Job Location: Mumbai, Maharashtra, India
Nomura Overview:
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:
Global Markets Powai team is an extension of regional Global Markets teams supporting Securitized Products, Rates, FX, Credit and Equities. The division in Powai provides support for a range of activities like research, quantitative modelling, sales and trading support, pricing and balancing, product development and strategy. Powai operation is a critical part of the platform to support the growth of Nomura’s global business.
Business Unit Overview:
Algo Strategies team (Mumbai) is a part of the Global Quants team which is spread across London, New York, Singapore and Mumbai. The Mumbai team consists of people with highly numerate backgrounds such as B.Techs, M.Techs in electrical engineering, computer science engineering, Masters or PhDs in Statistics, Maths, Quantitative Finance and Physics. All members of the team are proficient in some programming language.
Algo team is involved in developing systematic trading strategies and execution algorithms by applying mathematical and statistical methods to predict the likely future outcomes of financial markets. One of the aims of the team is to develop market making, auto hedging and alpha generating strategies across asset classes.
Also, the team supports various index structuring business verticals and directly works with traders and structurers on developing index calculators and scripting new indexes for various asset classes (Rates, FX, commodities, Credit) in the proprietary Reflex platform
In addition, the team is involved in derivative pricing and modelling of bond/bond derivatives.
Role & Responsibilities:
We are looking to hire quants to work on our algorithmic trading platform for Equities. This position is for talented programmers with experience in e-trading business and related fields with an inquisitive spirit and extensively contribute to digital transformation of the businesses of the investment bank.
The role involves –
- Guiding models through the entire development lifecycle including back testing, preparing high quality documentation, and driving the models through the internal model review and approval process
- Overseeing the ongoing performance of deployed models through reactive and proactive support, monitoring and reporting
- Develop analytics to assist in smarter risk management of the trading books
- Lay out a formal architecture around which a lot of the tools can be built
- The individual will work very closely with traders across various markets to build a wide spectrum of tools.
- Engineering innovation solutions using a variety of approaches such as time-series forecasting predictive modelling, cluster analysis, dimensionality reduction etc.
- Develop and manage quantitative analytics to identify the market dislocations and trading opportunities in equities markets.
Qualifying Criteria:
- Master’s, Phd, or equivalent degree program in mathematics, sciences, statistics, engineering, financial engineering, computer science or other quantitative fields (CSE / Electrical / Statistics / Quantitative Finance / Maths / Physics)
- Mastered advances mathematics and statistics (i.e. probability theory, time series, econometrics, optimization), with core expertise in machine learning theory, techniques and tools
- Exceptional analytical, quantitative and problem-solving skills
- Strong communication and interpersonal Skills
- Programming experience with one or more of C, C++, Python, Tensorflow
Preferred Criteria:
· Programmers who specialize in international equity markets
· Prior experience in microstructure research or developing execution strategies or short term price prediction models
· Proficiency in programming, mathematics and statistics
· Ability to work effectively as part of the team
· Ability to multitask and thrive in a fast-paced environment.
· Strong knowledge of Fixed Income products
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