XVA Market Risk Manager (Associate/Vice President) - #2080968

Job title:                   XVA Market Risk Manager (Associate/Vice President)

Corporate Title:       Associate/Vice President 

Department:             Risk

Location:                  Frankfurt/Milan/Paris

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:

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:

• Support senior risk managers covering Nomura’s Trading business in the EU, primary focused on CVA and FVA Market Risk.
• Review of the desks exposures as they relate to Basel 2.5, Basel 3 and economic measures and sign-off on legal entity level daily values.
• Review of market exposures to ensure entity remains within trading limits.
• Develop and produce internal and external risk reports which meet German regulatory requirements and assist with ad-hoc requests from German regulators.
• Work alongside existing Market Risk Infrastructure team in London and India to ensure appropriate governance and controls are applied to market risk within the entity.
• Run stress scenarios on trading positions used by senior management to gauge the risks of the portfolio.
• Support regulatory projects such as CRR/FRTB and lead on local implementation
• Participate in the review of infrastructure projects to enhance risk management systems.
• Perform scenario analysis on trades to determine whether they are within the entity risk appetite.
• Review risk measures to ensure accuracy of the risk produced by analytic systems.
• Be part of the global XVA market risk management team and support the regional and global activities.

Skills, experience, qualifications and knowledge required

• Experience of complying with European regulations (preferably relating to Risk) in a financial institution
• Previous experience working for a financial services firm preferably in market risk management or trading.
• Knowledge of XVA market risk 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).
• Detail oriented
• Programming skills are a plus but not absolutely required.
• Ability to work independently.

Nomura competencies

Trusted Partner

• Understand clients’ needs and issues, and provide solutions utilizing Nomura Group company’s resources, earn the clients’ trust
• Acquire a wide range of knowledge as an employee of Nomura, instead of focusing only on one’s own area of expertise; play a part in improving the company’s services level and corporate value

Entrepreneurial leadership

• Take on new challenges for improvement and cultivate a corporate culture of challenge by driving change in business operations

Teamwork & Collaboration

• Ensure views are not biased, accept different opinions and perspectives, and collaborate with other members to create common values 

Influence

• Provide appropriate guidance to others and act in a manner that places emphasis on the performance and growth of the organization 

Integrity 

• Improve further the understanding and awareness of corporate philosophy, professional ethics, compliance risk management, and code of conduct, and make decisions and take actions from a management position

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.

Nomura is an Equal Opportunity Employer