Credit Risk - Financial Institutions

Nomura; New York (NY); On-site; USD 160,000 - 185,000; Full time

Benefits offered by this job

Full range of medical benefits

401(k) eligibility

Various paid time off benefits

Job summary

Nomura is seeking a Vice President for Credit Risk focusing on Financial Institutions in New York. The role demands a professional with over 7 years of experience, conducting credit risk analysis and managing portfolios across North America and Latam.

The ideal candidate will have expertise in understanding financial statements, traded products, and insurance underwriting. A competitive compensation package inclusive of health benefits and potential bonuses is offered.

Qualifications

• 7+ years of Credit Risk experience covering Financial Institutions.
• Strong familiarity with financial statement analysis and credit risk metrics.
• Strong understanding of traded products, including prior experience in Securitized Products.

Responsibilities

• Conduct Credit Risk Analysis across Commercial Banks, Broker-Dealers, and more.
• Monitor exposure usage for limits and recommend corrective actions.
• Approval of trade requests for products including Derivatives and Repo.

Skills

Credit Risk experience covering Financial Institutions

Financial statement analysis

Understanding of traded products in Fixed Income and Equities

Experience in covering Insurance Companies

Negotiating credit terms for legal documentation

Job description

Title: Credit Risk - Financial Institutions

Corporate Title: Vice President

Department: Risk

Location: New York

The pay range for this position at commencement of employment is expected to be between $160,000 and $185,000/year * (see below footnote for additional compensation and benefits information).

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.

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.

Role Description

Credit Officer will cover a portfolio in the Financial Institutions sector across North America and Latam, main responsibilities include:

• Credit Risk Analysis, both quantitative and qualitative, across Commercial Banks, Broker-Dealers, Insurance Companies, CCP’s, Mortgage Originators and Mortgage REITS
• Assigning internal credit ratings and limits, monitoring exposure usage for any limit breaches and recommending corrective actions
• Approval of daily trade requests for products including Derivatives (FX, Rates, Equities, Credit), Repo, Stock Lending, MBS etc.
• Analysis of complex/structured transactions. Presenting Credit Risk recommendation to senior Risk Management and to Transaction Committees
• Structuring trading terms in conjunction with other areas including Global Markets, Legal, Finance and Middle Office
• Tracking developments related to regulatory, Industry, Counterparty, external ratings and taking appropriate actions
• Leading Counterparty due diligence via calls as well as in-person visits
• Conduct periodic portfolio reviews for sectors within the Financial Institutions space

Other Responsibilities

• Leading and contributing to global risk change initiatives which includes global coordination across Risk and Business colleagues geared toward internal or external / regulatory driven enhancements
• Mentoring the junior members of the team and implementing team level initiatives

Skills, Experience, Qualifications And Knowledge Required

• 7+ years of Credit Risk experience covering Financial Institutions
• Strong familiarity with financial statement analysis and credit risk metrics
• Strong understanding of traded products in the Fixed Income and Equities spaces, including prior experience in covering Securitized Products (RMBS/CMBS)
• Experience in covering Insurance Companies, including strong understanding of insurance underwriting guidelines and industry regulations
• Experience in negotiating credit terms for legal documentation (ISDA/CSA, MRA, MSLA, MSFTA)

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