Front Office Risk Manager - VP/ED
At a glance
VP-level Risk & Financial Compliance role at Nomura Holdings. New York · $225,000–$260,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Track major market and counterparty exposures across US Global Markets, surfacing concerns for senior decisions
- Review desk and counterparty positions, market moves, and performance drivers to explain the biggest risks
- Use stress tests, concentration and liquidity reviews, P&L attribution, and VaR to assess exposures and recommend action
- Question traders and other risk-takers when their positions or risk profile warrant a closer look
- Advance the risk platform through improved scenario analysis, tools, and methods for assessing risk
What you bring
- For VP, five to seven years in financial markets across trading, risk management, or a related quantitative area
- For ED, at least ten years in financial markets across trading, risk management, or a related quantitative area
- Strong quantitative problem-solving, with working knowledge of statistics and financial models
- Clear written and verbal communication, including the ability to explain complex risks to senior leaders
Who this fits
This senior role suits someone comfortable assessing risk across trading products and working directly with desks and control partners. At ED level, you’ll also need to set direction and manage or direct others. A quantitative graduate degree is preferred; programming and equity derivatives experience are desirable.
From the employer
The pay range for this position at commencement of employment is expected to be between $225,000 and $260,000 per annum* (see below footnote for additional compensation and benefits information).
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
Front Office Risk is responsible for implementation of effective First Line of Defense Economic Risk Management within Wholesale. The team covers economic risk of all Global Markets business in the region; Flow and Structured Rates (including Agency Mortgages), Equity Products, and Securitized Product.
Role Description
Front Office Risk Management is looking to hire a senior level professional to join the team covering the US business.
The Risk Manager will need to oversee all significant financials risks (notably Market and Counterparty) across all products as well as leading and executing on key enhancements to our risk platform. In particular, the role will require quantitative and qualitative analysis on material positions and risk; working closely with Trading Desks and other stakeholders in evaluating and making decisions on these risks.
Key responsibilities include:
• Play a leading role in ensuring all key risks in US Global Markets business lines are identified, assessed, quantified where possible, monitored, and escalated where needed for senior decisions
• Monitor and review risk profiles, market activity and key flashpoints in Trading Desk and Counterparty portfolios. Understand and articulate the most significant risks and the factors driving performance.
• Conduct regular analysis using techniques like Stress testing, Concentration/ Liquidity assessment, P&L Attribution, VaR, etc and produce appropriate assessments and recommendations
• Where necessary, challenge Traders and Risk-takers around the risk profile and positions
• Play a leading role in driving the development of our risk platform including stress/scenario analysis, risk tools and new approaches to analyzing risk
• Work closely and communicate effectively with the team, Corporate Risk, Traders, Global Markets management and Corporate control functions
Skills, experience, qualifications and knowledge required:
• Strong problem-solving and quantitative skills + good knowledge of statistics and financial models
• Self-starter, extremely proactive, very detailed, can-do approach, intellectually inquisitive
• At ED level, Leadership skills able to create and work to a clear plan/target state and manage/direct others
• Strong team player with a very positive attitude and exemplary work ethic
• Excellent verbal and written communication skills.
• Detail-oriented problem-solving approach with strong desire to get things done
• Very execution oriented
• Strong quantitative and analytical mindset, with the ability to perform ad-hoc analysis on the fly.
Vice President
- 5-7 years of Financial Markets experience in Trading, Risk Management or related quantitative areas
- Preferably Graduate degree in quantitative field
Executive Director
• 10+ years of Financial Markets experience in Trading, Risk Management or related quantitative areas
• Preferably Graduate degree in quantitative field
• Programming skills desirable such as VBA, Python, MatLab, encouraged.
• Ability to dissect complex risks into easily addressable frameworks and communicate with senior management
• Equity Derivatives risk or trading experience desirable
*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.
Nomura is an Equal Opportunity Employer