Junior Trader

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.

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Job Description

The successful candidate will be an integral member of the Structured Credit business within Global Markets at Nomura Americas. The Structured Credit team has a primary focus in Latin America, with clients consisting of financial institutions, banks, hedge funds, corporate clients and investors. Products that we trade include bespoke repos and collateralized financing structures, correlated repos, repo-to-maturity, insurance contracts, CLNs, local currency notes and derivatives hedges to corporate clients.

Candidates will initially be responsible for daily approval of collateral reports, marking of various credit curves and Latin America rates curves, sending daily PnL estimates and managing risk/rebalancing hedges. Candidates will also be instrumental in all aspects of the deal process from initial structuring, preparation of termsheets/transaction documents, pricing, hedging and continued risk management of the transactions.

Responsibilities

• Manage the risk of derivatives portfolio and reconcile daily PnL explain/risk report. Take the initiative to identify potential issues for review and risks to hedge/rebalance.
• Ensure all positions are properly booked and reflected in the risk systems
• Frequent maintenance of market data including Latin America yield curves (especially Brazil and Mexico), single name credit derivatives, CDS indices, repo curves, sovereign and corporate bond prices
• Price, execute and hedge Interest Rate Swaps, Currency Swaps, FX options, credit derivatives and structured notes (CLNs, local currency notes) sold to both corporate and institutional clients
• Structure and execute bespoke collateralized financing solutions to clients in various formats such as GMRA-style repos, Total Return Swaps, loan with security agreements etc,
• Develop strong market knowledge to provide comprehensive service to clients, develop new solutions and provide trade recommendations/pricing runs.
• Work closely with the sales team to provide strong service to clients and build long term relationships

Qualifications

• Bachelor degree in a quantitative area preferred
• 1-5 years of experience in rates, FX and/or credit derivatives in either Trading, Structuring, Quant, Risk, Middle Office or Product Control role
• Excellent Excel skills, preferably with VBA and/or programming experience
• Some understanding and experience of yield curve construction, derivatives and pricing models
• Ability to work well in under pressure, multi-task effectively and have strong attention to detail
• Good communications skills
• High level of self- confidence and initiative
• Fluency in Spanish or Portuguese is preferred

Nomura is an Equal Opportunity Employer