Securitized Products Specialist

Corporate Title: Senior Associate

Department: Finance - Independent Product Valuations

The pay range for this position at commencement of employment is expected to be between $130K and 150K/year*

 

Company overview

 

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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.

 

Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors

 

Department Overview:

The Independent Product Valuations (IPV) Group within the Finance department is primarily responsible for ensuring the appropriate mark to market of trading positions on the firm’s books and records.  The group sets independent pricing and valuation adjustment policies, executes and generates results, then communicates the results with various stakeholders to remediate and prevent issues on an ongoing basis.  The team interacts closely with other parts of the firm including Trading, Risk Management, Model Validation and Product Control.

 

Role Description / Areas of responsibility:

• Full-time Securitized Products Specialist position in the Independent Product Valuations Group (IPV)
• As an integral part of the IPV team, the Securitized Products Specialist will work to independently verify desk prices for an extensive array of cash products, with a concentration in non-agency RMBS. Products include RMBS, Whole Loans and Agency products
• Primary responsibilities include month-end testing and review of positions; building and modifying existing tools for pricing, reviewing new deals, improving existing methodologies and implementing new ones as well as ad hoc pricing projects.  The candidate will also liaise with senior management, trading, risk, product control, model validation and other internal and external stakeholders
• Additional duties involve preparing a monthly summary report for senior management and conducting monthly valuation meetings where this information is presented. The role will also involve in-depth research of certain highly technical subjects relevant to supporting the trading business
   

Key contribution areas critical to success:

• Transformational and creative mind-set, with a target focus on challenging the status quo from the standpoint of both the way the positions are analyzed and how the results are presented
• Entrepreneurial spirit and desire to become a business area expert/owner
• Ability and willingness to work closely in a team environment
• Attention to detail; ability to deliver high-quality work under time constraints

 

Skills, experience, qualifications and knowledge required

• 2+ years of direct experience with securitized products
• In depth knowledge of Securitized Products pricing with a strong understanding of pricing methodologies for these positions
• Familiarity with concepts related to arriving at fair value for less liquid instruments
• Quantitative and intuitive thinking, analytical skills, attention to detail and effective communication are vital to this role
• Bachelor’s Degree in a quantitative field
• Knowledge of Programming, Alteryx, PowerBI and/or other data science, analytics, business intelligence solutions

 

 

Applicants for this position in the Finance Division of NHA must be currently authorized to work for any employer in the United States. The Finance Division is not sponsoring or taking over sponsorship of employment visas for this position at this time.

 

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time,