Real Estate Credit Risk Manager

Nomura Holdings, Inc.; New York (NY); On-site; USD 220,000 - 260,000; Full time

Job summary

Nomura Holdings, Inc. is seeking an Executive Director to lead the Real Estate Credit Risk team in the Americas, overseeing risk strategy and coordination with front office, auditors, and senior management.

The role emphasizes expertise in mortgage and real estate risk, portfolio oversight, and collaboration across functions. The position requires strong communication skills, experience with complex credit structures, and the ability to guide risk analytics and regulatory reporting in a global

Qualifications

• Extensive credit risk experience across mortgage and real estate.
• Ability to evaluate counterparties and collateral structures.
• Strong communication and stakeholder management at senior levels.

Responsibilities

• Lead the Americas Real Estate Finance Credit Risk team with strategic direction.
• Monitor portfolio performance and conduct ongoing due diligence on counterparties.
• Oversee risk analytics, reporting, and regulatory communication.
• Collaborate with front office and clients to structure and negotiate credit terms.

Skills

Credit risk

Mortgage underwriting

Real estate underwriting

Stakeholder management

Job description

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Job Title: Real Estate Credit Risk Manager

Job Code: 15048

Country: US

City: New York

Skill Category: Risk

Description:

Job title: Real Estate Credit Risk Manager

Corporate Title: Executive Director

Department: Credit Risk Management

Location: New York

The pay range for this position at commencement of employment is expected to be between $220,000 and $260,000 /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

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 credit risk professional at the Executive Director level to help lead a team in the Americas providing strategic direction and oversight for Nomura’s Real Estate Finance Credit Risk team. The role requires experience evaluating counterparties, mortgage and real estate collateral, securitizations and new products/structures. In addition to product expertise, the candidate must exhibit familiarity with models, effective management ability and excellent communication as the role requires extensive collaboration across various functions and with clients. Candidate must be able to work with business partners to structure and negotiate on credit terms for real estate and mortgage warehouse transactions. This role covers products across both the commercial mortgage and business-purpose residential mortgage sectors. Residential mortgage products include Residential Transitional Loans (RTL), Investor (DSCR) Loans, Single-Family Rental (SFR), Built-to-Rent (B2R), and Small-Balance Commercial (SBC) Loans. Commercial real estate products include Conduit Loans, Balance Sheet Loans, Single Asset Single Borrower Securitizations (SASB/Large Loan), and warehouse lending across all commercial real estate product types.

Key Stakeholder Management

• Build and maintain strategic relationships with origination and structuring teams
• Act as the primary intermediary between clients, business units, auditors and department heads
• Present risk assessments and strategic recommendations to senior management & executive committees
• 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

• Engage directly with front office deal teams as an independent credit authority on deal structuring, transaction design, and commercial terms across a diverse portfolio.
• Ongoing monitoring of portfolio collateral performance and counterparty financial performance
• Conduct on-site due diligence with counterparties to determine financial, operational and managerial capabilities
• Take ownership of analyzing and assigning internal credit ratings, evaluating key risks and mitigants across novel transactions, and preparing internal memorandums to document decision rationale.
• Oversee limit framework design, implementation and enforcement
• Guide development of risk analytics and reporting frameworks. Oversee regulatory reporting, including preparation and presentation of key portfolio trends to risk seniors and regulatory reporting teams
• Track developments in regulatory & industry-specific operating environments including key trends in securitization markets
• Monitor counterparty credit and changes in external ratings. Ensure pro-active socialization and / or escalation of such developments as needed.

Team Leadership

• Provide technical guidance and mentoring to junior staff
• Foster collaboration across risk and control functions
• Drive performance management and career development

Required Qualifications:

• 12+ years of relevant risk experience
• Deep expertise and strong understanding of mortgage & real estate underwriting
• Proven experience managing stakeholder relationships at senior levels
• Experience managing junior members and helping them build skills and develop talents

Technical Knowledge

• Comprehensive understanding of credit risk rating methodologies
• Expert knowledge of risk metrics and limit frameworks