Job Title:  Asset-Based Opportunistic Private Credit Investor - Vice President

Corporate Title: Vice President

Department: Nomura Capital Management (NCM)

Location: New York, NY (Hybrid)

The base pay range for this position at commencement of employment is expected to be between $225K - $300K/yr*

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

As part of its efforts to expand its investment management business in the Americas and enhance its overall offering, Nomura Holding America Inc. has established a new business line – Nomura Capital Management (NCM). NCM will focus on providing RIAs and their clients with access to private markets.  The first strategy brought to market provides diversified exposure to private credit sectors through a closed-end interval fund structure. The second fund launched is a private credit drawdown strategy.  Additional products/strategies will be developed in other private markets such as real estate, infrastructure, private equity or venture capital (e.g., potentially including non-traded REIT/BDCs, open/closed-end private funds or similar structures).

Overview of Position

Nomura Capital Management (NCM) is seeking to recruit a seasoned execution vice president to work on the Opportunistic Private Credit Team with a real estate focus.  The candidate will play a critical role in managing deal execution and working closely with senior leadership to deploy capital effectively.  The Opportunistic Private Credit Team invests capital out of two vehicles, an interval fund and a private credit draw down fund, on behalf of 3rd party clients.  The funds have an asset-based focus, of which real estate (both commercial and residential) is a significant component.  The initial focus will be executing transactions on behalf of both funds. 

As the business grows, it is envisioned the experienced vice president’s role will also encompass sourcing and origination.  The experienced execution vice president will have 6-10 years of credit experience across residential, commercial real estate, and structured credit.  Prior experience should include securitized products such as RMBS and CMBS, as well as whole loans, B notes and Mezz.  The ideal candidate will be results oriented, data-driven and committed to generating strong risk-adjusted returns for our investors.  In addition, the candidate will need to be able to succinctly articulate his/her ideas both internally and externally with borrowers, lawyers, advisors etc. to be successful at driving outcomes.       

Responsibilities

The successful candidate will have a demonstrated track record investing across a variety of real estate private credit instruments (mortgages, whole loans, CMBS, Mezz).  In addition, familiarity with other commercial and consumer asset-based sectors is helpful.  This candidate will leverage their prior experience, network and the broader NCM and Nomura organizations to deploy capital in a consistent, methodical way to generate superior risk adjusted returns.  Responsibilities include but are not limited to:

• Perform fundamental credit analysis to structure and underwrite asset-based investment opportunities on behalf of a private credit draw down fund and interval fund independently and in conjunction with investment partners. 

• Oversee deal structuring and execution, coordinating with internal and external counterparties. 

• Ability to manage multiple investment processes with junior resources in parallel to drive results.

• Ability to execute internally originated transactions as well as co-investments from other investment partners.    

• Management, development, and mentorship of junior resources.

• Maintain a pipeline of actionable ideas and emerging themes as the opportunity set continuously evolves. 

• Prepare investment memoranda and related documentation for Investment Committee and monitoring post execution.  

• Manage investments post-closing and develop roadmap to harvest investments over time.  Be the first line of defense for continuous credit quality monitoring.     

Qualifications

• 6-10 years of relevant credit experience investing in real estate credit investments.

• A deep knowledge of the credit market, with a passion for the market and ability to speak intelligently and commercially. 

• A detail-oriented, self-starter who is results-oriented.

• An individual who thrives in a fast-paced environment and works with a sense of urgency while never compromising on diligence. 

• An individual who has a demonstrated track record of execution.

• Strong analytical capabilities and a high degree of investment acumen.

• Strong attention to detail with a repeatable investment process.

• Uncompromised integrity and honesty.

• Someone who will operate as a true fiduciary on behalf of clients.

• Collaborative with interpersonal skills necessary to interact effectively with cross-functional teams such as legal, operations and tax. 

• Comfortable and excited to operate in an entrepreneurial culture and contribute to the scaling of a business unit within a broader organization. 

• Strong academic credentials.

*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