Credit Exposure Management

Nomura Holdings, Inc.; New York (NY); On-site; USD 150,000 - 185,000; Full time

Job summary

Nomura in New York is seeking a VP, Credit Exposure Management to lead risk assessment across Prime Brokerage, Delta 1 and Structured Equity Derivatives portfolios. The role requires deep quantitative expertise and collaboration with Front Office to maintain risk within firm appetite.

The successful candidate will perform pre- and post-trade risk analytics, develop consistent risk reporting, and influence risk policies across Global Markets and support functions.

Qualifications

• 5+ years Prime Brokerage Risk and/or Equities coverage in a Market Risk role

Responsibilities

• Analyze and approve client margin rules and risk limits for Prime Brokerage.
• Monitor client portfolios vs. key risk metrics and trigger actions when risk exceeds limits.
• Present portfolio risk views to Credit Risk, Front Office and senior management.
• Help develop globally consistent risk analytics and reporting standards.

Skills

VBA

SQL

Python

Job description

• Programming Skills e.g. VBA, SQL, Python etc.

Job Title: VP, Credit Exposure Management

Department: Risk Management

Location: NY

Corporate Title: Vice President

The pay range for this position at commencement of employment is expected to be between $150,000-$185,000 per 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 amongst our competitors

Department Overview

Nomura's Risk department plays a crucial role in identifying, assessing, and mitigating risks across our business. We strive to protect the firm's assets, reputation, and financial stability by implementing robust risk management practices. Join our team and contribute to our proactive approach in managing risks, allowing us to make informed decisions and thrive in an ever-changing market environment.

Key Responsibilities

Nomura's Credit Exposure Management Risk team is responsible for the risk management and mitigation of collateral risks arising from the bank's financing and derivative portfolios. The team manages collateral and contingent risk for several businesses, including Prime Services and Repo Financing. The team also provides risk and margin analysis for OTC derivatives trading with Hedge Funds and other counterparties. While the function sits within the Credit Risk department, the role comprises analysis of the market risk of financing portfolios post counterparty default. The CEM team works very closely with Front Office and other Risk teams to ensure that the bank's exposures to its counterparties are within firm risk appetite, and takes action to collateralize these exposures where they are not.

Responsibilities

The focus of this role is risk coverage of Nomura’s Prime Brokerage, Delta 1 and Structured Equity Derivatives businesses. It involves pre and post trade analysis of portfolios of equities/converts/corps, including deep dives into risk metrics. Constant communication with the front office is a key part of the role as is presentation to risk seniors. Key responsibilities include:

• Working with Prime Brokerage business & Credit Risk to analyze & approve client margin rules and setting risk limits;
• Monitoring Prime Brokerage client equity portfolios vs. key risk metrics and taking resolution action when risk is outside firm appetite
• Present views of portfolio risk to Credit Risk, Front Office and in various senior management forums
• Aid development of globally consistent analytics & reporting standards

Key Objectives Critical to Success

• Ability to independently risk manage Nomura’s Prime Brokerage financing portfolio front to back
• Form an understanding of existing Nomura risk policies, methodologies and systems; give input on potential improvements and business development
• Proactive, rapid and independent problem solving
• Networking across risk management, Global Markets and support functions

Required Qualifications

Essential

• Strong quantitative background with at least five years of experience in Prime Brokerage Risk and/or Equities coverage in a Market Risk role
• Broad and in depth knowledge in equities risk space
• Must have strong communication skills and be an independent thinker, quick learner and highly self-motivated
• MS Excel to expert level
• Good general knowledge & understanding of current macro-economic trends

Desirable

• 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 Leadership Behaviours

• 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