Stress Testing Associate

Nomura

Stress Testing Associate at Nomura, a global financial services group connecting East and West markets. Developing and governing credit, counterparty, and market risk stress-testing models.

Posted 8/12/2026full-timeLondon • 🇬🇧 United KingdomJuniorMid-LevelWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in developing and validating stress testing models for Market Risk and Counterparty Credit Risk, utilizing strong mathematical and statistical skills. Proficient in Python, SQL, and financial product knowledge to ensure regulatory compliance and effective model implementation.

Highest-signal resume keywords

Market Risk ExperienceCredit Risk ExperienceModel Validation ExpertisePython ProgrammingStatistical Analysis

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Risk ModellingProbabilityStatisticsStochastic CalculusLinear AlgebraMonte Carlo TechniquesModel TestingTechnical Business Requirement DocumentationFinancial Products KnowledgeModel Calibration

Tools & Technologies

PythonSQLMatlabVBAGitLab

Certifications & Qualifications

FRMPRMCFAActuarial CT Papers

Industry Keywords

Stress Testing FrameworkRegulatory ComplianceModel Validation GroupTreasuryFinancial ProductsBondsDerivativesGovernance PoliciesAI ApplicationsTier 2 Skilled Worker Visa

Tech Stack

Tools & technologies

PythonSQLVBA

About the role

Key responsibilities & impact

Work closely with the Stress Testing Group, Model Validation Group, Treasury, and other groups on Stress Testing Framework projects
Develop and periodically update prototype models, especially for Market Risk and Counterparty Credit Risk
Implement stress testing models into the strategic risk system
Develop methodology, build prototypes, write technical business requirement documents, perform model testing, ensure regulatory compliance, and liaise with the Model Validation Group
Act as a subject matter expert and support model users in the Stress Testing Group and Finance
Serve as a key point of contact for stress testing models
Work on stress testing guidelines and perform firm-wide analysis to assess model impacts
Create strategic tools using Python and migrate them to GitLab
Participate in periodic model reviews and calibration of model parameters
Support the Model Validation Group and Audit team during ongoing model validation and model changes
Adhere to governance in related policies and procedures

Requirements

What you’ll need

Experience in Market Risk or Credit Risk with a good understanding of risk modelling
Credit experience preferred
Very good understanding of probability, statistics, stochastic calculus, linear algebra, and Monte Carlo techniques
MSc in a related discipline
Good knowledge of Python, SQL, Matlab, and VBA
Good understanding of financial products, including bonds and derivatives
Strong mathematical/statistical background
Actuaries who have cleared at least 3 CT papers would be an advantage
FRM, PRM, or CFA certification would be an advantage
Familiarity with AI and related applications
Ability to comply with UK right-to-work requirements; overseas workers may require a Tier 2 Skilled Worker visa

Benefits

Comp & perks

Equal opportunity employer
Inclusive environment and commitment to diversity and inclusion
Assistance or reasonable adjustments for disabilities or long-term health conditions