Nomura Early Careers

As a summer intern, you will build relationships and take on challenges as a full member of the team, allowing you to develop a unique experience that will be vital in your future career. You will gain valuable on-the-job training and see what makes us the employer of choice in the investment banking world.

Sales, Trading, Research and Structuring

Sales - Develop and maintain strong relationships with the firm's clients, which include banks, pension funds, hedge funds, insurance companies and corporate clients. Sales colleagues are responsible for delivering the capabilities of the firm in the form of services and products that best suit the clients’ needs.

Trading - Control and manage the firm's exposure to the markets by buying and selling securities and providing liquidity (market-making). Traders work together with sales, structuring and research in the development of trading strategies for our clients.

Research - Provide internal and external views and publish research on sectors, companies and markets. Deliver insights, investment ideas, and strategies for asset managers and internal clients that assume market risk.

Structuring - Design and develop innovative products and strategies that are tailored to specific client needs. Structurers work together with sales, trading and research to analyze the risk exposure of the firm’s clients and deliver tailor-made solutions that address their needs.

Global Markets Digital Office

Strats - Research and develop mathematical models and algorithms used in the trading business for market making, principal risk taking and portfolio management for both our systematic trading team as well as the broader Nomura Wholesale Business.

Quants - Developing mathematical models for pricing and risk managing derivative trades, in partnership with the trading desks, and implementing them in the firm’s trading systems.

New Business - Assisting in research or analysis of various disruptive technology investments including Fintech and Digital.

*Programs offering will differ across regions. See vacancy list for all opportunities globally across America, Europe and Asia (excluding Japan) currently open for applications.

**The Sales, Trading and Structuring internship program (in EMEA) will consist of two desk placements across the different functions of the Global Markets division. The Global Markets Digital Office internship is non-rotational.

Investment Banking summer internship program takes place in June for 9-10 weeks (depending on region). During the internship, interns are either placed with one desk or play a generalist role and work with different teams for the duration of the internship. The team they join could focus on either a specific sector or client financing and solutions team.

Internships are designed as a springboard to a career in investment banking. You will have a front row seat to the challenges and opportunities of a First Year Analyst.

In addition to on-the-job experience, you will benefit from a series of training modules to help you develop key professional skills. We organize a range of networking events and seminars to give you an in-depth knowledge of the division. This internship program is the ideal opportunity for you to learn more about investment banking. The teams you could join are:

Opportunities are available in London, New York, San Francisco, Singapore, Hong Kong, Taiwan and Sydney. We also offer a summer internship in our Zurich office placed in the Nomura Greentech team.

**Our continental offices in Europe also offer 3-to-6-month Analyst internships year round in Amsterdam, Frankfurt, Paris, Milan, Madrid.

Sector Teams

Nomura’s sector teams identify and analyze deal opportunities and manage client relationships across sectors and key geographies teams to include the following:

• Consumer and Retail – Provides advisory and financing services to a wide range of consumer facing businesses. Established base of both global mega-caps and smaller but ambitious corporate clients.  
• Debt Advisory – Focused on providing independent debt advice on M&A, brownfield and greenfield financing situations.
• Equity Advisory – Nomura is the only global investment bank providing independent equity advisory services. We provide clients with advisory and support in executing equity-related transactions including IPO’s, Rights Issues, Accelerated Bookbuildings, Private Placements and Equity-Linked Products.
• Financial Institutions Group – Focus on coverage and execution for a wide range of clients which span traditional FIG institutions like banks and insurers, and wealth/asset managers, trust/corporate services and other diversified financials.
• Financial Sponsors – Focusing on covering Financial Sponsor and Alternative Investment clients, including a broad range of Private Equity funds, Sovereign Wealth funds and Pension funds.
• Greentech, Industrials and Infrastructure – A cornerstone team in the EMEA IBD providing advisory and financing solutions across ten dynamic verticals among which: Low Carbon Infrastructure, Environmental Services & Technologies, Advanced Transportation, Renewable Energy Value Chain, AgTech & Sustainable Food and Digital Infrastructure. A well-established franchise highly regarded in the industry with an exceptional track record of originating and executing high profile transactions.
• Healthcare – Growing team with in-depth industry expertise built through advising both Corporate and Financial Sponsor clients on acquisitions shaping the industry. In addition to M&A, the team has a track record of providing Leveraged Finance and Risk Solutions within a broad range of subsectors, including specialty pharma, biotechnology, medical technology, animal health and healthcare services.
• M&A – Focusing on the execution and origination of domestic EMEA and cross-border transactions, with exposure to all industry and country teams.
• Technology, Media & Services – Provides advisory and financing services to Corporate and Financial Sponsor clients across a wide range sub verticals within the Technology, Media and Services industries.

