Credit Derivatives Analyst / Associate

Nomura Holdings, Inc.; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

Nomura Holdings, Inc. in New York is seeking a Credit Derivative Trade Support Analyst / Associate to join the Operations team. The role supports Flow and Structured Credit, interacts with sales and trading, and ensures accurate trade entry and risk reporting.

You will work with CDS, Index, Options, FX and rate products, handling P&L, settlements and ongoing trade lifecycle tasks in a fast-paced environment.

Qualifications

• 1-3 years of experience in a trade support / middle office role within Credit Derivatives.
• Understanding of Credit Derivatives products.
• Strong communication skills and ability to work with multiple teams.
• Proficiency in Excel and ability to analyze P&L data.
• Series 99 is preferred or willingness to obtain within 6 months.

Responsibilities

• Support Flow and Structured Credit business including CDS, Index, Options, FX and Interest rate products.
• Work with trading and sales to ensure market risk and trade entry accuracy.
• Affirmation of T0 trades and clearing of mandatory trades.
• Process ICE weekly compression clearing cycles and monitor lifecycle of trades.
• Assist in calculating daily P&L and investigate variances with finance.
• Support compliance with regulations and internal processing requirements.
• Contribute to enhancements of trading systems and control framework.

Skills

Credit derivatives

Risk management

Interpersonal skills

Analytical thinking

Excel proficiency

Education

Series 99 preferred

Tools

Excel

Job description

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Job Code: 15280

Country: US

City: New York

Skill Category: Operations

Job Title

Credit Derivative Trade Support Analyst / Associate

Corporate Title: Analyst / Associate

Department: Operations

Location: New York, NY

The pay range for this position at commencement of employment is expected to be between $90K and $120K/year * (see below footnote for additional compensation and benefits information).

Company overview

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

Aon’s Benefit Index®, Nomura’s benefits rank#1 among our competitors

Department Overview

Nomura's Operations department supports the company's business activities through efficient operational processes. The team collaborates with senior leadership, business units, and stakeholders to develop effective operational strategies, providing guidance on process design, implementation, and management to align operations with business objectives. Nomura's Operations team specializes in trade processing, settlement, custody, and asset servicing, known for providing exceptional service to clients. With a strong track record and commitment to innovation and global reach, Nomura's Operations department is well-positioned to continue driving growth and success in the financial industry.

Role Description

Excellent opportunity for an aspiring Credit Derivatives Middle Office professional to join a dedicated and collaborative team. The team interacts with sales and trading to provide trading support for Flow and Structured Credit business, including CDS, Index, Options, structured financing transactions, FX and Interest rate products. This opportunity would suit an individual who has strong interpersonal skills, is responsive and has a commitment to serving their client group.

• Support Flow and Structured Credit business. Products that trading and sales execute include structured financing transactions, CDS, Index, Options, FX and Interest rate products.

Role description

• Work with trading and sales to ensure market risk and trade entry is accurate
• Affirmation of T0 trades and ensuring mandatory clearing trades are cleared at IceLink
• Process ICE weekly compression clearing cycles
• Support life-cycle management of trades including expiries and final settlement
• Assist in calculating and distributing daily P&L to the Trading Desk, Product Control and Senior Management
• Monitor reconciliation breaks and investigate resolution
• Support trading desks with application of regulations and internal processing requirements
• Aid in nightly P&L flash and liaise with the finance team to resolve any T+1 variances
• Contribute to continuous enhancements to trading systems and related control framework

Skills, experience, qualifications and knowledge required

• 1-3 years of experience in a trade support / middle office role within Credit Derivatives
• Understanding of Credit Derivatives products
• Familiarity in dealing with risk and explain P&L
• Strong risk management focus with appreciation of the risk impact of actions undertaken
• Strong interpersonal skills with ability to communicate at all levels
• Ability to prioritize workload and work efficiently under pressure
• Strong problem solving, analytical, and a sense of urgency
• Motivated, diligent learner able to work in a fast-paced environment
• Ability to work effectively in a team environment and adapt to a continuously changing environment
• High level of proficiency with Excel
• Series 99 is preferred or willingness to obtain within 6 months or joining

Nomura Leadership Behaviors

• 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: Foster a culture of inclusion and psychological safety in the workplace and cultivate a \"Risk Culture\" (Challenge, Escalate and Respect).

* base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired in the U.S., employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.

Nomura is an Equal Opportunity Employer