About this role
<p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"><span style="font-weight:bold;background-color:white">Job Title: </span><span style="background-color:white">Quantitative Researcher </span></p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt"><span style="font-weight:bold;color:black;background-color:white">Department: </span><span style="color:#222222;background-color:white">Global Markets</span></p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt"><span style="font-weight:bold">Location:</span> New York</p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt"><span style="font-weight:bold">Corporate Title: </span>Associate/Vice President </p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt"> </p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt">The pay range for this position at commencement of employment is expected to be between $175,000-$250,000 per year*</p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt"> </p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"><span style="font-weight:bold;text-decoration:underline;background-color:white">Company Overview</span></p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"> </p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt"><span style="color:black;background-color:white">Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment 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 </span><a href="http://www.nomura.com/"><span style="background-color:white">www.nomura.com</span></a></p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"> </p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"><span style="background-color:white">Aon’s Benefit Index®, Nomura’s benefits </span><span style="font-weight:bold;background-color:white">rank</span><span style="background-color:white"> </span><span style="font-weight:bold;background-color:white">#1</span><span style="background-color:white"> amongst our competitors</span></p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"> </p><p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"><span style="font-weight:bold;text-decoration:underline;background-color:white">Department Overview</span></p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"><span style="background-color:white">Nomura's Global Markets department provides liquidity, market insights, and execution services to clients worldwide across various asset classes, including equities, fixed income, currencies, and commodities. The team's focus on innovation and technology provides clients with access to cutting-edge trading platforms and customized solutions. Nomura's Global Markets team specializes in market-making, risk management, and electronic trading, with a strong global presence and reputation for exceptional service to clients. With expertise, global reach, and commitment to innovation, Nomura's Global Markets department is well-positioned to continue driving growth and success in the financial industry. </span></p> <p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"> </p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif">About the Role</span></strong></p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">We are seeking an experienced Quantitative Researcher to join our Cash Equities Central Risk Book team. This role focuses on quantitative modeling, risk management, and portfolio optimization to support our global equities business.</span></p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"> </p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif">Key Responsibilities</span></strong></p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif"> </span></strong><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif">Risk Modeling & Portfolio Optimization</span></strong></p> <ul style="margin-top:0.0in;margin-bottom:0.0in" type="disc"> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Design and implement quantitative models for equity portfolio risk management, including factor models, correlation structures, and tail risk analytics</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Develop portfolio optimization frameworks for rebalancing, hedging strategies, and capital allocation</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Build real-time risk monitoring systems tracking P&L attribution, Greeks, and exposure metrics</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Perform scenario analysis and stress testing under various market conditions</span></li> </ul> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif"> </span></strong></p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif">Algorithmic Execution & Trading</span></strong></p> <ul style="margin-top:0.0in;margin-bottom:0.0in" type="disc"> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Design and enhance algorithmic execution strategies for optimal portfolio rebalancing and risk reduction</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Develop transaction cost analysis (TCA) models and execution quality metrics</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Build algorithms for smart order routing, liquidity-seeking, and market impact minimization</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Optimize execution schedules balancing urgency, market impact, and timing risk</span></li> </ul> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif"> </span></strong></p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif">Central Risk Book Management</span></strong></p> <ul style="margin-top:0.0in;margin-bottom:0.0in" type="disc"> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Support management of the firm's central equity risk book, including inventory optimization</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Develop models to price and manage residual risk from client facilitation and market making</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Create tools for evaluating trade-offs between risk reduction, capital efficiency, and revenue generation</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Collaborate with trading desks to implement risk mitigation strategies</span></li> </ul> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif"> </span></strong></p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif">Required Qualifications</span></strong></p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif">Education & Experience</span></strong></p> <ul style="margin-top:0.0in;margin-bottom:0.0in" type="disc"> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Advanced degree (PhD or Master's) in Mathematics, Statistics, Physics, Financial Engineering, Computer Science, or related quantitative field</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">3-8 years of experience in quantitative research, risk management, or trading at a financial institution</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Strong understanding of equity markets, portfolio theory, and risk models</span></li> </ul> <p style="margin:0.0in 0.0in 0.0in 0.5in;font-size:12.0pt;font-family:Aptos, sans-serif"> </p> <p style="margin:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><strong><span style="font-size:10.0pt;font-family:Arial, sans-serif">Technical Skills</span></strong></p> <ul style="margin-top:0.0in;margin-bottom:0.0in" type="disc"> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Expert programming skills in <strong>Python</strong> and <strong>kdb+/q</strong> (required)</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Strong knowledge of <strong>statistics</strong>, numerical methods, and optimization techniques</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Experience with portfolio optimization algorithms and large-scale data processing</span></li> <li style="margin-top:0.0in;margin-right:0.0in;margin-bottom:0.0in;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:Arial, sans-serif">Familiarity with risk systems (Axioma, Barra, Bloomberg PORT) and market data platforms</span></li> </ul><p style="margin:0.0in;font-family:Arial;font-size:10.0pt;color:black"><span style="font-weight:bold;text-decoration:underline">Nomura Leadership Behaviours</span> </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black"><span style="font-weight:bold">Explore Insights & Vision</span> </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black">Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future. </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black"><span style="font-weight:bold">Making Strategic Decisions</span> </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black">Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations. </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black"><span style="font-weight:bold">Inspire Entrepreneurship in People</span> </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black">Inspire team members through effective communication of ideas and motivate them to actively enhance productivity. </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black"><span style="font-weight:bold">Elevate Organizational Capability</span> </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black">Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing. </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black"><span style="font-weight:bold">Inclusion </span> </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black">Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect). </p> <p style="margin:0.0in;font-family:Arial;font-size:9.0pt;color:black"> </p> <p style="margin-top:0.0pt;margin-bottom:6.0pt;font-size:9.0pt;color:black"><span style="font-family:Arial">*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, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.</span><span> </span></p> <p style="margin-top:0.0pt;margin-bottom:6.0pt;font-family:Arial;font-size:9.0pt;color:black"> </p> <p style="margin-top:0.0pt;margin-bottom:6.0pt;font-size:9.0pt;color:black"><span style="font-family:Arial">If hired in the U.S., employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.</span><span> </span></p> <p style="margin-top:0.0pt;margin-bottom:6.0pt;font-family:Arial;font-size:9.0pt;color:black"> </p> <p style="margin-top:0.0pt;margin-bottom:6.0pt;font-family:Arial;font-size:9.0pt"><span style="color:red">**US FINANCE ONLY**</span><span style="color:black"> 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. </span></p> <p style="margin-top:0.0pt;margin-bottom:6.0pt;font-family:Arial;font-size:9.0pt;color:black"> </p> <p style="margin-top:0.0pt;margin-bottom:6.0pt;font-family:Arial;font-size:9.0pt;color:black"><span style="font-style:italic;background-color:white">Nomura is an Equal Opportunity Employer</span> </p>