Portfolio Risk Manager

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

Job summary

Nomura is seeking an experienced Portfolio Risk professional in New York to lead a forward‑looking portfolio view using multiple risk metrics and stress testing. You will analyze ratings, sectors, and products, identify concentrations, and drive risk framework enhancements across markets and instruments.

You will build analytics, controls, and dashboards for senior management, collaborate across risk, front office, IT, and audit, and ensure robust governance and documentation for risk models and

Qualifications

• Master’s degree or equivalent preferred.
• 7+ years in core risk management, preferably Portfolio Risk.
• Strong knowledge of risk metrics across markets (FX, Credit, Equities).
• Experience with stress testing and risk measures (IRC, CVA, RWA).
• Excellent analytical and communication skills.
• Experience with mortgage/securitized products and concentration management.
• Ability to present to senior management.
• Collaborates across risk, front office, IT, and audit.

Responsibilities

• Develop a global, forward-looking view of the portfolio using multiple risk metrics and techniques.
• Analyze the firm’s portfolio across rating, sector, and product; enhance risk frameworks.
• Identify and monitor material risk concentrations across the portfolio.
• Perform risk-return assessments and what-if analyses for portfolio optimization.
• Develop portfolio risk analytics, controls, and dashboards for senior decision-making.
• Summarize risk findings and present to senior management and risk committees.
• Foster cross-functional collaboration with risk, front/middle office, audit, and IT.
• Implement governance and documentation for risk models and processes.
• Design and maintain interactive dashboards (Power BI); apply ML where appropriate.

Skills

Portfolio risk management

Stakeholder management

Analytical thinking

Quantitative analysis

Effective communication

Education

Master’s degree or equivalent

FRM / CFA / CQF certifications

Tools

Python

Power BI

SQL

ETL processes

Machine Learning

Job description

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).

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:

• A Master’s degree or equivalent is preferred from a reputed institute; Certifications such as FRM, CQF, or CFA would be a strong advantage.
• Minimum 7 years of experience in core risk management roles, preferably in Portfolio Risk Management (e.g., Credit Portfolio Management) with strong exposure to both loans and derivatives.
• Deep understanding of markets and financial products across major asset classes (FX, Credit, Equities, Rates, Loans) and their correlations.
• A strong 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. Experience in non‑financial risks (Operational Risk) would be an advantage.
• 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.