Real Estate Credit Risk Manager

Nomura Holdings, inc.•New York, NY

21h•$220,000 - $260,000•Onsite

About The Position

Nomura's Risk department plays a crucial role in identifying, assessing, and mitigating risks across our business. We strive to protect the firm's assets, reputation, and financial stability by implementing robust risk management practices. Join our team and contribute to our proactive approach in managing risks, allowing us to make informed decisions and thrive in an ever-changing market environment. 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, declines, 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.

Requirements

12+ years of relevant risk experience
Deep expertise and strong understanding of mortgage & real estate underwriting
Proven experience managing stakeholder relationships at senior levels
Experience managing junior members and helping them build skills and develop talents
Comprehensive understanding of credit risk rating methodologies
Expert knowledge of risk metrics and limit frameworks
Understanding of securitization structures and markets
Exceptional ability to communicate complex risk concepts clearly
Experience presenting to executive committees
Strong negotiation and conflict resolution capabilities
Ability to build consensus across diverse stakeholder groups
Confidence in challenging senior stakeholders constructively
Clear written & verbal communication for regulatory correspondence
Experience managing through market and credit stress events
Global mindset and cross-cultural awareness
Crisis management and problem-solving abilities

Responsibilities

Provide strategic direction and oversight for Nomura’s Real Estate Finance Credit Risk team.
Evaluate counterparties, mortgage and real estate collateral, securitizations and new products/structures.
Structure and negotiate on credit terms for real estate and mortgage warehouse transactions.
Cover products across both the commercial mortgage and business-purpose residential mortgage sectors, including Residential Transitional Loans (RTL), Investor (DSCR) Loans, Single-Family Rental (SFR), Built-to-Rent (B2R), and Small-Balance Commercial (SBC) Loans, as well as Conduit Loans, Balance Sheet Loans, Single Asset Single Borrower Securitizations (SASB/Large Loan), and warehouse lending.
Build and maintain strategic relationships with origination and structuring teams.
Act as the primary intermediary between clients, business units, auditors and department heads.
Present risk assessments and strategic recommendations to senior management & executive committees.
Provide clear, impactful communication of risk issues to senior management.
Partner with global teams across different jurisdictions and time zones.
Influence key decision makers on risk appetite and portfolio strategy.
Engage directly with front office deal teams as an independent credit authority on deal structuring, transaction design, and commercial terms across a diverse portfolio.
Ongoing monitoring of portfolio collateral performance and counterparty financial performance.
Conduct on-site due diligence with counterparties to determine financial, operational and managerial capabilities.
Analyze and assign internal credit ratings, evaluating key risks and mitigants across novel transactions, and preparing internal memorandums to document decision rationale.
Oversee limit framework design, implementation and enforcement.
Guide development of risk analytics and reporting frameworks.
Oversee regulatory reporting, including preparation and presentation of key portfolio trends to risk seniors and regulatory reporting teams.
Track developments in regulatory & industry-specific operating environments including key trends in securitization markets.
Monitor counterparty credit and changes in external ratings. Ensure pro-active socialization and / or escalation of such developments as needed.
Provide technical guidance and mentoring to junior staff.
Foster collaboration across risk and control functions.
Drive performance management and career development.