Credit Risk - FI and Regulated Funds Analyst

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Job Code: 9000

Country: US

City:
New York

Skill Category:
Risk

Description:

Corporate

Title:

Associate

Department: Risk

Location: New York

The pay range for this position at commencement of employment is expected to be between $100,000 and $145,000/year*

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 soluti ons and considered thought leadership. For further information about Nomura, visit  .

Aon’s Benefit Index ® , Nomura’s benefits rank #1 amongst our competitors

Department Overview

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, rejects, or modifies them depending on the credit quality of each counter party and structure. The department also assigns internal credit ratings, and establishes and manages credit risk limits in accordance with the risk tolerance.

Job Description/Responsibilities

• This role will sit in the Americas Financial Institutions and Regulated Funds Credit Team. It will report to the Head of Americas Financial Institutions and Regulated Funds Credit Team.
• The Credit Officer would be responsible for the coverage of a portfolio of Financial Institutions and regulated funds counter parties
• Primary responsibilities for this role include:
• Credit Risk Analysis, both quantitative and qualitative, across Brokers, Regulated Funds, Asset Managers and other Financial Institutions
• New client approvals, including setting credit appetite, limits and rating, performing due diligence calls/ visits, drafting/ negotiating credit terms for legal documentation
• Implementing and managing credit limits in accordance with risk appetite, including adherence to the Global Credit Limit Management Policy
• Analyzing economic, market, regulatory, industry events/developments and assessing their impact on the portfolio. Reporting any relevant events to the Americas Head of Financial Institutions and Reg. Funds and other relevant senior risk management
• Managing counter party risk exposure, including transaction assessment and trade approval with a focus on Cash and Derivative products. This includes liaising with front office personnel, reviewing and approving new transactions and agreeing on trading terms
• Ensuring adherence to Credit Risk limits, including Single Name limits, Country limits and counter party specific limits, escalating breaches to relevant senior risk management when necessary
• Proactively identifying and monitoring exposure concentrations, identifying risk mitigating actions and escalating/updating to Risk senior management as appropriate
• Identifying, monitoring and escalating trade settlement fails and recommending appropriate risk management actions
• Analyzing and interpreting the stress testing results and take actions as appropriate at counter party, country and/or industry level

Other Responsibilities:

• Supporting the integration of Nomura’s credit risk management framework across all its legal entities
• Leading and contributing to global risk change initiatives which includes global coordination across Risk and Business colleagues geared toward internal or external / regulatory driven enhancements
• Implementing team level initiatives

Skills, Experience, Qualifications and Knowledge Required

• 3 to 5 years of Credit Risk experience covering Brokers, Regulated Funds, Asset Managers and other Financial Institutions
• Strong understanding of Cash Equity Products
• Strong familiarity with financial statement analysis and credit risk metrics
• Background in trading products in the Equities and Fixed-Income spaces
• Prior experience in dealing with…