Market Risk Manager (Structured Rates)

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 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.

Role description:

• Daily aggregation, validation, and monitoring of risk.
• Regular reporting of risk positions, limit breaches, and stress testing results for firm management and regulatory compliance.
• Identification and investigation of changes to risk profile, including analysis of VaR and stress drivers.
• Communication of findings to management.
• Working with the front office to understand and address breaches as necessary.
• Reviewing new transaction requests, identifying and assessing the key risk issues, including capital impacts.
• Developing a good understanding of risk systems and help to drive improvements where necessary.
• Ad hoc risk-related projects and infrastructure building.
• Keeping abreast of relevant market events and drivers.

Key objectives critical to success:

• Diligence/attention to detail and strong analytical skills to recognize/investigate significant changes in risk.
• Strong communication skills to make management aware of said changes and new positions as they arise.
• Good prioritization skills and a strong work ethic to see each task assigned done thoroughly and correctly.

Skills, experience, qualifications and knowledge required:

• Master's degree in Applied Mathematics, Financial Mathematics, or related quantitative field, or the equivalent work experience.
• Familiarity with structured rate products and their risk profiles, including understanding of Greeks and impact on VaR.
• Strong proficiency with Excel.
• Strong communication skills.
• Relevant experience in a risk or control related function in financial services institution.
• Detailed and process orientated.
• Takes initiative and is proactive.

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.