Job Title:  VP, Operations (Hong Kong)

JOB DESCRIPTION
Job title: Vice President, Operations        
Corporate Title: Vice President
Department: Operations
Location: Hong Kong                

Company overview
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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.

Department overview:
Nomura's Operations department supports the company's business activities through efficient operational processes. The team collaborates with senior leadership, business units, and stakeholders to develop effective operational strategies, providing guidance on process design, implementation, and management to align operations with business objectives. Nomura's Operations team specializes in trade processing, settlement, custody, and asset servicing, known for providing exceptional service to clients. With a strong track record and commitment to innovation and global reach, Nomura's Operations department is well-positioned to continue driving growth and success in the financial industry.

Role description:
The Operation Vice President role within Market Operations focuses on supporting cash equities and ensuring the timely settlement of trades in the Asia-Pacific markets. The primary objective of this position is to ensure accurate processing of the end-to-end settlement process for cash equity transactions in accordance with regulatory guidelines and delivering top-tier customer service. 
The role will be responsible to resolve all reconciliation exceptions identified, address escalations relating to settlement processing, perform data analysis and reporting to demonstrate effective risk management and issue resolution. This ensures the smooth operation of the daily settlement processes.
This role operates in a dynamic, fast-paced environment and the candidate will need to adapt to the evolving needs of both internal and external clients. Teamwork is a vital component of this role, to build and nurture strong relationships both within the team and with other internal Nomura teams. The candidate will need to have extensive knowledge of the cash equities business and market knowledge. The candidate is expected to monitor and evaluate processes and data, identify and implement policies to drive process improvements and efficiency throughout the team and the organization.

Reconciliation & Controls
    Daily bank reconciliation 
    Internal control account reconciliation
    Monthly reconciliation with broker rebates
    Stock borrowing and lending reconciliation

Settlement functions
    Responsible for cash equities trade settlements in APAC markets and manage a team of 8 staff 
    Identify, investigate and resolve settlement discrepancies to ensure all trade details are accurately captured 
    Manage the settlement risks effectively, including failed trades, counterparty exposure and mark-to-market exposure. 
    Manage the stock borrowing & lending (SBL) process, and arrange settlement of SBL, returns, collateral, fees and rebates with the SBL counterparty
    Collaborate with various departments and individuals within the organization to provide support on matters related to reconciliations, payments, settlements and reporting
    Responsible for settlement of fees, penalties, proxy fees and intercompany fees related to trade settlement
    Involve in ad-hoc project when necessary

Skills, experience, qualifications and knowledge required:
    Bachelor degree or equivalent and knowledge of Cash equities markets
    Minimum of 8 years in financial services industry preferred in Sell side operations.
    Good team player, proactive and able to adapt quickly.
    Highly committed, self-motivated and able to meet deadlines
    Strong communication skills, fluency in English is required.
    High regard for attention to detail, accuracy and quality
    Proficient in the use of Microsoft Word, Excel and Outlook (VBA or programming knowledge is a plus) 
    Proficiency in settlement or payment platforms and transaction flows
    Proven leadership in managing teams and driving operational improvements 

Diversity Statement

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.

DISCLAIMER:  This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job.  The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time. 

Nomura is an Equal Opportunity Employer