Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm practices disciplined entrepreneurship while building on a long tradition of serving clients with creative solutions and considered thought leadership.
The management of market risk is a key business priority for Nomura and is vital to the successful delivery of the firm's strategy. The AeJ Market Risk team has responsibility for the development and execution of market risk management framework for the region, including:
•Developing the market risk strategy and governance framework in line with the global market risk management and regulatory framework
•Establishing a set of market risk services to support the business areas' management of market risk
•Developing the tools and templates to allow the effective collection, review and use of market risk information
•Through a team of market risk managers, effectively working with different stakeholders across the business to embed a market risk culture throughout the organisation
•Supporting the senior management in risk management department in performing their responsibilities
The market risk management function in Hong Kong covers a wide range of strategies and products in the credit and equities world, from capital markets and lending to cash and derivative trading to a range of bespoke derivative and financing solutions.
Market risk management is looking to hire a Market Risk Manager (Vice President) to participate in covering Hong Kong based business in Credit Trading. The risk manager will also be responsible for overseeing day to day market risk management governance processes and covering any relevant regulatory or legal entities oversight. The successful candidate will gain experience across all aspects of credit trading business from flow bond/CDS trading to structured credit products, flow and structured financing business to debt capital markets and lending related practices.
•Daily review of key market news and positions taken and key changes
•Devise risk control framework suitable for Front Office strategy and product range to ensure risk taking is aligned with the firm's risk appetite and policies.
•Liaise regularly with Front Office trading and structuring in the implementation of risk controls and ensure that issues identified (limit breach, incomplete or inadequate risk monitoring, system problems) are addressed in timely manner.
•Produce regular risk report and limits reports timely to trading, senior management and regulatory stakeholders
•Conduct scenario analysis and review portfolio concentrations and implement necessary risk control frameworks.
•Ensure VAR and capital components are reviewed and signed off daily.
•Review of stress test scenarios, results and analysis of key drivers
•Review new product and transactions from a market risk point of view and provide opinion to management.
•Review any market risk regulatory reporting and stress testing submitted to regulators
•Work with stakeholders on firm wide risk projects eg. FRTB and VAR system development in terms of design and testing.
•Work closely and manage relationships with groups outside of Market Risk, such as Credit Risk, Research, Quantitative Research, Finance, Middle Office, Market Risk Technology, Regulatory, and Internal Audit.
Key Experience & Skills
•At least 6-7 years’ experience in market risk or related function
•Bachelor or Post graduate degree in a quantitative field or accountancy preferred
•Good understanding of Credit and Fixed income products
•Knowledgeable about developed and Asian emerging markets in general
•Good understanding of market risk processes (eg. VAR, limits, stress testing)
•Proficiency in Excel, VBA or other programming languages
•Chinese language skills are beneficial
•Ability to work autonomously and willingness to get involved and take responsibility for area covered
•Strong analytical, communication and independent problem solving skills and able to deliver under tight deadlines.
•Energetic, independent with aptitude to learn and improve processes.
•Strong team player who can interact and work well with front office, senior risk managers and other control functions
Regional Disclaimers / 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.