Managing Director and Senior Economist, US Research, Global Markets

Managing Director and Senior Economist, US Research, Global Markets – (job location is New York, NY; employer is Nomura Securities International, Inc.) – Manage the U.S. economic research team comprised of four Economists in performing in-depth research on the U.S. economy, analyzing economic trends and forecasting economic indicators. Regularly publish research on the U.S. economy covering major economic indicators, expectations around monetary/fiscal policy and inflation. Publish forecasts for high-frequency indicators including the monthly employment report, consumer price index and retail sales which are based on ARIMA models, Dynamic factor models, Principle Component Analysis, news-article based sentiment analysis and other methods. Forecast monetary policy including expectations for the Federal Reserve’s evolving reaction function, as well as the future path of the economy for the next 2 years including real GDP, interest rates, inflation and employment. Advise the Bank’s senior management and risk management teams on key economic risks. Communicate with important institutional investors in the U.S. and globally on economic outlook. Present research and insights at industry conferences and firm-sponsored seminars for clients. Advise traders and clients on market implications of economic forecasts on rates/equities markets, incorporating sentiment versus consensus-based indicators. Identify key areas where forecasts differ from market implied indicators on economic growth, monetary policy and interest rate forecasts, in order to identify trading themes. Requirements: Master’s in Economics, Finance, or Business Administration with concentration in Finance, plus 5 years of experience in the position offered or a Vice President, Director or Executive Director level Economist position at a securities broker-dealer. All of the required experience must have included forecasting high-frequency indicators for U.S. economy and writing daily commentaries based on findings; forecasting monetary policy including expectations for U.S. Federal Reserve action and future path of economy including analysis of real GDP, interest rates, inflation and employment; using statistical programming tools including Eviews, Stata, R, Bloomberg and Excel; applying time series analysis to forecasting economic indicators such as ARIMA, error-correction models, and dynamic-factor models; using large-scale macro-econometric models such as Federal Reserve Board’s FRB US model and the Fair Model as well as technical tools for economic research including the Input-Output table and Census Bureau’s seasonal adjustment programs; conducting Japanese economic research and analysis, including economic trends, financial and securities market analysis, and corporate performance evaluation, and providing views on Japanese economy to U.S. clients; and creating and updating presentation materials using PowerPoint and Eviews. FINRA Series 63, 7, and SIE certifications required. Position requires approximately 10% domestic and international travel to meet clients and present at conferences. #LI-DNI Salary: $300,000-$450,000/year. E-mail résumé to: jasmine.beatty@nomura.com.  Ref. #00157.