2027 Quantitative Risk Management Summer Analyst Program

2027 Quantitative 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 and West, Nomura serves 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, visit www.nomura.com.

Risk Management Overview

The Americas Risk Management Division provides independent oversight of the financial and non-financial risks of the firm, including (but not limited to) credit risk, market risk, and operational risk. This function is crucial to the successful performance of the firm and helps Nomura deliver innovative financial solutions that set the firm 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 the Summer Analyst Program

• The Summer Analyst Program runs for 10 weeks.
• Analysts have extensive contact with Nomura professionals at all levels through discussion groups, seminars, and informal social functions.
• The program is an integral component of Nomura’s full-time recruiting.
• This is not a rotational program.
• Summer Analysts are expected to receive exposure comparable to a first-year Analyst and participate as full members of the team.
• Summer Analysts are expected to form effective working relationships and demonstrate commitment to the firm’s goals and values.
• Summer Analysts work closely with a peer and interact regularly with a senior mentor.

What Roles You Might Play

Market Risk

• Broad involvement in risk management of traded positions, with exposure to cash and derivatives products across fixed income and equities.
• Embedding within the Market Risk team and working closely with market risk managers to understand the behavior of financial products and the market risk metrics used to manage trading activity.

Risk Methodology Group (RMG)

• Develop a robust risk modeling framework to quantify potential downside or losses at both the trade and portfolio level.
• Models are used in regulatory or economic capital calculations, limit monitoring, trade approval, and management reporting.
• Opportunity to develop or improve a risk model.

Model Validation Group (MVG)

• Hands-on exposure to the independent validation and governance of quantitative models used across trading and risk functions.
• Working with experienced model validators to review model documentation, evaluate conceptual soundness, analyze assumptions and limitations, and support 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 an 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.

Desired Skillset

• Outstanding academic qualifications
• Strong communication and interpersonal relationship skills
• Strong organizational and time management skills
• Motivated self-starter with a working knowledge of the financial services industry and a desire to develop skills
• Strong Microsoft Office skills

Requirements

• GPA of 3.5+
• Pursuing a post graduate degree in Financial Engineering, Mathematics, Statistics, or a related quantitative field
• Graduating between December 2027 and June 2028 from a college/university in the United States
• For applicants in the Risk Management Division of NHA: currently authorized to work for any employer in the United States

Compensation

• Set base salary of $95,000 per year (annualized rate)
• Non-exempt position eligible for overtime in accordance with applicable state and federal laws

Equal Opportunity

Nomura is an equal opportunity employer.