Vice President, Opportunistic Private Credit Team (Asset-Based and Specialty Finance focus)

The pay range for this position at commencement of employment is expected to be between $225,000 and $275,000 [year] * (see below footnote for additional compensation and benefits information).

Company Overview

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 www.nomura.com .

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

Division Overview: Nomura Capital Management

Nomura Capital Management (NCM) is seeking to recruit a seasoned Vice President to work on manager research and selection in the Private Credit Team for the Nomura Alternative Income Fund (NAIFX). The candidate will play a critical role in sourcing and managing best-in-class GPs while working closely with NAIFX portfolio managers to deploy capital effectively. The candidate will focus primarily on US-based managers in Asset-Based Lending, Specialty Finance, and Real Estate Debt who offer both private credit funds and co-investments.

Job Title: Vice President, Opportunistic Private Credit Team (Asset-Based and Specialty Finance focus)

Location: Monday-Wednesday in office (NYC Midtown), Thursday-Friday optional home or office

Department: Nomura Capital Management (NCM)

Position

Nomura Capital Management (NCM) is seeking to recruit a seasoned vice president to work on the Opportunistic Private Credit Team with an asset-based and specialty finance focus for the Nomura Alternative Income Fund (NAIFX). The candidate will play a critical role in sourcing and managing deal flow while working closely with the PM team and research team to deploy capital effectively. The candidate will lead the sourcing and diligence of private credit co-investments alongside third party originators and fund managers.

The experienced vice president will have 5-7 years of credit experience in private asset-based, specialty finance and/or structured products. The ideal candidate will be intimately familiar with interval funds, the asset-based and specialty finance fund management universe, and have a nuanced understanding of underlying transaction risk profiles.

Responsibilities

The successful candidate will have a demonstrated track record of being able to source and diligence prospective investment strategies within the asset-based and specialty finance sectors primarily by engaging with fund managers and industry participants, and underwriting specific investments with fund managers, co-investments, and direct investments. Investments may take varying forms including allocations and partnerships with fund managers, originators, operating platforms, co-investments and direct investments. The candidate should also be interested in completing more thematic market

research to identify new sub-strategies and emerging areas to focus on as the macro environment changes. This candidate will leverage their prior experience, network and the broader NCM and Nomura organizations to deploy capital in a consistent, methodical way to generate superior risk adjusted returns.

Responsibilities Include But Are Not Limited To

• Lead due diligence, structuring investments and fund partnerships considering investment objectives, fundamental credit analysis, the potential use of various forms of leverage and the impact on risk and return, tax and legal considerations for a ’40 Act registered interval fund.
• Oversee deal structuring and execution, coordinating with internal and external counterparties.
• Ability to manage multiple investment processes with junior resources in parallel to drive results.
• Maintaining and expanding a network of investment partners to source and originate co-investments from.
• Manage, develop, and mentor junior resources.
• Maintain a pipeline of actionable ideas and emerging themes as the opportunity set continuously evolves.
• Prepare investment memoranda and related documentation for Investment Committee and monitoring post execution.
• Continuously evaluate existing portfolio exposures (across SPV and fund investments, co-investments and direct investments) by tracking key exposures, risk factors, and having regular dialogue with fund managers and industry participants.
• Manage investments post-closing and develop roadmap to harvest investments over time.
• A desire to continuously improve and optimize investment diligence, monitoring and reporting.
  
  

The candidate will collaborate with teams both internally and externally and across functions—Risk Management, Legal, Compliance, Data providers, Distribution partners, Counterparties, Technology Vendors, Operations, Accounting, etc.

Qualifications

• 5-7 years of relevant credit experience in private asset-based and specialty finance sectors.
• Interval fund experience preferred.
• A deep knowledge of the credit market, with a passion for the market and ability to speak intelligently and commercially.
• A network to source and originate co-investments.
• A self-starter that is commercial and results-oriented in structuring investments and partnerships with originators and third party fund managers.
• An individual who thrives in a fast-paced environment and works with a sense of urgency while never compromising on diligence.
• An individual who has a demonstrated track record of execution, and a strong understanding of credit analysis.
• Detail oriented with strong quantitative/analytical capabilities and a high degree of investment acumen.
• Uncompromised integrity and honesty.
• Someone who will operate as a true fiduciary on behalf of clients.
• Collaborative with interpersonal skills necessary to interact effectively with cross-functional teams such as legal, operations and tax, and external teams.
• Comfortable and excited to operate in an entrepreneurial culture and contribute to the scaling of a business unit within a broader organization.
• Strong academic credentials. CFA preferred.
  
  

Nomura Competencies

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 promotion of knowledge sharing.
  
  

Inclusion

• Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
• 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, discretionary awards and eligibility for commissions for applicable sales roles 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.
  
  

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”.

Nomura is an Equal Opportunity Employer