EMEA Head Credit IPV

Join to apply for the EMEA Head Credit IPV (Vice President) role at Nomura1 day ago Be among the first 25 applicantsJoin to apply for the EMEA Head Credit IPV (Vice President) role at NomuraGet AI-powered advice on this job and more exclusive features.Job title: EMEA Head Credit IPV- Vice PresidentCorporate Title: Vice PresidentDepartment: FinanceLocation: LondonCompany overviewNomura 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 www.nomura.com.Department overview:Valuations Control at Nomura is primarily responsible for understanding, reviewing and testing the marks and valuation adjustments used to value trading positions. The main functional responsibilities include: frequent IPV; ensuring that the appropriate accounting principles and reserves are applied to reach fair value; calculation of Prudential Valuation capital adjustment; development and application of rules for fair value hierarchy classification; partnering with the Front Office and other support groups in facilitating and approving new products and initiatives, in particular determining reserving and revenue recognition approaches. This involves a close working relationship with the Front Office as well as all primary support partners including Market, Credit and Model Risk Management, Quants, Operations, other Finance teams and Legal.Supporting the overall management and development of the EMEA Valuations Control team and working across regions to drive consistencyManage the team performing IPV for full spectrum of Vanilla and Exotic Credit Products across all businesses, including the review of the marking of CVA exposures.Determining methodology for and computation of relevant valuation adjustmentsResponsible for management reporting of IPV, including detailed analysis of desk marking trendsExtensive degree of Front Office Trading and Quants, Product Control, MVG, Finance and senior management interactionOpining on revenue recognition and reserving for new product / transaction approvalsTraining and supervising Mumbai offshore centre to ensure appropriate, and accurate testingLeading Valuation Control’s response regulatory requirements / requests (e.g. Prudential Valuation, Solvent Wind Down)Regular internal IPV and reserves reporting and audit / SOX related reportingSupporting the resolution of collateral disputes on credit productsReviewing, designing and enhancing controlsResponsibility for Fair Value Hierarchy classification for Credit products and Significant Unobservable disclosures under FAS157Computation of quarterly Prudential Valuation AdjustmentsSkills, experience, qualifications and knowledge required:Numerical degree with history of strong academic performance required.Additional professional qualification from top university or institution preferable (ACA/CIMA, CQF, CFA, FRM, PRMIA).Strong IPV experience and product knowledgeExcellent written and oral communication skills required given the level of exposure to all levels of seniority and experience across businesses and regions.Understand clients’ needs and issues, and provide solutions utilizing Nomura Group company’s resources, earn the clients’ trustAcquire a wide range of knowledge as an employee of Nomura, instead of focusing only on one’s own area of expertise; play a part in improving the company’s services level and corporate valueTake on new challenges for improvement and cultivate a corporate culture of challenge by driving change in business operationsEnsure views are not biased, accept different opinions and perspectives, and collaborate with other members to create common valuesInfluenceProvide appropriate guidance to others and act in a manner that places emphasis on the performance and growth of the organizationIntegrityImprove further the understanding and awareness of corporate philosophy, professional ethics, compliance risk management, and code of conduct, and make decisions and take actions from a management positionDiversity Statement:Nomura is committed to an employment policy of equal opportunities and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender 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.Right to WorkThe UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment. A member of staff will be happy to help.Nomura is an Equal Opportunity EmployerSeniority levelSeniority levelMid-Senior levelEmployment typeEmployment typeFull-timeJob functionJob functionFinanceIndustriesHospitals and Health Care, Non-profit Organizations, and Government AdministrationReferrals increase your chances of interviewing at Nomura by 2xSign in to set job alerts for “Head of Credit” roles.London, England, United Kingdom 1 month agoSenior Director, Consumer and Credit SolutionsLondon, England, United Kingdom 2 weeks agoLondon, England, United Kingdom 2 months agoHead of Risk & Compliance (FinTech, EMI)London, England, United Kingdom 1 month agoAssociate Director - Private Credit PlatformLondon, England, United Kingdom 4 months agoCredit Risk Director, Flex Originations (Credit Cards)London, England, United Kingdom 1 week agoLondon, England, United Kingdom 1 week agoCity Of London, England, United Kingdom 1 week agoLondon, England, United Kingdom 1 month agoFinancial Institutions Credit Risk ManagerLondon, England, United Kingdom 1 week agoLondon, England, United Kingdom 14 hours agoCity Of Westminster, England, United Kingdom 3 weeks agoCommercial Optimisation & Pricing Director - Credit CardsLondon, England, United Kingdom 16 hours agoAssistant Vice President, Credit Manager - CIBLondon, England, United Kingdom 1 week agoTransactional Credit Management - Vice PresidentLondon, England, United Kingdom 5 hours agoHead of Product Risk and Compliance, Latin America, Middle East and AfricaLondon, England, United Kingdom 1 week agoLondon, England, United Kingdom 1 month agoVice President, Credit Manager (Energy Sector)London, England, United Kingdom 1 week agoLondon, England, United Kingdom 5 days agoWe’re unlocking community knowledge in a new way. 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