Front Office Risk Manager - VP/ED

Nomura Holdings, Inc.; New York (NY); On-site; USD 225,000 - 260,000; Full time

Job summary

Nomura Holdings, Inc. is seeking a senior-level Risk Manager to join the US Global Markets team in New York. The role focuses on overseeing Market and Counterparty risk across all products and leading enhancements to the risk platform.

Ideal candidates will have 5-7 years in Financial Markets with a quantitative background and strong leadership and communication abilities to interact with traders and senior management. Base pay reflects a competitive compensation package for this senior role.

Qualifications

• 5-7 years of Financial Markets experience in Trading, Risk Management or related quantitative areas.
• Strong analytical and quantitative modeling abilities.
• Proven leadership and communication skills with senior stakeholders.

Responsibilities

• Oversee significant financial risks (Market and Counterparty) across Global Markets products.
• Lead enhancements to risk platform with quantitative and qualitative analysis.
• Challenge Traders and Risk-takers around risk profiles and positions.
• Develop risk tools, stress testing and scenario analysis approaches.
• Collaborate with Trading Desks, Corporate Risk and management to drive risk decisions.

Skills

Quantitative skills

Leadership

Communication skills

Problem-solving

Execution oriented

Education

Graduate degree in quantitative field

Tools

VBA

Python

MatLab

Job description

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Job Code: 14687

Country: US

City: New York

Skill Category: Global Markets

Description: The pay range for this position at commencement of employment is expected to be between $225,000 and $260,000 per annum* (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

Front Office Risk is responsible for implementation of effective First Line of Defense Economic Risk Management within Wholesale. The team covers economic risk of all Global Markets business in the region; Flow and Structured Rates (including Agency Mortgages), Equity Products, and Securitized Product.

Role Description

Front Office Risk Management is looking to hire a senior level professional to join the team covering the US business.

The Risk Manager will need to oversee all significant financials risks (notably Market and Counterparty) across all products as well as leading and executing on key enhancements to our risk platform. In particular, the role will require quantitative and qualitative analysis on material positions and risk; working closely with Trading Desks and other stakeholders in evaluating and making decisions on these risks.

Key responsibilities include:

• Play a leading role in ensuring all key risks in US Global Markets business lines are identified, assessed, quantified where possible, monitored, and escalated where needed for senior decisions
• Monitor and review risk profiles, market activity and key flashpoints in Trading Desk and Counterparty portfolios. Understand and articulate the most significant risks and the factors driving performance.
• Conduct regular analysis using techniques like Stress testing, Concentration/ Liquidity assessment, P&L Attribution, VaR, etc and produce appropriate assessments and recommendations
• Where necessary, challenge Traders and Risk-takers around the risk profile and positions
• Play a leading role in driving the development of our risk platform including stress/scenario analysis, risk tools and new approaches to analyzing risk
• Work closely and communicate effectively with the team, Corporate Risk, Traders, Global Markets management and Corporate control functions

Skills, experience, qualifications and knowledge required:

• Strong problem-solving and quantitative skills + good knowledge of statistics and financial models
• Self-starter, extremely proactive, very detailed, can-do approach, intellectually inquisitive
• At ED level, Leadership skills able to create and work to a clear plan/target state and manage/direct others
• Strong team player with a very positive attitude and exemplary work ethic
• Excellent verbal and written communication skills.
• Detail-oriented problem-solving approach with strong desire to get things done
• Very execution oriented

Vice President

• 5-7 years of Financial Markets experience in Trading, Risk Management or related quantitative areas
• Preferably Graduate degree in quantitative field

Executive Director

• 10+ years of Financial Markets experience in Trading, Risk Management or related quantitative areas
• Preferably Graduate degree in quantitative field
• Programming skills desirable such as VBA, Python, MatLab, encouraged.
• Ability to dissect complex risks into easily addressable frameworks and communicate with senior management
• Equity Derivatives risk or trading experience desirable

*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.

Nomura is an Equal Opportunity Employer