CVA Risk Manager

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Nomura
  • 08 Jan 18 2018-01-08

Risk Manager for the CVA desk you are setting risk appetite, review new transactions including capital analysis, and providing portfolio analysis, stress testing, monitoring and reporting.

Department overview:

Risk Management at Nomura is a pivotal player in the future growth (and control) of the firm. Where we differ from other risk management functions at many other banks is that we interact frequently with the business units (front office) in not just a control capacity, but as a partner in their business. We also offer the opportunity to see the full picture, in that you will be involved in the risk process from start to finish. We offer responsibility for one or more front office desks which will allow you to fully understand their risk and risk appetite. Knowledge is shared within the group therefore allowing you to gain useful information about other asset classes we trade.

Role description:

  • As a Risk Manager for the CVA desk you are setting risk appetite, review new transactions including capital analysis, and providing portfolio analysis, stress testing, monitoring and reporting. You are also a pivotal player in change management, e.g. with regards to regulatory change like FRTB. Your responsibility further includes the coverage of other XVA activity and has a global angle in addition to the core EMEA focus. You are managing resources onshore and offshore.

Key objectives critical to success:

  • Establish yourself as the expert and go to person for the business covered; interfacing with all other related functions such as Front Office, Credit, Finance, Risk Methodology
  • Pro-actively work with the front office and senior management and offer analysis and reliable judgement
  • Facilitate business activity while maintaining independent scrutiny
  • Ensure appropriate risk measures and limits are in place
  • Work with the appropriate teams to ensure accurate risk reporting and stress testing is in place
  • Put your expertise to work to deliver on change activity

Skills, experience, qualifications and knowledge required

  • Detailed understanding of CVA and other XVAs conceptually and practically
  • Experience with traded credit markets and instruments
  • Extensive knowledge of pricing and risk management
  • Knowledge of risk management methodologies (e.g. VaR, Risk Capital, Stress Testing)
  • At least 6 years of relevant work experience
  • Strong system skills, particularly Excel/VB
  • University degree with a quantitative subject. Postgraduate degree or relevant professional qualifications (eg CFA, FRM & CQF) preferable.
  • Team player, enthusiastic, strong communication and influencing skills, business confident, ability to work autonomously and ability to recognise when to implement recommendations or escalate issues