The macroeconomics team at Nomura is compact – the Chief European Economist is supported by another economist; in addition there are two FX strategists. The small nature of the team would give the candidate a great deal of opportunity to grow into a wide-ranging role covering European macroeconomics (primarily euro area and UK, but Switzerland and Scandinavia too), reporting to the Chief European Economist.
Role Description
- The ideal candidate will cover European macroeconomics and central banks, focused on the euro area and big four economies – Germany, France, Italy, Spain – the UK, Switzerland, Sweden and Norway.
- Producing thematic research pieces, calling the direction of central bank policy decisions as well as regularly updating their models of GDP and inflation forecasts.
- The candidate will be required to update clients and internal sales/traders on what the latest news means for their policy calls and the risks to the view ahead.
- While primary focus would be on the euro area and UK, the candidate might be expected to spend some time covering Switzerland, Sweden and Norway, albeit to a lesser degree.
Skills, experience, qualifications and knowledge required
- Experience of covering European economies and central banks from a macroeconomic perspective.
- 1-3 years of relevant work experience ideal. Degree in economics/statistics/finance.
- Experience with a European central bank or Treasury desirable but not necessary.
- Ability to present to clients, update views in real time, speak on podcasts.
- Strong technical economic background and quantitative skills.
- Fluency in spoken and written English; familiarity with other European languages a plus.
- Experience in use of Excel/PowerPoint/Python/R. Haver/Macrobond/Economic software a plus.
- Dynamic, entrepreneurial and inquisitive. Enjoys working in teams.
What we offer
- Working in a small team means higher levels of responsibility and client visibility at an earlier stage in the career.
- Exposure to a wide variety of clients and internal risk takers.
- Competitive salary and bonus.
- Client meeting travel.
- Working from the heart of the City of London at Angel Lane.
- Corporate access to Nomura’s Angel Lane’s Gym, GP and more.
Nomura competencies
Culture & Conduct
- ·Contributes to desired culture
- Aware of different values / styles
- Maintains own and holds others to high standards of behavior
- Seeks to develop
- Aware of impact of own strengths / weaknesses
- Learns from experience
Client-Centricity & Business Acumen
- Demonstrates understanding of current market
- Anticipates client needs
- Pays attention to detail, synthesizes accurately
- Sees problems, recommends solutions
Strategy & Innovation
- ·Articulates own contributions to divisional and firm-wide strategy
- Embraces and balances new / differing ways of thinking / working
- Makes decisions appropriate to their role, knows when and how to escalate
- Knows when / how to compromise
- Responds positively to changing needs and circumstances
- Is able to change direction quickly
Leadership & Collaboration
- Proactively participates in own and others' performance year
- Assists in recruiting and on boarding new team members
- Gives credit to others for positive contributions
- Builds collaborative and productive working relationships
- Provides on-the-job training to colleagues
- Provides and listens to constructive, timely and specific feedback to resolve conflict
Communication & Connectivity
- Adjusts communication style to suit topic / audience
- Balances listening / talking
- Communicates ideas and issues clearly and with consideration
- Questions to understand others’ views
- Is a proven and credible resource
- Builds internal network
- Willingly works with others to share information
Execution & Delivery
- Maintains positive commitment to results
- Takes on challenging assignments
- Executes priority actions on-time
- Keeps stakeholders updated, manages expectations
- Persists when confronted with resistance
- Seeks, listens to and accepts feedback
