Research Analyst, Securitized Products

The pay range for this position at commencement of employment is expected to be $110,000/year*

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

The Securitized Products Research team produces thoughtful and timely analysis on various product areas in order to help Nomura’s trading desk and clients identify profitable trades and emerging risks. The team has been consistently ranked #1 in Non-Agency RMBS research and in the top 3 in CLO research in annual Greenwich surveys of most helpful research analysts across the street. Additionally, the team was recently named ‘Securitization Research Team of the Year’ by Global Capital in both 2023 and 2024. The team communicates its views primarily through periodic research reports and frequent client meetings.

The Generalist Securitized Products Research Analyst will focus primarily on analyzing agency and non-agency mortgage-backed securities (MBS) and Collateralized Loan Obligations (CLOs). In this role, the analyst is responsible for modeling/analysis, conducting research, contributing to research reports, and servicing institutional clients. Key tasks include:

• Analyzing prepayment and default trends for various types of mortgage securitizations and collateral
• Recommending trades in various sectors based on relative value analysis and supply/demand considerations
• Monitoring ownership structure of and trading activity in different sectors
• Keeping abreast of policy developments that bear on mortgage markets
• Analyze corporate credit and leveraged loans, and policy developments affecting the CLO market

Additionally, the team is seeking a macro research analyst that will monitor and analyze trends in the broader economy and fund flows, and publish thematic research and scenario analysis to support the securitized products and macro research teams.

• On-track to graduate by June 2025
• Strong quantitative skillset, including a background in engineering, mathematics, quantitative economics, or data science and some programming ability
• Strong communication skills, both verbal and written
• Some experience in fixed income analysis and/or finance helpful but not required
• Familiarity with any database/statistically oriented programming language (e.g. Python, R, SQL)
• Proficiency with Microsoft Excel
• High level of intellectual curiosity
• Strong attention to detail
• Ability to work in-person full-time in our NYC office

Application Requirements

Please upload the following supporting documents as part of your application as one file in the Attach Documents section

• Resume on page 1
• Writing sample on page 2

*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.

If hired, 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