Credit Risk Officer - Financial Institutions

Credit Risk Officer - Financial Institutions

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Corporate Title: Associate

Location: Frankfurt

Department overview: Credit Risk Management EMEA consists of around 20 London-based and 3 Frankfurt-based analysts who work in one of four areas: Financial Institutions, Sovereigns and related entities, Hedge Funds and Corporates. The department is responsible for analysing counterparties, assigning ratings, opining on trade structures, mitigating features and analysing transactions. We work closely with colleagues in the front office, other areas of risk and in other regions.

Responsibilities

• This role will sit in the EMEA Financial Institutions Credit Team reporting to the NFPE Head of Credit Risk locally and to the EMEA Financial Institutions team functionally.
• Coverage of an EEA portfolio of counterparties across the EMEA Financial Institutions and Regulated Funds team, including:
• Credit Risk Analysis, both quantitative and qualitative, across Brokers, Regulated Funds, Asset Managers and other Financial Institutions
• New client approvals, including setting credit appetite, limits and rating, performing due diligence calls/ visits;
• Negotiating credit-related terms in legal documents such as ISDA/CSA, GMRA, GMSLA and other capital market related legal documentation
• Implementing and managing credit limits in accordance with risk appetite, including adherence to the Global Credit Limit Management Policy;
• Analyzing economic, market, regulatory, industry events/developments and assessing their impact on the portfolio. Reporting any relevant events to the EMEA Head of Financial Institution and other relevant senior risk management;
• Managing counterparty risk exposure, including transaction assessment and trade approval within delegated authority. This includes: (i) liaising with front office personnel to understand the structure of transactions, (ii) agree on trading terms and (iii) the proposal of risk mitigating features for more structured/credit intensive transactions as well as credit terms incorporated into legal documentation.
• Ensuring adherence to Credit Risk limits, including Single Name limits, Country limits and counterparty specific limits, escalating breaches to the NFPE and EMEA Head of Credit Risk when necessary;
• Proactively identifying and monitoring exposure concentrations, identifying risk mitigating actions and escalating/updating to Risk senior management as appropriate;
• Analyzing and interpreting stress testing results and taking appropriate actions at counterparty, country and industry level.
• Participation in credit risk projects/initiatives that enhance the firm’s risk management framework.
• The role’s scope can evolve over time. Suitable product training and mentoring will be provided.

Qualifications

• Previous experience in Credit Risk covering Banks, Broker Dealers, Insurers, Regulated Funds, Asset Managers and other Financial Institutions.
• Sound understanding of derivative, secured financing transactions (SFT's) and Cash products across Fixed Income and Equities spaces.
• Strong familiarity with financial statement analysis and credit risk metrics.
• Prior experience in dealing with Front Office stakeholders.
• Comfortable interacting with senior management, communicating within Risk Management as well as the relevant business areas.
• Ability to be a self-starter, working without supervision and managing multiple stakeholder expectations.
• English (written and spoken) fluency; proficiency in one or two European languages is viewed favorably.
• Team player with good interpersonal skills across locations.
• Ability to produce high quality credit analysis from front to end.
• Capacity to operate in fast paced and demanding business environment.
• Collaborate with different people across the organization and leverage diversity to contribute to Nomura’s growth and profitability.

Company Values

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
• Evaluate options for resolving problems and prioritize actions or recommendations.
• Inspire team members through effective communication of ideas and motivate them to enhance productivity.
• Engage proactively in professional development and promote knowledge sharing.
• Respect DEI, foster psychological safety and cultivate a “Risk Culture” (Challenge, Escalate and Respect).

Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve, creating an inclusive environment for all employees. We welcome all applications and 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.

Nomura is an Equal Opportunity Employer.