Job Title:  Equity Derivative Valuation Lead - Vice President

The pay range for this position at commencement of employment is expected to be between $145K and $200K/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.

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

Division Overview:

The Independent Product Valuations (IPV) Group within the Finance department is primarily responsible for ensuring the appropriate mark to market of trading positions on the firm’s books and records.  The group sets independent pricing and valuation adjustment policies, executes, and generates results, then communicates the results with various stakeholders to remediate and prevent issues on an ongoing basis.  The team interacts closely with other parts of the firm including Trading, Risk Management, Model Validation, Quants and Product Control.

Business Unit Overview:

The Equity Derivative Valuation Lead will report to the Equities & Rates IPV head and have a visible role within the Finance group under the regional CFO.  The successful candidate will apply their Equity valuation expertise and mentor junior team members to enhance the existing control framework, including improving independent pricing processes, assessing potential coverage gaps, ensuring that the framework captures the economic reality of valuation risks and implementing new tools to enhance control efficiency.  Ability to work under pressure and firm timelines is essential for this role.

Role Description / Areas of responsibility:

Seeking to fill a full-time Equity Derivative team lead position in the Independent Product Valuations Group (IPV). As an integral part of the IPV team, the team lead will work to independently verify desk prices for an extensive array of Equity products including derivatives (e.g. options, TRS, Long Dated Call Spreads, baskets, structured notes, etc.)

• Primary responsibilities include month-end testing, reviewing new deals, improving existing methodologies while researching and implementing new ones, ad hoc pricing projects, calculation of month-end reserves and liaising with senior management, trading, risk, product control, model validation and other internal and external stakeholders
• Additional duties involve preparing a monthly summary report for senior management and chairing monthly valuation meetings where this information is presented. The role will also involve in-depth research of certain highly-technical subjects relevant to supporting the trading business

Key contribution areas critical to success:

• Strong leadership capabilities to manage the growing team in New York and Powai and take on new and evolving challenges
• Transformational mind-set, with a target focus on re-shaping / improving the group from both a technical product standpoint as well as an operational standpoint given the magnitude of independent data the team consumes
• Robust problem-solving skills
• Entrepreneurial spirit and desire to become a business area expert/owner
• Ability and willingness to work closely in a team environment
• Strong quantitative and financial derivative products knowledge
• Attention to detail; ability to deliver high-quality work under time constraints.

Skills, experience, qualifications and knowledge required:

• MS in a quantitative field, including but not limited to Financial Engineering & Math
• Minimum of 5 years of direct experience with derivative products is strongly preferred
• Previous hands-on experience in computer programming (preferably Python)
• Knowledge of volatility models (e.g. Black Scholes, Stochastic Vol models)
• Knowledge of Alteryx, PowerBI and/or other data science, analytics, business intelligence solutions platforms is a plus

Applicants for this position in the Finance Division of NHA must be currently authorized to work for any employer in the United States. The Finance Division is not sponsoring or taking over sponsorship of employment visas for this position at this time.

*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