Associate/VP - Front Office Risk, Global Markets - Hong Kong

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Nomura Asia
  • 18 Sep 17

Nomura’s Front Office Risk team covers various gamut of Risk and capital Management activities for the Global Markets business globally. The team works directly with Heads of global markets (Global and regionally) with the Powai team reporting into the Global head of FO Risk based in Tokyo.

Nomura Overview

Nomura is an Asia-headquartered 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. For further information about Nomura, visit www.nomura.com.

Department Overview

Nomura’s Front Office Risk team covers various gamut of Risk and capital Management activities for the Global Markets business globally. The team works directly with Heads of global markets (Global and regionally) with the Powai team reporting into the Global head of FO Risk based in Tokyo. Team roles can be divided into three main categories:

  • Front Office Risk tasks including daily analysis of GM risks and PnL and identifying potentially toxic risks and PnL drivers. This also includes stop loss management for all GM traders and working with them for any risk reductions required in line with the stop loss policy.
  • Capital Analysis and Planning: To analyse the regulatory capital requirement changes on a regular basis and identifying drivers of capital changes. Team also looks at developing potential trades to mitigate capital increases.
  • GM Representation for special projects: Team represents global markets within various committees for new regulatory projects like BCBS239 and FRTB. It includes communicating GM requirements from these projects and ensuring they are fulfilled.

Responsibilities

  • Will work closely with the AEJ head of Front Office Risk who is based in Singapore. The focus will be on Equity and Credit Businesses within AEJ GM.
  • Will work closely with Business’s and Desks’ heads in Hong Kong and help them with Risk Monitoring by highlighting any risk issues (risk concentration, high limits usages, potential new risks, etc.)
  • Looking at risk taking in those desks and talking to traders as well as the Risk Managers and any relevant team to understand the trader trading strategy, the market flows and moves as well as the present and future impact of such risk on GM pnl.
  • Identifying new potential risk based on what is happening in the economy or coming from our product flows.
  • Understanding how the new regulation could affect GM business and propose solution to mitigate it.
  • Stop loss management for AEJ traders and working with them for any risk reductions required in line with the stop loss policy
  • Will work on any new regulation related to risk and be the liaison between the different trading desks in HK and the global teams working on implementing and planning the upcoming regulations like FRTB.

Requirements

  • The Person need to be technical as to be able to understand and explain the risk taken by the different GM desks and link it to the PnL of that particular desk.
  • Experience in a Trading or Risk Management role (preferably covering Equity and/or Credit Desks).  Prior trading experience, recently or in the past, would be preferred but is not a deal breaker
  • Strong analytical skills and excel skills
  • The person should have good communication skill as the job will involve a permanent interaction with the traders and all the support functions.
  • Language capability: English at Business level

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.