RSK-Credit Risk

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

Daily responsibilities include:

• Undertake Due Diligence (DD) calls with clients. Collect credit information necessary for conducting detailed credit analysis.

• Conduct in-depth 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.