Job title: Credit Risk Infrastructure
Corporate Title: Analyst / Associate
Department: Credit Risk
Location: New York
The pay range for this position at commencement of employment is expected to be between $85,000 and $120,000 per year.
- (see below footnote for additional compensation and benefits information).
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) operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk at Nomura includes:
- Evaluation of likelihood that a counterparty defaults on its payments and obligations;
- Assignment of internal ratings to all active counterparties;
- Approval of extensions of credit and establishment of credit limits;
- Measurement, monitoring and management of Nomura’s current and potential future credit exposures;
- Setting credit terms in legal documentation, including margin terms; and
- Use of appropriate credit risk mitigants, including netting, collateral and hedging.
Role Description:
Based in New York supporting the Regional Head of Credit Risk Infrastructure and Reporting. The candidate will need to be an excellent communicator, risk aware, technically adept and a self-starter. The candidate will be supporting the following activities:
- Technical Implementation
- Leverage SQL for data extraction and analysis
- Design automated workflows
- Design and maintain target operating models
- Process Improvement and Automation:
- Collaborate with IT and other functions to streamline and automate credit risk processes
- Develop new tools for internal credit risk requirements and regulatory compliance
- Data Analysis and Risk Management:
- Assist in monitoring areas of risk and credit risk metrics
- Support CRM in Managing limits and excesses or products, counterparties, and countries
- Control and Governance
- Conduct regular checks, issue tracking and remediation monitoring in line with credit risk policies.
- Perform governance control on processes performed by credit risk analyst.
- Reporting and Presentations:
- Prepare and present senior management decks on credit risk metrics and ad-hoc analysis
- Create and deliver regulatory reports for JFSA, PRA, FINRA, and SEC
- Prepare and deliver reports for regulatory processes and multi-divisional forums
- Internal Audit and Reconciliation:
- Implement adjustments and adhere to defined governance standards
- Perform reconciliations and resolve audit findings
- Escalate discrepancies to senior management in a timely manner
Skills, experience, qualifications and knowledge required:
Seeking a proactive, hard-working and dynamic individual with:
- Technical Expertise:
- Microsoft Office
- SQL
- Decisions
- Power BI
- Machine Learning
- Domain:
- Risk Management experience in a Financial Institution
- Undergraduate degree
- Knowledge of Credit Risk fundamentals
- Knowledge of Credit Risk exposure metrics
- Good understanding of financial products / instruments
- Understanding of economic & regulatory capital
- Well-versed on the US regulatory rules impacting credit risk
- Self-motivated, logical thinking, good interpersonal skills and demonstrate ability to form successful working relationships
- Delivery focused with the ability to work well under pressure and meet deadlines under compressed timescale
- Organizational skills, multitasking and detail oriented
- Strong communication abilities to work with stakeholders
- Problem-solving and analytical thinking
- Project management capabilities
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 the 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
- Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
- base pay offere