Credit Risk Exposure Manager (Associate)

Nomura Greentech; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A global financial services company in London seeks a Credit Risk Exposure Manager to support risk management for Hedge Funds. The role involves quantitative analysis, client portfolio monitoring, and margin methodology development. Candidates should possess strong communication skills, in-depth knowledge of asset classes, and advanced Excel proficiency. The position offers opportunities for professional development in a dynamic environment.

Qualifications

• Experience in Prime Brokerage, Market Risk, or Exposure Management is desirable.
• Previous experience in fixed income derivatives and cash products is useful.

Responsibilities

• Provide quantitative support to Credit Risk management Team focused on Hedge Funds.
• Monitor & analyze client portfolios regarding credit exposures and risk profiles.
• Participate in margin methodology development and enhance existing models.
• Manage risks via relevant portfolio analysis using credit risk metrics.
• Understand regulations affecting Regulatory Credit Risk Exposure calculations.
• Automate and standardize risk management processes for improved efficiency.

Skills

Broad knowledge of asset classes and derivatives

Excellent Presentation and communication skills

Appreciation of client business and motivations

MS Excel to expert level

Good understanding of current macro-economic trends

Ability to work independently

Education

Financial Education, e.g. CFA, MBA

Tools

VBA

SQL

Python

Job description

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Job Code: 11268

Country: GB

City: London

Skill Category: Risk

Overview

Job title: Credit Risk Exposure Manager

Corporate Title: Associate

Department: Risk Management

Location: London

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

Nomura’s Credit Risk Exposure Management team is responsible for the quantification, risk management and mitigation of contingent counterparty risks arising from the bank’s financing and derivative portfolios. The team manages collateral and contingent risk across all businesses and asset classes. The team provides IA requirements and quantifies exposure under the bottom up stress loss metric for OTC derivatives and SFT trading with Hedge Funds and other counterparties. The function sits within the Credit Risk department, however, the team works very closely with Front Office and Market risk to ensure that the bank’s exposures to its counterparties are within firm risk appetite.

In addition, the team is the responsible owner for the ‘Potential Exposure’ model and advises Credit Risk Management on all metric related matters including the Bottom-up Stress metric.

Role description

The primary focus will be providing quantitative support to Credit Risk management Team with a primary focus on the Hedge Funds business. Specifically, the responsibilities include:

• Client pre-trade risk analysis of financing and OTC trades to support approval decisions; this includes providing IA amounts for OTC transactions, haircuts for SFT transactions and calculating impact of new trades on Stress Loss limit utilization for Hedge Funds.
• Monitor & analyse client portfolios in terms of credit exposures (CE, PE, EE, etc.), risk profiles and margin levels and provide commentary on the drivers for the risk exposure and daily moves
• Participate in margin methodology development, enhancement of existing margin models and their documentation
• Manage risks for the firm’s portfolio of collateralized transactions through relevant portfolio analysis using different parameters such as credit risk metrics, VaR, stress & liquidation scenarios, etc. and its reporting.
• Understand the rules & regulations of various regulatory bodies (such as JFSA, PRA, BaFin, and SEC) applicable for Regulatory Credit Risk Exposure & Capital calculations and ensure its correct implementation for the trade portfolios.
• Work with various risk managers and other stakeholders to address their requests for additional analysis based on specific needs as they arise.
• Automate/Simplify/Standardize risk management processes wherever possible to create efficiency and focus on risk analysis & mitigation strategies

Skills, experience, qualifications and knowledge required

Essential

• Broad knowledge of a range of asset classes and their derivatives
• Excellent Presentation and communication skills
• Appreciation of client business and motivations
• MS Excel to expert level
• Good general knowledge & understanding of current macro-economic trends
• Ability to work independently, motivated to learn, and drive for success

Desirable

• Previous experience in Prime Brokerage, Market Risk, or a Exposure Management division
• Previous experience in fixed income derivatives & cash products
• Programming Skills e.g. VBA, SQL, Python etc.
• Further Financial Education e.g. CFA, MBA, etc.

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).

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex 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.

Nomura is an Equal Opportunity Employer