Executive Director, Opportunistic Credit

Nomura; New York (NY); Hybrid; USD 250,000 - 315,000; Full time

Benefits offered by this job

Sign-on bonus

Restricted stock units

Discretionary awards

401(k) eligibility and paid time off

Job summary

Nomura Capital Management seeks an Executive Director to lead opportunistic private credit with a real estate focus for NAIFX. You will source, structure, diligence and monitor investments, leveraging an established network of originators and fund managers to generate superior risk-adjusted returns.

Requires 10+ years in private real estate credit, interval fund experience preferred, and a strong track record in alpha generation with fiduciary integrity.

Qualifications

• Ten+ years of credit experience in private asset-based and specialty finance sectors.
• Interval fund experience is preferred.
• Deep knowledge of private credit markets and risk/return dynamics.
• Strong ability to articulate complex details concisely and drive deal flow.

Responsibilities

• Source and originate co-investments with partners and fund managers.
• Structure investments considering objectives, portfolio needs and 40 Act constraints.
• Underwrite using quantitative and fundamental credit analysis.
• Oversee deal structuring, execution and post-closing monitoring.

Skills

Credit analysis

Leadership

Networking

Entrepreneurial mindset

Education

CFA preferred

Job description

Job Title

Executive Director, Opportunistic Credit

Location

New York, New York (hybrid, 3x week)

Department

Nomura Capital Management

The pay range for this position at commencement of employment is expected to be between $250,000 and $315,000/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

Role Description

Nomura Capital Management (NCM) is seeking to recruit an Executive Director to work on the Opportunistic Private Credit Team with an real estate focus for the Nomura Alternative Income Fund (NAIFX). The candidate will lead sourcing, structuring, diligence, execution, and monitoring of private credit co-investments alongside third party originators and fund managers. The Executive Director will have 10+ years of private real estate credit experience with demonstrable subject matter expertise, and have a nuanced understanding of underlying transaction risk profiles. In addition, the ideal candidate will possess extensive knowledge of structuring investments for interval funds, and be intimately familiar the asset-based and specialty finance fund management universe.

The successful candidate will have a demonstrated track record and an established network to source, structure and diligence prospective investment strategies and opportunities within the real estate and specialty finance sectors. The candidate will engage with fund managers, originators and industry participants to source and diligence investments. Investments will take varying forms including allocations and partnerships with fund managers, originators, operating platforms, and co-investments. The candidate should have a keen understanding of relative value across the private credit landscape, and be able to identify and pivot to the most attractive areas as the macro environment changes. This candidate will leverage their prior experience, network and the broader NCM and Nomura organizations to deploy capital in a consistent, methodical way to generate superior risk adjusted returns.

Responsibilities Include But Are Not Limited To

• Maintaining and expanding a network of investment partners to source and originate co-investments from.
• Structure investments considering investment objectives, portfolio construction and legal/regulatory criteria for a ’40 Act registered interval fund.
• Underwrite utilizing both quantitative and fundamental credit analysis.
• Analyze the potential use of leverage in various forms and the impact on risk and return.
• Oversee deal structuring and execution, coordinating with internal and external counterparties.
• Manage multiple investment processes with team members in parallel to drive results.
• Lead, develop, and mentor junior resources.
• Maintain a pipeline of actionable ideas and emerging themes as the opportunity set continuously evolves.
• Prepare investment memoranda and related documentation for Investment Committee and monitoring post execution.
• Continuously evaluate existing portfolio exposures (across SPV and fund investments, co-investments and direct investments) by tracking key exposures, risk factors, and having regular dialogue with fund managers and industry participants.
• Manage investments post-closing and develop roadmap to harvest investments over time.
• Continuously improve and optimize investment diligence, monitoring and reporting.

The candidate will collaborate with teams both internally and externally and across functions - Risk Management, Legal, Compliance, Data providers, Distribution partners, Counterparties, Technology Vendors, Operations, Accounting, etc.

Skills, Experience, Qualifications And Knowledge Required

• 10+ years of relevant credit experience in private asset-based and specialty finance sectors.
• Interval fund experience preferred.
• Deep knowledge of the credit markets (private and securitization), with a passion for investing
• Ability to articulate complex details intelligently and succinctly.
• A network to source and originate co-investments.
• Prior leadership and managerial experience.
• A self-starter that is commercial and results-oriented in structuring investments and partnerships with originators and third party fund managers.
• An individual who thrives in a fast-paced environment and works with a sense of urgency while never compromising on diligence.
• An individual who has a demonstrated track record of alpha generation, and a strong understanding of credit analysis.
• Detail oriented with exceptional quantitative/analytical capabilities and a high degree of investment acumen.
• Uncompromised integrity and honesty.
• Someone who will operate as a true fiduciary on behalf of clients.
• Collaborative with interpersonal skills necessary to interact effectively with cross-functional teams such as legal, operations and tax, and external teams.
• Comfortable and excited to operate in an entrepreneurial culture and contribute to the scaling of a business unit within a broader organization.
• Strong academic credentials; CFA preferred.

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