At a Glance
- Tasks: Manage market risk by analysing trading activities and reporting findings to stakeholders.
- Company: Nomura is a global financial services group connecting markets across 30 countries since 1925.
- Benefits: Enjoy a full-time role with opportunities for growth and collaboration in a dynamic environment.
- Why this job: Gain exposure to trading desks and senior management while contributing to impactful risk management.
- Qualifications: Ideal candidates have a quantitative degree and interest in market risk or trading.
- Other info: Nomura values diversity and offers equal opportunities for all applicants.
The predicted salary is between 43200 - 72000 £ per year.
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.
Department overview: The Market Risk team is responsible for providing independent oversight of the firm’s trading activities based on quantitative and qualitative analysis of all material positions and the current market environment. These findings are reported to key stakeholders within the firm. The role involves a diverse range of risk management responsibilities and provides exposure to the trading desks, other risk teams, finance, and senior management.
- Support senior risk managers primarily covering Nomura’s Traded Credit businesses
- Assist in new transaction review processes and perform scenario and capital analysis on trades to determine whether they are within the firms risk appetite.
- Review of the desks exposures as they relate to VaR, SVaR and IRC; and sign-off on daily values
- Review of risk exposures to ensure desks are within trading limits.
- Develop and produce risk reports used by senior management, as well as prototype reports to be handed over to the risk reporting team.
- Run stress scenarios on trading positions used by senior management to gauge the risks of the portfolio
- Review risk measures to ensure accuracy of the risk produced by analytic systems
- Participate in the review of infrastructure projects to enhance risk management systems, including FRTB
Skills, experience, qualifications and knowledge required:
- Experience working for a financial services firm preferably in market risk management or trading
- Knowledge and genuine interest in traded credit markets or a similar asset class.
- Strong communications skills are necessary as the person will engage with a large number of groups on a daily basis (traders, mid-office support, product controllers, IT, risk analytics)
- Quantitative degree (Mathematics, Statistics, Physics, Economics, Engineering) preferred but not essential
- Detail oriented
- Programming skills are a plus but not absolutely required
- Ability to work independently
- Understand clients’ needs and issues, and respond with high-quality proposals
- Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner
- Produce new ideas that might challenge the status-quo or oneself
- Seek advice from senior colleagues and utilize it for improved results
- Collaborate with members from relevant departments
- Influence
- Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
- Serve as role model and provide guidance to junior employees
- Integrity
- Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly
Diversity Statement: Nomura is committed to an employment policy of equal opportunities and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender 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.
Right to Work: The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.
Market Risk Manager (Associate) employer: Nomura
Contact Detail:
Nomura Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Manager (Associate)
✨Tip Number 1
Familiarise yourself with Nomura's business divisions and their approach to market risk management. Understanding how they connect markets East & West will help you articulate your interest in the role and demonstrate your alignment with their corporate philosophy.
✨Tip Number 2
Network with professionals in the financial services sector, particularly those involved in market risk management. Engaging with current or former employees can provide valuable insights into the company culture and expectations for the Market Risk Manager role.
✨Tip Number 3
Stay updated on current trends and developments in traded credit markets. Being knowledgeable about recent market movements and regulatory changes will not only enhance your discussions during interviews but also show your genuine interest in the asset class.
✨Tip Number 4
Prepare to discuss your quantitative skills and any relevant programming experience. Even if programming isn't a strict requirement, showcasing your analytical abilities and willingness to learn can set you apart from other candidates.
We think you need these skills to ace Market Risk Manager (Associate)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in market risk management or trading. Use specific examples that demonstrate your quantitative skills and understanding of traded credit markets.
Craft a Compelling Cover Letter: In your cover letter, express your genuine interest in the Market Risk Manager role at Nomura. Discuss how your background aligns with their needs and mention any specific projects or experiences that showcase your ability to contribute effectively.
Highlight Communication Skills: Since the role involves engaging with various teams, emphasise your strong communication skills in both your CV and cover letter. Provide examples of how you've successfully collaborated with different departments in previous roles.
Showcase Problem-Solving Abilities: Demonstrate your ability to produce new ideas and challenge the status quo. Include instances where you identified issues and proposed effective solutions, particularly in risk management contexts.
How to prepare for a job interview at Nomura
✨Understand Market Risk Fundamentals
Before the interview, brush up on your knowledge of market risk management principles. Be prepared to discuss concepts like Value at Risk (VaR), Stress Testing, and how they apply to trading activities. This will show your genuine interest in the role and your understanding of the key responsibilities.
✨Demonstrate Strong Communication Skills
Since the role involves engaging with various teams, practice articulating your thoughts clearly and concisely. Prepare examples of how you've effectively communicated complex information in previous roles, as this will highlight your ability to collaborate with traders, finance, and senior management.
✨Showcase Your Analytical Skills
Be ready to discuss your experience with quantitative analysis and any relevant programming skills. If you have worked on scenario analysis or capital analysis in the past, share those experiences. This will demonstrate your capability to handle the analytical demands of the position.
✨Prepare Questions for Your Interviewers
Think of insightful questions to ask your interviewers about the team dynamics, current challenges in market risk, or the tools they use for risk reporting. This not only shows your enthusiasm for the role but also your proactive approach to understanding the company's operations.