Lead CMBS Trader, Primary Markets (NYC)

Nomura Holdings, Inc.; New York (NY); On-site; USD 175,000 - 210,000; Full time

Benefits offered by this job

Sign-on bonus

Medical benefits

Job summary

Nomura Holdings, Inc. in New York is seeking a Primary CMBS Trader to structure, price, and distribute new-issue CMBS across conduit platforms. The role requires advanced quantitative modeling and a deep understanding of deal mechanics to bridge analytics with investor execution.

The ideal candidate will combine CMBS cash flow modeling expertise with strong organizational and communication skills, supporting a fast-paced trading desk in Global Markets.

Qualifications

• Bachelor’s degree in Finance, Economics, Engineering, Mathematics, or a quantitative discipline.
• 2+ years of CMBS Conduit structuring experience.
• Strong modeling with Intex, Trepp, and Bloomberg.
• Proficiency in Excel (macros) and data analysis.

Responsibilities

• Lead structuring and pricing analysis for primary CMBS conduit transactions, optimizing tranche sizing, credit enhancement, and spread targets.
• Collaborate with Banking, Underwriting and Securitization teams to design efficient structures balancing investor demand and regulatory requirements.
• Build and maintain detailed bond-level cash flow models using Intex, Bloomberg, Excel, and proprietary tools.
• Develop and refine deal comparables and relative value frameworks across vintages, shelves and product types (Conduit, SASB, CRE CLO).
• Partner with Sales and Syndicate to provide investors with detailed structural analysis and pricing rationale.
• Manage pipeline risk with Risk teams, including pre-pricing and hedging strategies.

Skills

CMBS Conduit structuring

Intex

Trepp

Bloomberg

Excel

Python

SQL

LTV analysis

Education

Bachelor's degree in Finance/Economics/Engineering/Mathematics

Tools

VBA

Python

SQL

Job description

Nomura Holdings, Inc. in New York is seeking a Primary CMBS Trader to structure, price, and distribute new-issue CMBS across conduit platforms. The role requires advanced quantitative modeling and a deep understanding of deal mechanics to bridge analytics with investor execution.

The ideal candidate will combine CMBS cash flow modeling expertise with strong organizational and communication skills, supporting a fast-paced trading desk in Global Markets.