Client Financing & Solutions

Nomura’s CFS groups specialize in providing financing advisory services to clients through several different product streams:

• Acquisition & Leveraged Finance – provides debt financing for high profile private clients across a wide range of industries and geographies.
• Debt Capital Markets and Solutions – Bridging Investment Banking with Global Markets, the DCM team connects borrowers with investors by providing advice to both regular and new debt issuers on structuring and placing fixed income transactions in the international bond markets.
• Debt Capital Markets Syndicate – Private side trading desk which works in close collaboration with DCM and Global Markets in the issuance of bonds.
• Insurance Solutions Group – ISG originates, structures and executes bespoke credit and reinsurance solutions for clients – both sponsor-backed and strategics – across the insurance spectrum (Life, Non-Life, Insurance Linked Securities). Focus on innovative, attractive risk-return transactions that provide compelling insurance capital benefit or bridging to significant corporate finance events.
• Risk Solutions Group – RSG is a market leader in the origination and execution of tailor-made hedging solutions for Nomura’s investment banking client base across private equity and infrastructure. The team works directly with clients to implement strategies to manage and minimize the impact of interest rate fluctuations, foreign exchange uncertainties and inflation risks that are associated with M&A and refinancing transactions.

Our Risk Management Programs include a 9-10 weeks summer internship for penultimate year students or a 12 month Industrial Placement (EMEA only)*. You will be trained, placed in a business and encouraged to develop your skills. We will give you the opportunity to see how our Risk division functions and the role it plays in our business as a whole.

You will take on responsibility from day one, building strong working relationships and facing challenges as a full member of the team. As you progress in your internship, you will have the opportunity to take on extra responsibility, which will help you gain knowledge and experience, which will be vital to your career.

*Program offered vary depending on region. Please see vacancy page for an up-to-date selection of current programs open for applications.

Depending on the team you join, responsibilities could include:

Operational Risk Management: You will work across our business functions to ensure they are managing their operational risks effectively. Using tools such as event reporting, KRIs, Risk Control Self Assessments (RCSAs) and scenario analysis, you will assist in the various aspects of the Operational Risk lifecycle, i.e., identification, assessment, remediation and monitoring, of Operational Risks identified.

New Business Group: Working with the New Business Group Managers, you will engage with a variety of business units and corporate functions, in several aspects of the New Product and New Transaction review and approval process, to ensure all new products and transaction have gone through the appropriate due diligence and to help support strong corporate governance and risk management.

Credit Risk: Alongside our credit officers, you will analyze the credit quality of hedge funds, corporates and financial institutions before we take them on as clients. You will obtain an overview of rating analysis, trading limits, reporting and advice provided by the Credit Risk analysts in managing our counterparty exposure.

Market Risk: Focused on fixed income you will evaluate our exposure in cash and derivatives, making sure all relevant data is recorded and used in daily risk calculations. You will work with the Market Risk Managers gaining insight in to trading limits and mandates, market risk reporting and how they work with the business to identify and analyze market risks and concentrations.

Our Technology programmes include a 9-10 week summer internship for penultimate year students or a 12 month Industrial Placement (EMEA only)*. You will be trained, placed in a business and encouraged to develop your skills. We will give you the opportunity to see how our Technology division functions and the role it plays in our business as a whole.

You will take on responsibility from day one, building strong working relationships and facing challenges as a full member of the team. As you progress in your internship, you will have the opportunity to take on extra responsibility, which will help you gain knowledge and experience, which will be vital to your career.

*Program offered vary depending on region. Please see vacancy page for an up-to-date selection of current programs open for applications.

What's involved?

Technology at Nomura involves working with, and designing, state-of-the-art information technology and risk management systems. These are the systems that can often give us that crucial, split-second edge over our competitors. Work ranges from infrastructure support and deployment to in-house development of complex modelling software and applications.

This program will give you the opportunity to develop new applications that keep us at the forefront of technology. You’ll develop an impressive level of technical knowledge, using a range of technologies (Java, C#, C++, SQL, Python, Perl, JavaScript, HTML/CSS and others) and frameworks (Spring, Maven, Camel, WPF, Node, React, and many others). Depending on your role, you’ll gain an understanding of different financial products, and build a valuable knowledge of risk management techniques and live trade analysis.

There is a wide breadth of roles available in technology. Below is a sample of roles that you may fit into.

Business Analysis – To help bridge the gap between the worlds of Technology and the business, Business Analysts are the intermediary through which each side can communicate effectively. You’ll be meeting regularly with business representatives to understand the problems that are currently occurring and will be translating these problems into concrete requirements for the Development and Support teams. Analytical skills are a must for this role, as well as the ability to express an idea in more than one domain language.

Software Development – Bespoke software is at the heart of everything we do, and as a software developer you will help build out our ecosystem to help our clients and traders create and maintain a competitive advantage over other banks and organizations on the street. We write a large proportion of our software in-house, and you could be involved with anything from generating real-time risk measures for our traders, to ensuring that payments to other companies are correctly collated, calculated and executed. As a software developer at Nomura, you will be designing, implementing and deploying solutions to meet rapidly changing business and regulatory needs. Strong coding skills and a logical outlook are a must.

Technical Support – To support the many systems that are written in house, our technical support teams are the first line of communication between our business users and Technology. As a member of one of our dedicated teams you’ll be doing anything from diagnosing and remediating issues in complex system flows to investigating previously unknown issues, all while in contact with traders or other business staff in a fast-paced environment. Excellent communication and technology knowledge are required to get the ‘big picture’ and disseminate information to find a solution to issues.

Bear in mind, that not all jobs fit into one of these categories and can sometimes span two or all three!