Credit Exposure Management

Nomura Holdings, inc.•New York, NY

4d•$150,000 - $185,000•Onsite

About The Position

Nomura's Credit Exposure Management Risk team is responsible for the risk management and mitigation of contingent counterparty risks arising from the bank's financing and derivative portfolios. The team manages collateral and contingent risk for several businesses, including Prime Services and Repo Financing. The team also provides risk and margin analysis for OTC derivatives trading with Hedge Funds and other counterparties. While the function sits within the Credit Risk department, the CEM team works very closely with Front Office and other Risk teams to ensure that the bank's exposures to its counterparties are within firm risk appetite, and takes action to collateralize these exposures where they are not. The primary focus will be the Prime Brokerage and Financing Businesses, with extended responsibilities supporting risk and margin analysis for fixed income derivatives trading.

Requirements

At least five years of experience in Prime Brokerage and/or Equities coverage in a Market Risk role
Broad knowledge of a range of asset classes and their derivatives and in depth knowledge of equities
Excellent Presentation and communication skills
Appreciation of client business and motivations
MS Excel to expert level
Good general knowledge & understanding of current macro-economic trends
Ability to work independently, motivated to learn, and drive for success

Nice To Haves

Previous experience in fixed income derivatives & cash products
Programming Skills e.g. VBA, SQL, Python etc.
Further Financial Education e.g. CFA, MBA, etc.

Responsibilities

Working with Prime Brokerage business & Credit Risk to analyze & approve client margin rules and setting risk limits
Monitoring Prime Brokerage client portfolios vs. key metrics and taking resolution action when risk is outside firm appetite
Client pre-trade risk analysis of financing and OTC trades to support approval decisions
Quantitative counterparty risk exposure analysis for Financing & derivatives trading, including VaR Margin and regulatory bilateral margin rules
Present views of contingent risk to Credit Risk, Front Office and in various management forums
Aid development of globally consistent analytics & reporting standards