Front Office Risk Manager - VP/ED

The pay range for this position at commencement of employment is expected to be between $225,000 and $260,000 per annum.

About the Company

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.

About the Department

Front Office Risk is responsible for implementation of effective First Line of Defense Economic Risk Management within Wholesale. The team covers economic risk of all Global Markets business in the region; Flow and Structured Rates (including Agency Mortgages), Equity Products, and Securitized Product.

About the Role

Front Office Risk Management is looking to hire a senior level professional to join the team covering the US business. The Risk Manager will need to oversee all significant financials risks (notably Market and Counterparty) across all products as well as leading and executing on key enhancements to the risk platform. The role requires quantitative and qualitative analysis on material positions and risk; working closely with Trading Desks and other stakeholders in evaluating and making decisions on these risks.

Responsibilities

• Play a leading role in ensuring all key risks in US Global Markets business lines are identified, assessed, quantified where possible, monitored, and escalated where needed for senior decisions.
• Monitor and review risk profiles, market activity and key flashpoints in Trading Desk and Counterparty portfolios. Understand and articulate the most significant risks and the factors driving performance.
• Conduct regular analysis using techniques like Stress testing, Concentration/Liquidity assessment, P&L Attribution, VaR, etc., and produce appropriate assessments and recommendations.
• Where necessary, challenge Traders and Risk-takers around the risk profile and positions.
• Play a leading role in driving the development of the risk platform including stress/scenario analysis, risk tools, and new approaches to analyzing risk.
• Work closely and communicate effectively with the team, Corporate Risk, Traders, Global Markets management, and Corporate control functions.

Requirements

• Strong problem-solving and quantitative skills with good knowledge of statistics and financial models.
• Self-starter, extremely proactive, detail-oriented, with a can-do approach and intellectually inquisitive.
• Leadership skills able to create and work to a clear plan/target state and manage/direct others (at Executive Director level).
• Strong team player with a very positive attitude and exemplary work ethic.
• Excellent verbal and written communication skills.
• Detail-oriented problem-solving approach with a strong desire to get things done.
• Very execution-oriented with a strong quantitative and analytical mindset, and the ability to perform ad-hoc analysis on the fly.
• Programming skills desirable such as VBA, Python, or MatLab.
• Ability to dissect complex risks into easily addressable frameworks and communicate with senior management.
• Equity Derivatives risk or trading experience desirable.

Qualifications

• Vice President: 5-7 years of Financial Markets experience in Trading, Risk Management, or related quantitative areas. Preferably a Graduate degree in a quantitative field.
• Executive Director: 10+ years of Financial Markets experience in Trading, Risk Management, or related quantitative areas. Preferably a Graduate degree in a quantitative field.

Pay

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.