Quant Researcher

Nomura; New York (NY); On-site; USD 175,000 - 250,000; Full time

Job summary

Nomura's Global Markets group in New York is seeking a Quantitative Researcher to advance quantitative modeling, risk management, and portfolio optimization for the cash equities desk. The role emphasizes building real-time risk analytics, designing execution strategies, and collaborating with trading desks to manage central risk.

A PhD or Master’s in a quantitative field plus several years' experience are required.

Qualifications

• Advanced degree in a quantitative field (PhD or Master’s).
• 3–8 years in quantitative research, risk, or trading at a financial institution.
• Strong knowledge of equity markets and risk models.
• Proficiency with Python and kdb+/q is required.

Responsibilities

• Design and implement equity portfolio risk models and tail risk analytics.
• Develop portfolio rebalancing, hedging, and capital-allocation frameworks.
• Build real-time risk monitoring for P&L, Greeks, and exposure metrics.
• Create and evaluate risk-mitigation strategies with trading desks.

Skills

Python

kdb+/q

Statistics

Optimization

Portfolio optimization

Data processing

Risk systems familiarity

Education

Master's or PhD in quantitative field

Tools

Axioma

Barra

Bloomberg PORT

Job description

Job Title: Quantitative Researcher

Department: Global Markets

Location: New York

Corporate Title: Associate/Vice President

The pay range for this position at commencement of employment is expected to be between $175,000-$250,000 per year*

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

Nomura's Global Markets department provides liquidity, market insights, and execution services to clients worldwide across various asset classes, including equities, fixed income, currencies, and commodities. The team's focus on innovation and technology provides clients with access to cutting-edge trading platforms and customized solutions. Nomura's Global Markets team specializes in market-making, risk management, and electronic trading, with a strong global presence and reputation for exceptional service to clients. With expertise, global reach, and commitment to innovation, Nomura's Global Markets department is well-positioned to continue driving growth and success in the financial industry.

About The Role

We are seeking an experienced Quantitative Researcher to join our Cash Equities Central Risk Book team. This role focuses on quantitative modeling, risk management, and portfolio optimization to support our global equities business.

Key Responsibilities

Risk Modeling & Portfolio Optimization

• Design and implement quantitative models for equity portfolio risk management, including factor models, correlation structures, and tail risk analytics
• Develop portfolio optimization frameworks for rebalancing, hedging strategies, and capital allocation
• Build real-time risk monitoring systems tracking P&L attribution, Greeks, and exposure metrics
• Perform scenario analysis and stress testing under various market conditions

Algorithmic Execution & Trading

• Design and enhance algorithmic execution strategies for optimal portfolio rebalancing and risk reduction
• Develop transaction cost analysis (TCA) models and execution quality metrics
• Build algorithms for smart order routing, liquidity-seeking, and market impact minimization
• Optimize execution schedules balancing urgency, market impact, and timing risk

Central Risk Book Management

• Support management of the firm's central equity risk book, including inventory optimization
• Develop models to price and manage residual risk from client facilitation and market making
• Create tools for evaluating trade‑offs between risk reduction, capital efficiency, and revenue generation
• Collaborate with trading desks to implement risk mitigation strategies

Required Qualifications

Education & Experience

• Advanced degree (PhD or Master's) in Mathematics, Statistics, Physics, Financial Engineering, Computer Science, or related quantitative field
• 3-8 years of experience in quantitative research, risk management, or trading at a financial institution
• Strong understanding of equity markets, portfolio theory, and risk models

Technical Skills

• Expert programming skills in Python and kdb+/q (required)
• Strong knowledge of statistics, numerical methods, and optimization techniques
• Experience with portfolio optimization algorithms and large-scale data processing
• Familiarity with risk systems (Axioma, Barra, Bloomberg PORT) and market data platforms

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".

• US FINANCE ONLY** Applicants for this position in the Finance Division of NHA must be currently authorized to work for any employer in the United States. The Finance Division is not sponsoring or taking over sponsorship of employment visas for this position at this time.

Nomura is an Equal Opportunity Employer