must
Good understanding of covenants, credit exposure and legal documentation
is desirable, should have the aptitude to learn about covenants and other
maintenance financial reporting if no knowledge or prior experience
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