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Global Markets - Summer Internship (Securitised Products and Private Credit Trading / Structuring)

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Job Description
Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates, and governments through our three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management.
Driven by the insights of approximately 26,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from, and within Asia.
Securitised Products and Private Credit Trading/Structuring
Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments, and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates, and credit in cash, derivatives, and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent, client relationships, and technology.
By developing strong relationships with our client base through consistent interaction, independent advice, and pre-eminent access to Asia, we have built a powerful global franchise across interest rates, currency, and credit products. Our client services cover both high-volume flow products and carefully tailored structured solutions. We have adapted to the changing financial landscape to build a client-centric focus differentiated by innovation, electronic and service excellence, and market-leading derivatives capabilities.
Role Description
The Securitised Products & Private Credit (SP&PC) team is active in the structured illiquid credit space, providing flexible capital solutions to support a variety of situations, including infrastructure financing, portfolio financing, private credit, direct lending, and real estate financing. The team acts as principal and distributes risk on an ad-hoc basis. The team is involved across the origination, screening, diligence, structuring, execution, syndication, and monitoring phases of the transaction lifecycle. The team seeks to hire an Analyst / Associate to continue capitalising on the team’s strong momentum in EMEA and to support its growth across its client franchise.
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Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
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Programme Overview
Through our nine-week Internship Programme, you will have the opportunity to experience first-hand the possibilities of a career in banking. It is your chance to get a feel for our culture, create new networks, and gain valuable on-the-job training. Internships are also the perfect preparation for a subsequent full-time role. Nomura will extend full-time offers to strong performers.
The internship is a placement for 9 weeks within the SPPC team, working on real projects with direct value to Nomura's business, supervised by experienced team members.
Key Objectives Critical To Success
- Working as part of a focused team to design and prepare structured financing proposals suited to Nomura's client needs.
- Supporting screening, risk approval, and due diligence processes for new transactions.
- Performing fundamental credit analysis, modelling, assessing underlying project cash flows, and collateral value, drafting transaction memoranda.
- Participating in client and internal calls and meetings to support the above processes and analyses.
- Executing trades and associated hedges.
- Assisting in the day-to-day management of the SP&PC processes.
- Assisting in managing existing risks (operational, credit, rates, etc.) on the book.
Training
Summer Analysts will receive extensive training to enhance the skills that they need to perform well during their internship. The programme includes training in Financial Markets, Bloomberg, Excel, Conduct Risk, and a variety of division-specific activities.
Throughout the Internship Programme, you will be supported both by a buddy, mentor, and dedicated programme management team.
What Are We Looking For?
At Nomura, our goal is to attract and develop exceptionally talented people who share our passion for individual excellence and our commitment to teamwork. We recruit graduates and interns with a high level of academic and extra-curricular achievement, who will be able to withstand the rigors of a rapidly changing, demanding but ultimately rewarding environment.
Skills, Experience, Qualifications, And Knowledge Required


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- Previous work experience in structured finance (e.g., including asset-backed lending, Infrastructure Finance, Project Finance, Real Estate finance, portfolio finance, etc.).
- Knowledge of and familiarity with illiquid credit products, typical structures found in the market, and of corporate finance.
- Broad understanding of investor base for illiquid credit products.
- Ability to review and analyse financial statements and due diligence reports.
- Ability to perform fundamental credit analysis, identify and assess key risks in a transaction (financial, market, operational, etc.).
- Strong analytical skills, including modelling, along with critical thinking and a logical approach to problem-solving.
- Good writing skills, including in the context of a transaction memorandum or in formal internal and external communication.
- Can think on their feet, be proactive, and spot opportunities to generate value for the firm, the franchise, and the team.
- Able to work as part of a team and communicate effectively in a dynamic environment.
- Easily personable and capable of creating close relationships with external (e.g., clients) and internal (e.g., colleagues, IBD, sales, structuring, corporate functions) stakeholders.
- Fluency in English is essential.
Diversity & Inclusion
Nomura is committed to an employment policy of equal opportunities and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender, or sexual orientation. If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.
Right to Work
The UK Government has taken steps to reduce net migration to the UK by limiting overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa), we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.
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