Credit Risk Reporting Associate

Corporate Title: Associate

Department: Risk Management

Location: New York

The pay range for this position at commencement of employment is expected to be between $95,000 and $115,000/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 solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.

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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 (in New York), and the Global Head of Credit Risk Reporting (in London). Preparing BAU and Ad-Hoc Management Information for; the Business, Senior Management, Risk Management and Regulators in both a global and regional capacity.

• Creating and managing key reporting requirements for exposure and operational metrics using external and internal tools
• Preparing committee materials
• Implementation of cutting edge reporting systems that have recently been embedded
• Process optimisation, working closely with change management and IT
• Global Role with a focus on internal and regulatory regional reporting requirements for the Nomura Global Financial Products and Nomura Securities International
• Working closely with the wider credit risk function and coordinating with a global team to ensure consistency

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Skills, experience, qualifications and knowledge required:

Seeking a proactive and hard-working and flexible individual with:

• Professional experience using in Microsoft packages including SQL and Power BI. Additional experience using Python and reporting tools such as SAP Business Objects is preferable;
• Risk Management experience in a Financial Institution;
• Undergraduate degree;
• Knowledge of Credit Risk fundamentals and Credit Risk Exposure Metrics.

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.

Nomura is an Equal Opportunity Employer