Credit Risk Exposure Manager (Analyst / Associate)

Nomura; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Nomura Holdings, Inc. in London is seeking a senior credit risk professional to provide quantitative support to risk management with a primary focus on hedge funds. You will analyze pre-trade risk for financing and OTC trades, monitor exposures, and contribute to margin model development.

You will work with Front Office and Market Risk to ensure exposures stay within risk appetite, and you will drive process automation to improve efficiency and risk mitigation.

Qualifications

• Broad knowledge of a range of asset classes and their derivatives.
• Excellent Presentation and communication skills
• Appreciation of client business and motivations
• MS Excel to expert level
• Good general knowledge & understanding of current macro-economic trends
• Ability to work independently, motivated to learn, and drive for success
• Previous experience in Prime Brokerage, Market Risk, or a Exposure Management division
• Previous experience in fixed income derivatives & cash products
• Further Financial Education e.g. CFA, MBA, etc.
• Explore Insights & Vision: Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
• Making Strategic Decisions: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
• Inspire Entrepreneurship in People: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
• Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.
• Inclusion: Respect DEI, foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

Responsibilities

• Pre-trade risk analysis of financing and OTC trades to support approval decisions; provide IA amounts for OTC transactions, haircuts for SFT transactions and stress loss impact for Hedge Funds.
• Monitor & analyse client portfolios for credit exposures and risk drivers; provide commentary on risk exposure and daily moves
• Participate in margin methodology development and documentation of margin models
• Manage risks for collateralized transactions with VaR, stress testing and reports
• Understand regulatory rules (e.g., JFSA, PRA, BaFin & SEC) for Credit Risk Exposure and Capital calculations
• Collaborate with risk managers and stakeholders for additional analyses as needed
• Automate/Simplify/Standardize risk management processes to improve efficiency

Skills

Asset classes knowledge

Presentation skills

Client insight

Independent worker

Prime Brokerage

Market risk

Fixed income derivatives

Regulatory knowledge

Education

CFA / MBA planned

Tools

MS Excel

Job description

Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.

Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com

Department overview:

Nomura's Credit Risk Exposure Management team is responsible for the quantification, risk management and mitigation of contingent counterparty risks arising from the bank's financing and derivative portfolios. The team manages collateral and contingent risk across all businesses and asset classes. The team provides IA requirements and quantifies exposure under the bottom up stress loss metric for OTC derivatives and SFT trading with Hedge Funds and other counterparties. The function sits within the Credit Risk department, however, the team works very closely with Front Office and Market risk to ensure that the bank's exposures to its counterparties are within firm risk appetite.

In addition, the team is the responsible owner for the 'Potential Exposure' model and advises Credit Risk Management on all metric related matters including the Bottom-up Stress metric.

The primary focus will be providing quantitative support to Credit Risk management Team with a primary focus on the Hedge Funds business. Specifically, the responsibilities include:

• Client pre-trade risk analysis of financing and OTC trades to support approval decisions; this includes providing IA amounts for OTC transactions, haircuts for SFT transactions and calculating impact of new trades on Stress Loss limit utilization for Hedge Funds.
• Monitor & analyse client portfolios in terms of credit exposures (CE, PE, EE, etc.), risk profiles and margin levels and provide commentary on the drivers for the risk exposure and daily moves
• Participate in margin methodology development, enhancement of existing margin models and their documentation
• Manage risks for the firm's portfolio of collateralized transactions through relevant portfolio analysis using different parameters such as credit risk metrics, VaR, stress & liquidation scenarios, etc. and its reporting.
• Understand the rules & regulations of various regulatory bodies (such as JFSA, PRA, BaFin & SEC) applicable for Regulatory Credit Risk Exposure & Capital calculations and ensure its correct implementation for the trade portfolios.
• Work with various risk managers and other stakeholders to address their requests for additional analysis based on specific needs as they arise.
• Automate/Simplify/Standardize risk management processes wherever possible to create efficiency and focus on risk analysis & mitigation strategies

Skills, experience, qualifications and knowledge required:

• Broad knowledge of a range of asset classes and their derivatives
• Excellent Presentation and communication skills
• Appreciation of client business and motivations
• MS Excel to expert level
• Good general knowledge & understanding of current macro-economic trends
• Ability to work independently, motivated to learn, and drive for success
• Previous experience in Prime Brokerage, Market Risk, or a Exposure Management division
• Previous experience in fixed income derivatives & cash products
• Further Financial Education e.g. CFA, MBA, etc.
• Explore Insights & Vision: Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
• Making Strategic Decisions: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
• Inspire Entrepreneurship in People: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
• Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.
• Inclusion: Respect DEI, foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex 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.