Credit Exposure Management

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.

Responsibilities

• Manage risk and mitigation of contingent counterparty risks arising from the bank's financing and derivative portfolios.
• Oversee collateral and contingent risk for businesses including Prime Services and Repo Financing.
• Provide risk and margin analysis for OTC derivatives trading with Hedge Funds and other counterparties.
• Work closely with Front Office and other Risk teams to ensure exposures to counterparties are within firm risk appetite and collateralize exposures where necessary.
• Analyze and approve client margin rules and set risk limits for Prime Brokerage business.
• Monitor Prime Brokerage client portfolios vs. key metrics and take resolution action when risk is outside firm appetite.
• Perform client pre-trade risk analysis of financing and OTC trades to support approval decisions.
• Conduct 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; provide 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.
• Exhibit proactive problem-solving skills.

Requirements

• At least five years of experience in Prime Brokerage and/or Equities coverage in a Market Risk role.
• Broad knowledge of a range of asset classes and their derivatives, with in-depth knowledge of equities.
• Excellent presentation and communication skills.
• Appreciation of client business and motivations.
• Expert-level proficiency in MS Excel.
• Good general knowledge and understanding of current macro-economic trends.
• Ability to work independently, motivated to learn, and drive for success.

Qualifications

• Desirable:
• Previous experience in fixed income derivatives & cash products.
• Programming skills (e.g., VBA, SQL, Python).
• Further financial education (e.g., CFA, MBA).

Pay

The pay range for this position at commencement of employment is expected to be between $150,000-$185,000 per year.