Risk Management Summer Analyst Program

Title: 2027 Risk Management Summer Analyst Program

Job Description: 2027 Risk Management Summer Analyst Program Company Overview Nomura is a global financial services group with an integrated 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, Wholesale (Global Markets and Investment Banking), and Investment Management. 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 Risk Management OverviewThe Americas Risk Management Division provides independent oversight of the financial and non-financial risks of the firm, inclusive of but not limited to credit risk, market risk and operational risk. This function is crucial to the successful performance of the firm, helping us deliver innovative financial solutions that set Nomura apart in the global marketplace. Risk Management works closely with all areas of the firm including Global Markets, Investment Banking, Finance, Legal, Compliance and Operations. About Our Summer Analyst Program:The Summer Analyst Program runs for 10 weeks, during which Analysts will enjoy extensive contact with Nomura professionals at all levels through discussion groups, seminars and informal social functions. This program is an integral component of our full time recruiting. Please note this not a rotational program. We aim to provide Summer Analysts with the same level of exposure as a first-year Analyst, with a hands-on opportunity to participate as full members of the team. They are expected to form effective working relationships and to demonstrate a commitment to the firm’s goals and values. During the course of the internship, Summer Analysts benefit from working closely with a peer and interacting regularly with a senior mentor. What Roles You Might Play:Credit Risk: assist Credit Officers in analyzing credit quality of various counterparty types including funds (hedge funds, private equity and mutual funds), financial institutions (banks, broker dealers, mortgage originators, insurance companies and REITs) and / or corporations. Evaluate proposed transactions for suitable credit quality. Conduct industry research to identify trends. Help develop ad-hoc reports based on business needs. Market Risk: broad involvement in risk management of traded positions, with exposure to cash and derivatives products across fixed income and equities. You will be embedded within the Market Risk team and will work closely amongst market risk managers to understand the behavior of financial products and the market risk metrics used to manage trading activity.Operational Risk Management: help protect the firm from non-financial risks such as process failures, technology and cyber risk, fraud, conduct issues, and third-party risk. As an intern, you'll sit in ORM's independent 2nd Line of Defense role, providing effective challenge to business units throughout the entire firm on identification, assessment, and management of their risks. You'll support deep-dive reviews that test whether the right processes and controls are in place, and pinpoint where there are material risks / control gaps.Risk Methodology Group (RMG): This team develops a robust risk modelling framework to quantify the potential downside or losses that the firm can incur both at the trade and portfolio level. These models are used in regulatory or economic capital calculations, limit monitoring, trade approval or management reporting. The Market Risk Analytics (MRA) is part of the Global Risk Methodologies Group (RMG), and is responsible to lead research, review, development, testing and enhancement of all components of the VaR model consistent with internal requests and regulatory requirements. The team works extensively on the development of the new regulatory capital model required for future regulation (FRTB).Model Validation Group (MVG): you will gain hands-on exposure to the independent validation and governance of quantitative models used across trading and risk functions. Working alongside experienced model validators, you will assist in reviewing model documentation, evaluating model conceptual soundness, analyzing model assumptions and limitations, and supporting the preparation of validation reports. Responsibilities may include processing data, performing statistical analyses, benchmarking model outputs against alternative approaches, and documenting findings for review by senior team members and stakeholders such as Front Office Quants and model users. This internship offers a valuable opportunity to understand the economic rationale and quantitative methods of complex financial models and develop practical skills in model validation and regulatory compliance while contributing to the firm's model risk governance framework.New Business: work with a team that provides the governance and administration over all business that is new to Nomura. Exposure to Nomura’s extensive list of products traded on a flow basis including cash and derivatives. Work with the deal teams and corporate functions to coordinate the approval process for transactions that are reviewed by equity, debt and other committees.Risk Reporting: responsible for the overall governance, support and management of risk reporting process and platform. This includes the activities like designing risk reports and dashboards, implementation of the reporting related controls and governance and ensuring the smooth functioning of the reporting tools. Additionally, team also extensively participates in and drives the projects related to enhancement of the reporting and data infrastructure.Risk Infrastructure: responsible for the overall governance and support of the firm’s Market Risk platform. This includes activities like Data Integrity & consistency, Exposure Metric Validation, Risk Limit Management and Risk Reporting. Additionally, they assist Risk Managers (RM) in resolving data quality issues where necessary and take corrective actions. RI also drives data management strategy for Risk and helps develop data architectures that are flexible and scalable to meet new regulatory requirements. The team ensures relationships between a range of reference data, Trade attributes, instrument and transaction data are not broken. Whilst input data is validated; reported data is reconciled. The team also provides ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management and the Firm. Desired Skillset Outstanding academic qualificationsStrong communication and interpersonal relationship skillsStrong organizational and time management skillsMotivated self-starter with a working knowledge of the financial services industry and a desire to develop their skillsStrong Microsoft Office skills Requirements GPA: 3.5+Pursuing a Bachelor’s Degree (preferably Business, Economics, Accounting or Finance)Graduating between December 2027 and June 2028Applicants for this position in the Risk Management Division of NHA must be currently authorized to work for any employer in the United States. The Risk Management Division is not currently sponsoring or taking over sponsorship of employment visas for this position now or in the future, including for Curricular Practical Training (CPT), Optional Practical Training (OPT), etc. SalaryThe intern position has a set base salary at an annualized rate of $95,000 per year. This is a non-exempt position eligible for overtime in accordance with applicable state and federal laws. Nomura is an equal opportunity employer.