Asset Management - Fund Financing

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Job Code: 14559

Country: US

City:
New York

Skill Category:
Global Markets

Description:

Job Title:

Fund Financing & Solutions
Department:

Global Markets

Location:

New York
Corporate

Title:

Vice President

The pay range for this position at commencement of employment is expected to be between $225,000-$250,000

Company overview
Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions,corporates and governments through our four business divisions:
Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.

Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura,

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

Department Overview:

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 tocutting-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.

Fund Financing Solutions (“FFS”) extends financing to private capital funds secured against fund collateral (NAV and borrowing-base facilities). We are seeking an VP in Asset Management to own post-close collateral surveillance, covenant monitoring and collateral performance analysis for the Equity Funds Financing portfolio.

The role is Front Office and accountable for collateral tracking integrity, covenant and concentration-limit monitoring, collateral performance analysis, and portfolio risk reporting. It partners with the FFS Deal Team on collateral performance and works closely with Operations, which reconciles and processes the borrowing base report into the system — this role exercises credit and commercial judgment over the resulting collateral position.

• Apply credit and commercial judgment to borrowing base inputs processed by Operations: assess NAV, cash balances and haircuts against concentration limits, and confirm the resulting collateral position.
• Monitor maximum LTV, concentration limits and other key covenants across the portfolio; distribute the bi-weekly monitoring report and alert the Deal Team to actual or potential breaches.
• Review reconciliation of outstanding loan balances to books & records (LoanIQ); confirm upsizes, paydowns and payoffs are reflected in the system.
• Resolve reconciliation breaks with Operations; elevate to the Deal Team where credit terms or collateral eligibility are in question.
• Perform quarterly portfolio-wide quality checks of calculations, borrowing bases and fund financial statements on a sampled basis, and periodically reconcile loan positions across the portfolio to confirm data integrity.
• Working in tandem with the FFS team, communicate with external stakeholders (borrowers, rating agencies, loan administrators, etc.) to address collateral and reporting questions and requests

• Build analytics to track collateral performance, exposure and utilization trends across…