Business Unit Overview:
Credit Risk Management (CRM) is an independent risk oversight function, reporting to the Global Chief Risk Officer (CRO). Its mandate is to manage the risk of loss arising from an obligor or counterparty s default, insolvency or administrative proceeding, which results in the obligor s failure to meet its contractual obligations in accordance with agreed terms.
The process for managing credit risk at Nomura includes:
- Evaluation of likelihood that a counterparty defaults on its payments and obligations;
- Assignment of internal ratings to all active counterparties;
- Approval of extensions of credit and establishment of credit limits;
- Measurement, monitoring and management of Nomura s current and potential future credit exposures;
- Setting credit terms in legal documentation, including margin terms; and
- Use of appropriate credit risk mitigants, including netting, collateral and hedging
Position Specifications:
As a credit Analyst, you will be responsible for managing portfolio of EMEA/AEJ based Hedge Funds and Private Equity Funds. In this role you will be responsible for managing all aspects of the portfolio, including Ratings, Limits and exposure monitoring, monitoring early warning indicators, stress testing etc. In addition, you will support the build out of specialized data analytics and portfolio tools and actively participate in the risk monitoring of the portfolio. The position requires you to frequently interact with Clients, Traders, Operations, Legal and other teams in Risk Management, and where necessary escalate credit concerns to senior management.
Corporate Title
Associate
Functional Title
Associate
Experience
4 6 years
Qualification
Chartered Accountant (Rank holder or 1st Attempt pass) or PGDM/MBA
from toptier Colleges. Additional qualification like CFA/FRM is preferable
Role & Responsibilities:
Credit Officer s responsibility for a portfolio of Counterparties within the global Hedge Fund team, primarily includes coverage for Hedge Funds (HF) and Private Equity Fund (PE).
Daily responsibilities include:
- Undertake Due Diligence (DD) calls with clients. Collect credit information necessary for conducting detailed credit analysis.
- Conduct indepth credit research and credit analysis and write high quality Credit Memos, to assign internal credit rating, appetite and margin tiers for clients.
- Prescribe credit terms and covenants for legal documents.
- Analyze and support trade approvals by liaising with the Financing Risk team and obtain Independent Amount (IA) or Initial Margin numbers for such trades.
- Investigate credit limit breaches by speaking to Sales, Operations and Credit Risk Analytics team, determine the cause and escalate as per Credit Policies.
- Design automated reports and implement process workflows for the Hedge Funds team to assist in the monitoring of this specialized portfolio, including highlighting hedge fund clients with elevated levels of risks based on client information (risk/ performance), market indicators, early warning indicators and credit exposure.
- Build data processes and implement models in Python/ Alteryx to minimize manual effort and enable analysts to effectively and efficiently manage their portfolios.
- Monitor the portfolio by reviewing and updating NAV and Performance data for Hedge Funds on a monthly basis. Follow up with HF Managers and flag any clients with deteriorating NAV/Performance metrics
- Contribute to the firm s Risk Change agenda and participate in regulatory and audit assessments.
Participating in global projects and initiatives for example: the development of scorecards, preparing
credit updates for senior management, suggesting system and process improvements via automation, participating in Global Sector Forums etc.
Requirements:
Mandatory
Professional degree holders such as CAs (Rank holder or 1st Attempt pass), MBAs from reputed institutes or CFA. Other post graduate degrees will be acceptable, if accompanied by relevant CRM experience
46 years prior experience in CRM or Rating assignments, working in any sector. Prior experience in the Hedge Fund Analysis will be an added advantage
Excellent verbal and written communication skills, especially report writing skills and the ability to independently lead global calls
Strong analytical ability, with an eye for detail and the ability to identify emerging risks
The ability to be a selfstarter , have proactive approach to resolving issues and the willingness to learn
Proficiency in Microsoft Word, Excel and PowerPoint is a must, any additional technical knowledge will be an added advantage
Desired
Prior experience in managing a Hedge Funds portfolio
Experience in appetite setting, limit setting and monitoring, setting legal documentation terms
Strong coding skills in Python, SQL, VBA, Alteryx, Power BI
Good understanding of products traded by Investment Banks, legal agreements etc.
