Portfolio Risk Manager

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

Job summary

Nomura in New York seeks a Portfolio Risk Manager (VP) to lead analysis of portfolio risk across markets, develop forward-looking risk metrics, and integrate stress testing with risk frameworks. You will build dashboards and present findings to senior management, collaborating with Market, Credit, and IT teams.

The role requires 8+ years in risk, strong Python/Power BI, and ability to communicate complex results. A Master's or quantitative degree is preferred; FRM/CFA advantageous.

Qualifications

• 8+ years in core risk roles; 5+ in Portfolio Risk.
• Experience across FX, Credit, Equities, Rates, Loans.
• Knowledge of stress testing, CVA, RWA, JTD.
• Masters or equivalent; FRM/CFA advantageous.
• Strong analytical, communication, and stakeholder skills.
• Experience with mortgage/securitized products and concentration management.
• Python for data manipulation; SQL and Power BI.
• Ability to present to senior management.

Responsibilities

• Develop a global, forward-looking view of the portfolio using multiple risk metrics.
• Analyze the portfolio across rating, sector, product and more; enhance risk frameworks.
• Identify and monitor material risk concentrations across the portfolio.
• Conduct risk-return assessments and advise on portfolio optimization.
• Create portfolio risk analytics, controls, and dashboards for senior management.
• Summarize findings and present to risk committees and senior management.
• Collaborate cross-functionally with risk, front/middle office, IT, and audits.
• Maintain governance, controls, and documentation for risk models.
• Design interactive tools/dashboards (Power BI) with ML where appropriate.

Skills

Portfolio Risk

Python

Power BI

SQL

Stakeholder management

Communication

Stress Testing

Credit Portfolio

Education

Master's degree in Finance/Economics

FRM/CFA advantageous

Tools

Alteryx

Machine Learning

Job description

Job Title: Portfolio Risk Manager

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 $190,000/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 .

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.

Team Overview

The Portfolio Analytics and Monitoring ("PAM") team operates within the Portfolio Risk function as a "second line of defense," providing critical insights to inform decision-making by the Chief Risk Officer, senior management, Risk Management Committees, and other governance bodies.

The team focuses on portfolio analytics including forward-looking concentration risk analysis and detection of material risks. It collaborates closely with Market Risk, Credit Risk, and other Risk teams, as well as the first line of defense, leveraging frameworks such as stress testing and early warning indicators to provide comprehensive portfolio intelligence.

Role Description

• Develop a global, forward-looking view of the portfolio by leveraging multiple risk metrics and techniques (default loss, stressed exposure etc.) while integrating portfolio analytics and monitoring with Stress Testing, Risk Identification and other Risk frameworks.
• Analyze the firm’s portfolio across multiple dimensions such as rating, sector, product etc. while developing and enhancing portfolio risk frameworks (e.g., Default Risk Appetite, Sector Concentration).
• Systematically identify, measure, and monitor material risk concentrations across the portfolio.
• Undertake risk-return assessments and provide recommendations for portfolio optimization through what-if scenario analysis using economic/stress capital models, particularly focusing on material portfolio concentrations.
• Develop portfolio risk analytics, controls, and dashboards to produce portfolio intelligence suited for decision-making by senior management.
• Summarize portfolio risk findings and deliver well-articulated, impactful presentations to senior management and risk committees.
• Foster collaboration across teams spanning risk, front office, middle office, audit, I.T. etc. and participate in global projects related to Portfolio Risk.
• Implement strong governance, controls, and documentation for team processes and frameworks, including Risk Models owned by the team.
• Design, build and maintain interactive tools and dashboards (e.g. Power BI) requiring advanced data handling and analysis, while utilizing Machine Learning models where appropriate.

Skills, Experience, Qualifications And Knowledge Required

• 8+ years of experience in core risk management roles with at least 5+ years of experience in Portfolio Risk Management (e.g., Credit Portfolio Management) with strong exposure to both loans and derivatives.
• Experience of markets and financial products across major asset classes (FX, Credit, Equities, Rates, Loans) and their correlations.
• A background in risk measurement techniques and metrics across risk types (Market, Credit, etc.) such as stress testing, economic loss models (IRC style), PFE, CVA, RWA, JTD etc and experience in non-financial risks (Operational Risk).
• Master’s degree or equivalent qualification in Finance, Economics, Risk Management, Quantitative Finance, Mathematics, Statistics, Engineering, or related discipline is preferred. Professional certifications such as FRM, CQF, or CFA would be advantageous .
• Excellent analytical, quantitative, and problem-solving skills with ability to interpret and drill-down into complex portfolio risk metrics.
• Experience in mortgage/securitized products, leveraged loans etc., concentration management, risk mitigation techniques (Credit Insurance) and portfolio RWA/capital optimization would be an advantage.
• Entrepreneurial mindset with ability to break down silos and a proven track record in stakeholder management and cross-functional collaboration.
• Ability to work effectively under pressure in a fast-paced environment with a high degree of engagement with senior management.
• Exceptional interpersonal, verbal and written communication skills with proven ability to conduct presentations to senior management, including those with non-risk backgrounds.
• Proficiency in Python for data manipulation, Extract, transform, and load (ETL) processes, and model development for data analysis and visualization tools.
• Working knowledge of Power BI and SQL including familiarity with Power Query and M language. Experience in Alteryx and Machine Learning would be an advantage.

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