XVA Illiquid Credit Junior Trader XVA Illiquid Credit Junior Trader …

in London, England, United Kingdom
Permanent, Full time
Last application, 22 Feb 20
in London, England, United Kingdom
Permanent, Full time
Last application, 22 Feb 20
The Business Resource Management (BRM) team is an established team in charge of XVA trading (CVA, FVA, KVA) as well as management of financial resources and optimisation of their usage. The team is looking to hire an Associate or Vice President, based in London, who will help support its corporate derivatives business in EMEA, Americas, and Asia ex-Japan.

Company overview

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 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:

Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our franchise, client relationships and technology.

By developing strong relationships with our client base through consistent interaction, independent advice and pre-eminent access to Asia, we have built a powerful global franchise across credit, interest rates and currency products. Our client services cover both high-volume flow products and carefully tailored structured solutions. We have adapted to the changing financial landscape to build a client centric focus differentiated by innovation, electronic and service excellence and market-leading derivatives capabilities.

Role description:

  • Working closely with our investment banking, sales and structuring teams to design derivative and financing proposals suited to our corporate and private equity client needs
  • Performing fundamental credit analysis, modelling and assessing value of corporate cash flows/collateral
  • Driving risk approval and due diligence processes for new trades
  • On-going management of illiquid credit positions to ensure that credit curves are marked and documented appropriately
  • Working closely with our sales and structuring teams to distribute the counterparty credit risk to institutional clients and other banks
  • Executing trades and associated hedges
  • Assisting in the day-to-day management of the BRM Trading processes
  • Assisting in managing existing risks (operational, credit, rates, etc.) on the book

Key objectives critical to success:

  • Fluent in Derivatives across multiple asset classes: Rates, FX, Credit
  • Strong credit analysis and accounting skills
  • Capable of creating close relationships with other Sales, Structuring and Trading desks

Skills, experience, qualifications and knowledge required:

  • Previous experience in derivatives
  • CFA Charterholder or an equivalent MBA, CFA candidate, or a strong commitment to pursue the CFA program
  • Keen attention to detail, especially with regard to legal documentation, pricing, risk management
  • Independent thinker
  • Excellent written and verbal communication skills
  • Derivative risk management skills
  • Highly energetic with an entrepreneurial mind-set and the ability to assess positions and portfolios across several criteria
  • Self-starter
  • Proven ability to learn and understand new concepts
  • Willingness to go the extra-mile when required
  • Excellent prioritization and decision making skills

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.

Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment. A member of staff will be happy to help.

Nomura is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all our employees.

We 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