Credit Risk - FI and Regulated Funds Analyst

Job description:Corporate Title: AssociateDepartment: RiskLocation: New YorkThe pay range for this position at commencement of employment is expected to be between $100,000 and $145,000 /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:

Credit Risk Management (CRM), as the second line of defense, is a key function in protecting and making sure that we take prudent risk for Nomura.  The group evaluates transactions and approves, rejects, or modifies them depending on the credit quality of each counterparty and structure.  The department also assigns internal credit ratings, and establishes and manages credit risk limits in accordance with the risk tolerance.

Job Description/Responsibilities

• This role will sit in the Americas Financial Institutions and Regulated Funds Credit Team. It will report to the Head of Americas Financial Institutions and Regulated Funds Credit Team.
• The Credit Officer would be responsible for the coverage of a portfolio of Financial Institutions and regulated funds counterparties
• Primary responsibilities for this role include:
• Credit Risk Analysis, both quantitative and qualitative, across Brokers, Regulated Funds, Asset Managers and other Financial Institutions
• New client approvals, including setting credit appetite, limits and rating, performing due diligence calls/ visits, drafting/ negotiating credit terms for legal documentation
• Implementing and managing credit limits in accordance with risk appetite, including adherence to the Global Credit Limit Management Policy
• Analyzing economic, market, regulatory, industry events/developments and assessing their impact on the portfolio. Reporting any relevant events to the Americas Head of Financial Institutions and Reg. Funds and other relevant senior risk management
• Managing counterparty risk exposure, including transaction assessment and trade approval with a focus on Cash and Derivative products. This includes liaising with front office personnel, reviewing and approving new transactions and agreeing on trading terms
• Ensuring adherence to Credit Risk limits, including Single Name limits, Country limits and counterparty specific limits, escalating breaches to relevant senior risk management when necessary
• Proactively identifying and monitoring exposure concentrations, identifying risk mitigating actions and escalating/updating to Risk senior management as appropriate
• Identifying, monitoring and escalating trade settlement fails and recommending appropriate risk management actions
• Analyzing and interpreting the stress testing results and take actions as appropriate at counterparty, country and/or industry level

Other Responsibilities:

• Supporting the integration of Nomura’s credit risk management framework across all its legal entities
• Leading and contributing to global risk change initiatives which includes global coordination across Risk and Business colleagues geared toward internal or external / regulatory driven enhancements
• Implementing team level initiatives

Skills, experience, qualifications and knowledge required:

• 3 to 5 years of Credit Risk experience covering Brokers, Regulated Funds, Asset Managers and other Financial Institutions
• Strong understanding of Cash Equity Products
• Strong familiarity with financial statement analysis and credit risk metrics
• Background in trading products in the Equities and Fixed-Income spaces
• Prior experience in dealing with Front Office stakeholders
• Comfortable interacting with senior management, communicating within Risk Management as well as the relevant business areas
• Ability to be a self-starter, working without supervision and managing multiple stakeholder expectations

 

*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