Credit Risk Business Analyst (7777)

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 www.nomura.com.

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.

As part of the substitutive global Book of Work covering both regulatory and incremental business change there is a requirement for a strong delivery focused business analyst to work across a number of initiatives on a global basis.

Role Description: Business Analyst

Reporting to Credit Risk Change, the role will comprise the following responsibilities:

• Facilitating the gathering of business requirements detailing current and best fit future state requirements for tactical and strategic solutions balancing speed to market, cost and benefit delivered.


• Work with the key stakeholders (business, quants and Risk IT) to ensure all requirements surrounding the end to end process are clearly understood and appropriate, clear solutions are designed, documented and implemented.


• Translating requirements into functional/non-functional requirements and collaborating with development teams for them to produce the technical design.  Validate requirements through interrogating data sources.


• Own body of work, acting as single point of contact with development teams if/should questions arise during the build.  Escalate issues to the Project Manager and follow the appropriate governance structure of the programme.


• Develop “best practice” analysis documentation standards to clearly define and communicate the business requirements and design & implementation of the most appropriate solutions to meet those requirements.


• Support data analysis needed to determine and finalise requirements.


• Understand key regulations (e.g. BCBS 239) to ensure requirements are in line with regulatory guidelines.

Skills, experience, qualifications and knowledge required

Must Have

• Risk Management experience in a trading book environment.


• Experience working on Risk Projects (preferably Credit) as a Business Analyst.


• Knowledge of key risk metrics such as PFE, EPE, EEPE


• Knowledge of sensitivities and risk analytics and how stresses are applied


• Proven experience facilitating the elicitation of requirements from end users and translating them to user, functional and non-functional requirements for Development Teams.  Work with development teams (IT) to clarify that design meets requirements.


• Functional and User Test case preparation and execution to validate requirements delivered.


• Good working knowledge of credit risk PD modelling frameworks and processes


• Some understanding of credit risk limit management processes


• Experience with Python or SQL an advantage.


• Detailed knowledge of all Microsoft Office products, i.e. Word, Excel, Power Point


• Working knowledge of multi-dimensional cubes e.g. SSAS, ActivePivot preferable.


• Experience with Jira and Confluence an advantage

Behavioural Traits

• Attention to detail and high quality standards of documentation, processes and control environment.


• Excellent communication and organisation skills.


• An ability to influence people.


• Strong analytical skills.


• The ability to be a “self-starter”, working without supervision and a proactive approach.  Candidates must be open to challenges from their peers and must be willing to work under the direction of peer team members who may be leading pieces of work.

Diversity Statement:

Nomura is committed to an employment policy of equal opportunities and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation. If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.

Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment.  A member of staff will be happy to help.