Market Risk Manager - Securitized Products

Nomura Holdings, Inc.; New York (NY); On-site; USD 160,000 - 190,000; Full time

Job summary

Nomura Holdings, Inc. in New York is seeking a Market Risk Manager for Securitized Products to lead front-office risk assessment across RMBS, ABS, CMBS, CLO and related mortgage activities. You will collaborate with traders, risk and control functions to identify, monitor and manage risk exposures.

The role requires strong quantitative skills, stakeholder management and the ability to communicate risk insights to senior management, while adhering to regulatory expectations and market standards.

Qualifications

• 4–8 years of market risk experience.
• Strong understanding of Non-Agency Mortgages and Securitized Products.
• Proven experience managing stakeholder relationships.
• Proficiency with risk systems and market data platforms.

Responsibilities

• Cover Market Risk across US Securitized Products & Private Credit activities.
• Drive enhancement of risk methodologies and models for complex structured products.
• Review and challenge trading strategies and risk positions.
• Oversee limit framework design and implementation.
• Guide development of risk analytics and reporting frameworks.
• Participate in new product approval processes.

Skills

Market risk

Stakeholder management

Quantitative skills

Communication

Job description

Description:

Job Title: Market Risk Manager - Securitized Products

Department: Risk Management

Location: New York

Corporate Title: Vice President

The pay range for this position at commencement of employment is expected to be between $160,000 and $190,000/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 benefitsrank#1amongst our competitors

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:

The firm is seeking an experienced Front Office-facing risk professional for our Securitized Products Market Risk team with a focus on identifying, monitoring, and managing market risk exposures across our RMBS, ABS, CMBS, CLO, Mortgage Whole Loan trading and financing desks. In addition to product expertise, the candidate must exhibit strong quantitative skills, effective management ability and excellent communication as the role requires extensive collaboration across various functions and regions.

Key Stakeholder Management

• Build and maintain strategic relationships with trading desk heads and senior business stakeholders
• Present risk assessments and strategic recommendations to senior management & executive committees
• Navigate complex stakeholder dynamics between front office, control functions, and regulators
• Provide clear, impactful communication of risk issues to senior management
• Partner with global teams across different jurisdictions and time zones
• Influence key decision makers on risk appetite and portfolio strategy

Risk Management Responsibilities

• Cover Market Risk across US Securitized Products & Private Credit business including Non-Agency RMBS, CMBS, ABS, CLO, Mortgage Whole Loans, Mortgage Financing and Trading activities.
• Drive enhancement of risk methodologies and models for complex structured products
• Review and challenge trading strategies and risk positions
• Oversee limit framework design and implementation
• Guide development of risk analytics and reporting frameworks
• Contribute to regulatory capital optimization initiatives
• Participate in new product approval processes

Required Qualifications:

• 4 - 8 years of relevant market risk experience
• Strong understanding of Non-Agency Mortgages and Securitized Products
• Proven experience managing stakeholder relationships

Technical Knowledge

• Comprehensive understanding of market risk methodologies
• Expert knowledge of risk metrics and limit frameworks
• Strong grasp of regulatory requirements and capital rules
• Proficiency with risk systems and market data platforms
• Understanding of trading strategies and portfolio management

Communication & Influence Skills

• Exceptional ability to communicate complex risk concepts clearly
• Experience presenting to executive committees
• Strong negotiation and conflict resolution capabilities
• Ability to build consensus across diverse stakeholder groups
• Confidence in challenging senior stakeholders constructively
• Clear written & verbal communication for regulatory correspondence

Additional Requirements

• Experience managing through market stress events
• Global mindset and cross-cultural awareness
• Crisis management and problem-solving abilities

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