Credit Risk Exposure Manager (Associate)

Nomura Holdings, Inc.; London; On-site; GBP 60,000 - 85,000; Full time

Job summary

A leading financial services group seeks a Credit Risk Exposure Manager to support its Hedge Funds team. The role emphasizes quantitative analysis and risk management across diverse asset classes. Candidates should possess strong analytical skills, proficiency in Excel, and relevant financial education, preferably with exposure to programming or previous experience in risk management functions.

Benefits

Equal opportunity employer

Diversity commitment

Qualifications

• Broad knowledge of asset classes and derivatives essential.
• Excellent presentation and communication required.
• Experience in Prime Brokerage or Market Risk is desirable.

Responsibilities

• Provide quantitative support for Hedge Funds business.
• Analyze client portfolios and monitor credit exposures.
• Automate risk management processes for efficiency.

Skills

Knowledge of asset classes

Presentation skills

Communication skills

MS Excel proficiency

Understanding of macro-economic trends

Independence and motivation

Education

Financial Education (CFA, MBA preferred)

Tools

VBA

SQL

Python

Job description

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Job Code: 10114

Country: GB

City: London

Skill Category: Risk

Description:

Job title: Credit Risk Exposure Manager

Corporate Title: Associate

Department: Risk – Credit Risk Management

Location: London

Company overview

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment 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 .

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.

Role description:

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 strategiesList Bullet

Skills, experience, qualifications and knowledge required:

Essential

• 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

Desirable

• Previous experience in Prime Brokerage, Market Risk, or a Exposure Management division
• Previous experience in fixed income derivatives & cash products
• Programming Skills e.g. VBA, SQL, Python etc.
• Further Financial Education e.g. CFA, MBA, etc.

Nomura competencies

Trusted Partner

• Understand clients’ needs and issues, and respond with high-quality proposals
• Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner

Entrepreneurial leadership

• Produce new ideas that might challenge the status-quo or oneself

Teamwork Collaboration

• Seek advice from senior colleagues and utilize it for improved results
• Collaborate with members from relevant departments

Influence

• Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
• Serve as role model and provide guidance to junior employees

Integrity

• Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly

Diversity Statement:

Nomura is committed to an employment policy of equal opportunities and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender 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.

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.

Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment. A member of staff will be happy to help.

Nomura is an Equal Opportunity Employer