Executive Director - Credit Risk Management - Hedge Funds / Private Equity

Nomura Holdings, inc. • New York, NY

79d

About The Position

Nomura is hiring an Executive Director in Credit Risk Management to lead and manage credit risk for hedge fund and private equity counterparties in New York. The role is part of the Counterparty Credit Risk team, a second-line-of-defense function responsible for assessing counterparty creditworthiness, assigning internal ratings, establishing and managing credit limits, and measuring and controlling credit exposure from lending, financing, and trading activities.

The successful candidate will independently manage and monitor exposures arising from OTC derivatives, securities financing, prime brokerage, loan agreements, and other structured or bespoke transactions. They will provide day-to-day leadership and guidance to a team of vice presidents, associates, and analysts; review and approve credit assessments and limits within delegated authority; conduct client due diligence; oversee monitoring and trade approvals; and work with internal and external stakeholders on credit terms, documentation, and risk decisions. The position also contributes to portfolio analytics, monitoring tools, credit policy, systems, and regulatory projects, and represents the Americas portfolio in regional and global risk forums.

Requirements

• At least 12 years of relevant experience managing credit risk for hedge funds and/or private equity funds at a major financial institution.
• Proven team management experience, including use of delegated approval authority.
• Bachelor's degree in Finance, Economics, Mathematics, or a related field.
• Deep understanding of alternative investment strategies and experience leading client due diligence meetings.
• Strong knowledge of major derivative instruments and Prime Brokerage products and services, including their risk characteristics.
• Thorough understanding of master trading documentation, including ISDA, CSA, GMRA, F&O, and Prime Brokerage agreements.
• Strong quantitative skills and ability to interpret complex risk metrics for credit decisions.
• Comprehensive understanding of portfolio trade risks and credit risk frameworks.
• Ability to lead, develop, and mentor analysts in a fast-paced, high-pressure environment and prioritize work according to project needs.
• Excellent interpersonal and communication skills, including the ability to engage effectively with Sales teams, Front Office, and external clients at all levels.
• Strong negotiation and consensus-building abilities.
• Experience working with business partners such as sales and trading, Market Risk, Legal, Operations, and client integration.
• Demonstrated business and project management acumen and executive presence.

Nice To Haves

• Experience with both hedge fund and private equity transactions and structures is strongly preferred.
• An advanced degree.

Responsibilities

• Lead and manage the New York Hedge Funds and Private Equity Funds Credit Risk team, providing day-to-day oversight and guidance to vice presidents, associates, and analysts.
• Review and approve credit memos, ratings, and limits under delegated authority; assess fund creditworthiness by analyzing strategy, performance attribution, liquidity, leverage, and manager or sponsor strength.
• Conduct due diligence visits and calls with hedge fund and private equity clients, assessing trading strategies, risk management, performance, operational controls, and governance.
• Collaborate with Front Office Risk and other risk functions to understand stress-loss scenarios; conduct ongoing monitoring, including monthly or quarterly NAV reviews and performance attribution analysis, and identify deteriorating credit quality.
• Review credit limit breaches and recommend credit actions when risk appetite thresholds are exceeded.
• Review and approve trading activity, margin requirements, and transaction structural enhancements; oversee daily trade approvals with other risk teams and establish appropriate margining requirements.
• Define credit terms and covenants for legal documentation, including Prime Brokerage agreements, ISDA/CSA, and GMRA; negotiate documentation and understand associated covenants.
• Maintain communication with global Hedge Funds and Private Equity team leads and monitor international risk developments.
• Present Americas portfolio risk summaries at global risk review calls and regional or global risk committees.
• Build constructive relationships with Front Office, Market Risk, Legal, Operations, Compliance, and Finance; oversee client engagement and credit standards with firmwide stakeholders.
• Support enhancements to specialized data analytics and portfolio monitoring tools.
• Lead or participate in firmwide projects, including credit policy development, system implementations, and regulatory projects.

Benefits

• Medical benefits
• Financial benefits
• Other benefits
• 401(k) eligibility
• Paid vacation
• Paid sick time
• Parental leave
• Potential sign-on bonus, restricted stock units, and discretionary awards, depending on the position offered

What This Job Offers

• Job Type: Full-time
• Career Level: Executive