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Job Title:  Credit Risk Exposure

Job Code:  11565
Country:  DE
City:  Frankfurt
Skill Category:  Risk
Description: 

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:

 

Credit Risk Management EMEA consists of around 20 London-based and 3 Frankfurt-based analysts who work in one of four areas:  Financial Institutions, Sovereigns and related entities, Hedge Funds and Corporates. The department is responsible for analysing counterparties, assigning ratings, opining on trade structures, mitigating features and analysing transactions.  We work closely with colleagues in the front office, other areas of risk and in other regions. 

 

Overview

Key objectives critical to success:

  • This role will sit in the EMEA Financial Institutions Credit Team reporting to the NFPE Head of Credit Risk locally and to the EMEA Financial Institutions team functionally.
  • The candidate would be responsible for the coverage of a EEA portfolio of counterparties across the EMEA Financial Institutions and Regulated Funds team, including:
      • 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;
      • Negotiating credit-related terms in legal documents such as ISDA/CSA, GMRA, GMSLA and other capital market related 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 EMEA Head of Financial Institution and other relevant senior risk management;
      • Managing counterparty risk exposure, including transaction assessment and trade approval within delegated authority. This includes: (i) liaising with front office personnel to understand the structure of transactions, (ii) agree on trading terms and (iii) the proposal of risk mitigating features for more structured/credit intensive transactions as well as credit terms incorporated into legal documentation.
      • Ensuring adherence to Credit Risk limits, including Single Name limits, Country limits and counterparty specific limits, escalating breaches to the NFPE and EMEA Head of Credit Risk when necessary;
      • Proactively identifying and monitoring exposure concentrations, identifying risk mitigating actions and escalating/updating to Risk senior management as appropriate;
      • Analyzing and interpreting stress testing results and take appropriate actions at counterparty, country and industry level
  • The candidate would also participate in /contribute towards credit risk projects/initiatives that help enhance the firm’s risk management framework
  • The role’s scope can be evolving over time. Suitable product training and mentoring would be provided to the new joiner

 

Skills, experience, qualifications and knowledge required

 

  • Credit Risk experience covering Banks, Broker Dealers, Insurers, Regulated Funds, Asset Managers and other Financial Institutions
  • Sound understanding of derivative, secured financing transactions (SFT's) and Cash products' across Fixed Income and Equities spaces
  • Strong familiarity with financial statement analysis and credit risk metrics
  • Prior experience in dealing with Front Office stakeholders
  • Comfortable interacting with senior management, communicating within Risk Management as well as the relevant business areas
  • Ability to be a self-starter, working without supervision and managing multiple stakeholder expectations

 

Competencies

 

  • English (written and spoken). Fluency in 1 or 2 European languages would be viewed favorably
  • Be a team player and get along well with different personality types, potentially across multiple locations
  • Ability to produce high quality credit analysis from front to end
  • Capacity to operate in fast paced and demanding business environment
  • Collaborate with different people across the organization, and leverage the diversity to contribute to the growth and profitability of Nomura as a whole organization

 

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

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

Diversity Statement

Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.

 

DISCLAIMER:  This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job.  The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time. 

 

Nomura is an Equal Opportunity Employer

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