US Economic Research Analyst

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The pay range for this position at commencement of employment is expected to be between $110,000 and $135,000/year* (see below footnote for additional compensation and benefits information).

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

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.

The US Economic Research team produces thoughtful and timely analysis on various aspects of the US Economy. The team monitors domestic economic and political developments, providing key insights and a dynamic US economic outlook generated by detailed underlying forecasts, with a particular focus on Fed policy. Nomura’s trading desk relies heavily on the US Economic Research team’s macro view. The team communicates its views primarily through periodic research reports and frequent client meetings.

The US Economic Research Analyst will focus primarily on analyzing macroeconomic data – with implications for growth, inflation and the labor market – forecasting and following Federal Reserve and government policy. In this role, you are responsible for modeling/analysis, conducting research, contributing to research reports and servicing institutional clients.

Key tasks include:

• Providing rapid analysis of data releases for key economic indicators with thoughtful and concise written comments
• Developing and maintaining forecasting models (time series, panel and larger macro)
• Monitoring and analyzing real‑time comments from Federal Reserve officials and their market implications
• Supporting internal stakeholders (traders and sales) with data requests and commentary
• Assisting with and participating in client meetings
• Specializing in and developing expertise in a specific sector of the US economy
• Assisting with publishing reports and updating key charts/tables

• 0 – 2 years of industry experience
• Strong quantitative skillset, including a background in economics, mathematics, statistics or data science with some programming ability
• Strong written and verbal communication skills
• Strong understanding of economic principles
• Familiarity with some combination of Stata, EViews, Python, R, or similar
• Proficiency with Microsoft Excel
• High level of intellectual curiosity
• Significant attention to detail
• Ability to be on‑site in the NYC office 5 days per week
• Explore Insights & Vision: Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
• Making Strategic Decisions: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
• Inspire Entrepreneurship in People: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
• Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the…