Executive Director, Opportunistic Credit

Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates, and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from, and within Asia.

About the role

Nomura Capital Management (NCM) is seeking an Executive Director to work on the Opportunistic Private Credit Team with a real estate focus for the Nomura Alternative Income Fund (NAIFX). The candidate will lead sourcing, structuring, diligence, execution, and monitoring of private credit co-investments alongside third-party originators and fund managers. The role requires 10+ years of private real estate credit experience, deep subject matter expertise, and a nuanced understanding of underlying transaction risk profiles. The ideal candidate will also possess extensive knowledge of structuring investments for interval funds and be intimately familiar with the asset-based and specialty finance fund management universe.

The successful candidate will have a demonstrated track record and an established network to source, structure, and diligence prospective investment strategies and opportunities within the real estate and specialty finance sectors. The candidate will engage with fund managers, originators, and industry participants to source and diligence investments, which may take varying forms, including allocations, partnerships, and co-investments. A keen understanding of relative value across the private credit landscape and the ability to pivot to attractive areas as the macro environment changes are essential.

Responsibilities

• Maintain and expand a network of investment partners to source and originate co-investments.
• Structure investments considering investment objectives, portfolio construction, and legal/regulatory criteria for a ’40 Act registered interval fund.
• Underwrite utilizing both quantitative and fundamental credit analysis.
• Analyze the potential use of leverage in various forms and its impact on risk and return.
• Oversee deal structuring and execution, coordinating with internal and external counterparties.
• Manage multiple investment processes with team members in parallel to drive results.
• Lead, develop, and mentor junior resources.
• Maintain a pipeline of actionable ideas and emerging themes as the opportunity set evolves.
• Prepare investment memoranda and related documentation for Investment Committee and post-execution monitoring.
• Continuously evaluate existing portfolio exposures by tracking key risk factors and maintaining regular dialogue with fund managers and industry participants.
• Manage investments post-closing and develop a roadmap to harvest investments over time.
• Continuously improve and optimize investment diligence, monitoring, and reporting.
• Collaborate with cross-functional teams internally and externally, including Risk Management, Legal, Compliance, Data Providers, Distribution Partners, Counterparties, Technology Vendors, Operations, and Accounting.

Requirements

• 10+ years of relevant credit experience in private asset-based and specialty finance sectors.
• Interval fund experience preferred.
• Deep knowledge of the credit markets (private and securitization) with a passion for investing.
• Ability to articulate complex details intelligently and succinctly.
• A network to source and originate co-investments.
• Prior leadership and managerial experience.
• A self-starter who is commercial and results-oriented in structuring investments and partnerships.
• Ability to thrive in a fast-paced environment while maintaining rigorous diligence.
• Demonstrated track record of alpha generation and strong understanding of credit analysis.
• Detail-oriented with exceptional quantitative/analytical capabilities and high investment acumen.
• Uncompromised integrity and honesty, operating as a true fiduciary on behalf of clients.
• Collaborative interpersonal skills for effective interaction with cross-functional and external teams.
• Comfortable operating in an entrepreneurial culture and contributing to business scaling.
• Strong academic credentials; CFA preferred.

Leadership Behaviors

• Explore Insights & Vision: Identify underlying causes of problems and define a clear vision for the future.
• Making Strategic Decisions: Evaluate options and prioritize actions effectively.
• Inspire Entrepreneurship in People: Motivate team members through effective communication to enhance productivity.
• Elevate Organizational Capability: Engage in professional development and promote knowledge sharing.
• Inclusion: Foster a culture of inclusion, psychological safety, and a "Risk Culture" (Challenge, Escalate, and Respect).

Pay

The pay range for this position at commencement of employment is expected to be between $250,000 and $315,000 per year. The total compensation package may also include a sign-on bonus, restricted stock units, discretionary awards, and a full range of medical, financial, and other benefits (including 401(k) eligibility and paid time off such as vacation, sick time, and parental leave).

Schedule

This is a hybrid role based in New York, New York, requiring in-office presence 3 times per week.