Market Risk Manager (FX & EM) - Vice President

London, United Kingdom
Jan 26, 2023
Feb 10, 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Job title: Market Risk Manager (FX & EM) - Vice President

Department: Risk Management

Location: London

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

Department overview:

The Market Risk team is responsible for providing independent oversight of the firm's trading activities based on quantitative and qualitative analysis of all material positions and the current market environment. These findings are reported to key stakeholders within the firm. The role involves a diverse range of risk management responsibilities and provides exposure to the trading desks, other risk teams, finance, and senior management.

Role description:

This is for a experienced position covering G10 FX and Emerging Markets (rates and FX) within the EMEA Risk Management team, which involves the following responsibilities, amongst others:
  • Daily aggregation, validation, and monitoring of risk. Regular reporting of risk positions, limit breaches, and stress testing results for firm management and regulatory compliance.
  • Identification and investigation of changes to risk profile, including analysis of VaR and stress drivers. Communication of findings to management.
  • Working with the front office to understand and address breaches as necessary.
  • Reviewing new transaction requests, identifying and assessing the key risk issues, including capital impacts.
  • Developing a good understanding of risk systems and help to drive improvements where necessary.
  • Ad hoc risk-related projects and infrastructure building.
  • Keeping abreast of relevant market events and drivers.

Key objectives critical to success:
  • Diligence/attention to detail and strong analytical skills to recognize/investigate significant changes in risk
  • Strong communication skills to make management aware of said changes and new positions as they arise.
  • Good prioritization skills and a strong work ethic to see each task assigned done thoroughly and correctly.

Skills, experience, qualifications and knowledge required:

  • Master's degree in Applied Mathematics, Financial Mathematics, or related quantitative field, or the equivalent work experience
  • Familiarity with FX products and markets, and related portfolio risk profiles, including understanding of Greeks and impact on VaR.
  • Strong communication skills
  • At least 5 years' experience in a risk or control related function in financial services institution.
  • Detailed and process orientated.
  • Takes initiative and is proactive.

Nomura competencies

Culture & Conduct
  • Makes significant culture contribution
  • Sets diverse / inclusive work environment
  • Demonstrates high professional integrity
  • Actively participates in development opportunities
  • Actively leverages strengths and addresses weaknesses

Client-Centricity & Business Acumen
  • Expert in own business area, understands its market
  • Generates commercial ideas to benefit clients
  • Identifies and articulates core issues
  • Assimilates and articulates complex information
  • Develops workable recommendations

Strategy & Innovation
  • Translates divisional and firm-wide strategies into plans
  • Contributes innovative / entrepreneurial ideas
  • Builds on others' insights and turns ideas into reality
  • Knows when to decide / when to escalate
  • Recognizes and takes action when changing circumstances require new approaches
  • Adapts swiftly

Leadership & Collaboration
  • Diligently and objectively evaluates own and others' performance throughout the year
  • Identifies quality people
  • Recognizes / communicates results, successes and learnings
  • Collaborates within and across teams, involving the right people
  • Supports / challenges colleagues
  • Enables formal / informal development
  • Anticipates potential conflict, takes steps to resolve

Communication & Connectivity
  • Listens and communicates effectively at all levels
  • Moves negotiations / discussions forward
  • Gains co-operation / support for ideas
  • Grows / maintains internal / external network
  • Proactively works across teams / functions

Execution & Delivery
  • Inspires positive commitment in others
  • Keeps self / others focused on meeting goals
  • Identifies conflicting priorities and manages accordingly
  • Communicates changes to plans to relevant people
  • Maintains commitment in the face of challenges
  • Handles difficult feedback positively and constructively

Right to Work
The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

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 our 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.
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