Front office Risk - VP

Job title:                              GM Front Office Risk                                      

Corporate Title:                 VP

Department:                      Global Markets

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

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, FX & Emerging Markets, Credit (Flow & Structured), Equity Products and Lending.

Responsibilities

Front Office Risk Management is looking to hire a mid-senior level professional to join the team covering the EMEA 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

Role Description

• Monitoring and reporting on various trading desk within EMEA GM as well as building out python code for analysis and analytics


• Ensuring all key risks in EMEA Global Markets business lines are identified, assessed, quantified where possible, monitored, and escalated where needed


• 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


• 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 within the team, Corporate Risk, Traders, Global Markets management and Corporate control functions


• Stop loss management for EMEA traders and working with them for any risk reductions required in line with the stop loss policy

Qualifications

• Strong problem-solving and quantitative skills + good knowledge of statistics and financial models


• Strong analytical skills and excel skills


• Experience writing code in Python


• Excellent verbal and written communication skills as the job will involve a permanent interaction with the traders and all the support functions


• Self-starter, extremely proactive, very detailed, can-do approach, intellectually inquisitive with strong desire to get things done

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. 

Nomura Leadership Behaviours

• 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 inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all our employees.

We 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.