Location: New York,NY, USA
Corporate Title: Vice President
Department: Risk Management
Location: New York
The pay range for this position at commencement of employment is expected to be between $145,000 and $200,000/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 Financing Risk team is responsible for the risk management and mitigation of contingent counterparty risks arising from the bank's financing and derivative portfolios. The team manages collateral and contingent risk for several businesses, including Prime Services and Repo Financing. The team also provides risk and margin analysis for OTC derivatives trading with Hedge Funds and other counterparties. While the function sits within the Market Risk department, the Financing Risk team works very closely with Front Office and Credit risk to ensure that the bank's exposures to its counterparties are within firm risk appetite, and takes action to collateralize these exposures where they are not.
Role Description / Areas of Responsibility
The primary focus will be the Prime Brokerage and Financing Businesses, with extended responsibilities supporting risk and margin analysis for fixed income derivatives trading.
Responsibilities
* Working with Prime Brokerage business & Credit Risk to analyze & approve client margin rules and setting risk limits;
* Monitoring Prime Brokerage client portfolios vs. key metrics and taking resolution action when risk is outside firm appetite;
* Client pre-trade risk analysis of financing and OTC trades to support approval decisions;
* Quantitative counterparty risk exposure analysis for Financing & derivatives trading, including VaR Margin and regulatory bilateral margin rules;
* Present views of contingent risk to Credit Risk, Front Office and in various management forums
* Aid development of globally consistent analytics & reporting standards;
Key Objectives Critical to Success
* Form an understanding of existing Nomura risk policies, methodologies and systems; give input on potential improvements and business development;
* Build a network of contacts across risk management, Global Markets and support functions;
* Demonstrate flexibility to operate across separate business lines within the Financing Risk space
* Proactive, problem solving
Skills, Experience, Qualifications and Knowledge Required
Essential
* At least five years of experience in of Prime Brokerage and/or financing businesses
* Broad knowledge of a range of asset classes and their derivatives and in depth knowledge of equities
* Excellent Presentation and communication skills Appreciation of client business and motivations
* MS Excel to expert level Good general knowledge & understanding of current macro-economic trends
* Ability to work independently, motivated to learn, and drive for success
Desirable
* Previous experience in fixed income derivatives & cash products
* Programming Skills e.g. VBA, SQL, Python etc.
* Further Financial Education e.g. CFA, MBA, etc.
* 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, 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
Nearest Major Market: Manhattan
Nearest Secondary Market: New York City