2026 Risk Management Summer Analyst Program

2026 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 www.nomura.com.

Risk Management Overview

The 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: support all business areas in the identification of non-financial risks and the facilitation of processes and / or control improvements to aid in non-financial risk mitigation. You will help the team with deep dive analysis and data analytics to potentially identified processes or controls that require targeted risk assessments.
• 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): provides independent review of the firm’s models. This team ensures compliance with various policies and regulations, evaluate conceptual soundness, challenge model parameters and assumptions as well as develop benchmark models. You will be working on the validation of Risk Models which are used to calculate regulatory capital requirements and for internal risk management.  As part of the review process an intern would be expected to understand the economic rationale and quantitative methods of the model.
• 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 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 their skills
• Strong Microsoft Office skills
  
  

Requirements

• GPA: 3.5+
• Pursuing a Bachelor’s Degree (preferably Business, Economics, Accounting or Finance)
• Graduating between December 2026 and June 2027
• Applicants 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.
  
  

Salary

The intern position has a set base salary at an annualized rate of $90,000 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.

www.nomura.com