Job Title: EMEA Flow Rates Repo Trader
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
Department overview:
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 credit, interest rates and currency 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.
Nomura has a very successful Global Rates franchise with clients placed at the heart of its strategy. The EMEA Flow Rates business incorporate the following desks: EGBs, EUR Swaps, SSA, STIRT/XCCY, EUR Inflation, GBP and Repo.
Role description:
- Trading / market making repo products
- Supporting the desk by improving, streamlining and automating processes including PnL Flash, specials returns, collateral imbalances etc.
- Efficient financing and covering of inventory positions (longs + shorts)
- Building pricing tools to help traders quote trades as well as identify optimisation opportunities
- Work with Sales to build and maintain relationships with Asset Managers, Hedge Funds and Institutional Investors. Helping them to prepare marketing materials where needed.
- Driving risk approval and due diligence processes for new trades. Create bespoke risk reports as required by the business
- Work closely with wider business units including DCM
- In-depth knowledge of current and upcoming regulatory changes affecting the repo and wider market
- Assisting the traders by investigating and helping to resolve trade settlement queries
Key objectives critical to success:
- Ability to identify and enhance any manual desk processes with a strong attention to detail
- Ability to independently generate ideas and spot optimisation opportunities
- Knowledge of different hedging techniques and interpreting risk reports
- Capable of creating close relationships with Sales, other trading desks and control functions, including providing market colour on repo levels and trends.
Skills, experience, qualifications and knowledge required:
- Independent thinker
- Excellent communication skills
- Strong team player
- Keen attention to detail, especially with regard to legal documentation, pricing, risk management
- Strong understanding of regulatory environment
- Highly energetic with an entrepreneurial mindset and the ability to understand client needs
- Self-starter
- Proven ability to learn and understand new concepts
- Willingness to go the extra-mile when required
- Excellent prioritization and decision making skills
Nomura competencies
Culture & Conduct
- Makes significant culture contribution
- Sets diverse / inclusive work environment
- Demonstrates high professional integrity
- Actively participates in development opportunities
- Actively leverages strengths and addresses weaknesses
Client-Centricity & Business Acumen
- Expert in own business area, understands its market
- Generates commercial ideas to benefit clients
- Identifies and articulates core issues
- Assimilates and articulates complex information
- Develops workable recommendations
Strategy & Innovation
- Translates divisional and firm-wide strategies into plans
- Contributes innovative / entrepreneurial ideas
- Builds on others' insights and turns ideas into reality
- Knows when to decide / when to escalate
- Recognizes and takes action when changing circumstances require new approaches
- Adapts swiftly
Leadership & Collaboration
- Diligently and objectively evaluates own and others' performance throughout the year
- Identifies quality people
- Recognizes / communicates results, successes and learnings
- Collaborates within and across teams, involving the right people
- Supports / challenges colleagues
- Enables formal / informal development
- Anticipates potential conflict, takes steps to resolve
Communication & Connectivity
- Listens and communicates effectively at all levels
- Moves negotiations / discussions forward
- Gains co-operation / support for ideas
- Grows / maintains internal / external network
- Proactively works across teams / functions
Execution & Delivery
- Inspires positive commitment in others
- Keeps self / others focused on meeting goals
- Identifies conflicting priorities and manages accordingly
- Communicates changes to plans to relevant people
- Maintains commitment in the face of challenges
- Handles difficult feedback positively and constructively
Diversity & Inclusion
Nomura is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all our employees.
We do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex 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.