Credit Exposure Management

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

Job summary

Nomura in New York is seeking a Vice President for Credit Exposure Management to identify, assess, and mitigate contingent counterparty risk across Prime Brokerage and financing portfolios. The role collaborates with Front Office and risk teams to ensure exposures align with firm risk appetite and to collateralize risks as needed.

The position emphasizes risk analytics, margin rules, and portfolio monitoring, with a strong focus on equities and derivatives.

Qualifications

• At least five years of experience in Prime Brokerage and/or Equities coverage in a Market Risk role.
• Broad knowledge of a range of asset classes and their derivatives with in-depth knowledge of equities.
• Excellent presentation and communication skills.
• MS Excel to expert level.
• Ability to work independently, motivated to learn, and drive for success.
• Previous experience in fixed income derivatives & cash products.
• Further financial education e.g. CFA, MBA, etc.

Responsibilities

• Analyze and approve client margin rules with Prime Brokerage and Credit Risk, and set risk limits.
• Monitor Prime Brokerage client portfolios vs. key metrics and take action when risk exceeds firm appetite.
• Conduct pre-trade risk analysis of financing and OTC trades to support approval decisions.
• Provide quantitative counterparty risk analysis for Financing & derivatives trading, including VaR and margin rules.
• Present views of contingent risk to Credit Risk, Front Office and management forums.
• Aid development of globally consistent analytics & reporting standards.

Skills

Market Risk

Communication skills

Independent work

Problem solving

Education

CFA

MBA

Tools

MS Excel

Job description

Job Title: VP, Credit Exposure 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*

Department Overview:

Nomura's Risk departmentplays 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 contingentcounterparty 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 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.

The primary focus will be the Prime Brokerage and Financing Businesses, with extended responsibilitiessupporting risk and margin analysis for fixed income derivatives trading.

• Working with Prime Brokerage business & Credit Risk to analyze & approve client margin rulesand setting risk limits;
• Monitoring Prime Brokerage client portfolios vs. key metrics and taking resolution action whenrisk is outside firm appetite;
• Client pre-trade risk analysis of financing and OTC trades to support approval decisions;
• Quantitative counterparty risk exposure analysis for Financing & derivatives trading, includingVaR Margin and regulatory bilateral margin rules;
• Present views of contingent risk to Credit Risk, Front Office and in various management forums
• Aid development of globally consistent analytics & reporting standards;

Key Objectives Critical to Success

• Form an understanding of existing Nomura risk policies, methodologies and systems; give inputon potential improvements and business development;
• Build a network of contacts across risk management, Global Markets and support functions;
• Demonstrate flexibility to operate across separate business lines within the Financing Risk space
• Proactive, problem solving

Required Qualifications

• At least five years of experience in Prime Brokerage and/or Equities coverage in a Market Risk role
• Broad knowledge of a range of asset classes and their derivatives and in depth knowledge ofequities
• Excellent Presentation and communication skills Appreciation of client business and motivations
• MS Excel to expert level Good general knowledge & understanding of current macro-economictrends
• Ability to work independently, motivated to learn, and drive for success
• Previous experience in fixed income derivatives & cash products
• Further Financial Education e.g. CFA, MBA, etc.