Credit Risk Exposure Manager (Analyst / Associate)

Credit Risk Exposure Manager

Analyst / Associate

Department: Risk Management

Location: London

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.

Department Overview

Nomura’s Credit Risk Exposure Management team is responsible for the quantification, risk management, and mitigation of contingent counterparty risks arising from the bank’s financing and derivative portfolios. The team manages collateral and contingent risk across all businesses and asset classes. The team provides IA requirements and quantifies exposure under the bottom-up stress loss metric for OTC derivatives and SFT trading with Hedge Funds and other counterparties. The function sits within the Credit Risk department; however, the team works very closely with Front Office and Market Risk to ensure that the bank’s exposures to its counterparties are within firm risk appetite.

In addition, the team is the responsible owner for the ‘Potential Exposure’ model and advises Credit Risk Management on all metric-related matters, including the Bottom-up Stress metric.

Role Description

The primary focus will be providing quantitative support to the Credit Risk management Team, with a primary focus on the Hedge Funds business. Specific responsibilities include:

• Client pre-trade risk analysis of financing and OTC trades to support approval decisions; this includes providing IA amounts for OTC transactions, haircuts for SFT transactions, and calculating the impact of new trades on Stress Loss limit utilization for Hedge Funds.
• Monitoring and analyzing client portfolios in terms of credit exposures (CE, PE, EE, etc.), risk profiles, and margin levels, and providing commentary on the drivers for the risk exposure and daily moves.
• Participating in margin methodology development, enhancing existing margin models, and their documentation.
• Managing risks for the firm’s portfolio of collateralized transactions through relevant portfolio analysis using different parameters such as credit risk metrics, VaR, stress, and liquidation scenarios, and reporting on these.
• Understanding the rules and regulations of various regulatory bodies (such as JFSA, PRA, BaFin, & SEC) applicable for Regulatory Credit Risk Exposure & Capital calculations and ensuring its correct implementation for trade portfolios.
• Working with various risk managers and other stakeholders to address their requests for additional analysis based on specific needs as they arise.
• Automating, simplifying, and standardizing risk management processes wherever possible to create efficiency and focus on risk analysis & mitigation strategies.

Skills, Experience, Qualifications and Knowledge Required

Essential

• Broad knowledge of a range of asset classes and their derivatives.
• Excellent presentation and communication skills.
• Appreciation of client business and motivations.
• MS Excel to expert level.
• Good general knowledge and understanding of current macro-economic trends.
• Ability to work independently, be motivated to learn, and drive for success.

Desirable

• Previous experience in Prime Brokerage, Market Risk, or an Exposure Management division.
• Previous experience in fixed income derivatives and cash products.
• Programming Skills (e.g., VBA, SQL, Python, etc.).
• Further Financial Education (e.g., CFA, MBA, etc.).

Nomura Competencies

Explore Insights & Vision

Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

Evaluate all the options for resolving problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People

Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

Respect DEI, foster a culture of psychological safety in the workplace, and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

Right to Work: The UK Government has taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa), we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion: Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve, creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

Nomura is an Equal Opportunity Employer.