Job Title:  Counterparty Credit Risk - Financial Institutions Analyst (Associate level)

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:

The Risk Management Department at Nomura is broadly organised according to the main risk classes; Credit Risk Management, Market Risk Management, Operational Risk Management and New Products/Business.

The Risk Management team works to provide a firm wide capital management framework, which takes into account the availability and cost of capital, its effective utilization within and across business lines and the overall capital adequacy of the firm. Risk Management's key activities include ensuring transparency and effectively managing market, credit, liquidity, concentration and tail risk within the risk appetite of the firm and monitoring the effectiveness of capital utilization through the use of limit structures, with an emphasis on stress testing and risk adjusted returns on capital efficiency measures.

As part of the substitutive global Book of Work covering both regulatory and incremental business change there is a requirement for a strong delivery focused business analyst to work across a number of initiatives on a global basis.

Job Description/Responsibilities:

This role will sit in the EMEA Financial Institutions and Regulated Funds Credit Team. It will ultimately report to the Head of EMEA Financial Institutions and Regulated Funds Credit Team.

The Credit Officer would be responsible for the coverage of a portfolio of Financial Institution counterparties.

• Primary responsibilities for this role would be:

• Credit Risk Analysis, both quantitative and qualitative, across Banks, Brokers, Insurers, 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
• Analysing economic, market, regulatory, industry events/developments and assessing their impact on the portfolio. Reporting any relevant events to the EMEA Head of Financial Institutions and Reg. Funds and other relevant senior risk management
• Managing counterparty risk exposure, including transaction assessment and trade approval with a focus on Derivative and Securities Financing 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 counterparty 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
• Analysing and interpreting the stress testing results and take actions as appropriate at counterparty, country and/or industry level
• 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:

• Credit Risk experience covering Banks, Brokers, Insurers and other Financial Institutions
• Strong familiarity with financial statement analysis and credit risk metrics
• Sound understanding of OTC and SFT derivative products
• Understanding of legal documentation (ISDA /CSA, GMRA, GMSLA)
• 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

Nomura competencies

Trusted Partner

• Understand clients’ needs and issues, and respond with high-quality proposals
• Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner

Entrepreneurial leadership

• Produce new ideas that might challenge the status-quo or oneself

Teamwork Collaboration

• Seek advice from senior colleagues and utilize it for improved results
• Collaborate with members from relevant departments

Influence

• Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
• Serve as role model and provide guidance to junior employees

Integrity

• Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly

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

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.

Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment.  A member of staff will be happy to help.

Nomura is an Equal Opportunity Employer