Job Title:  NDF Trader, Associate

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

Diversity, Equity & 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.

Job Title: NDF Trader
Corporate Title: Associate 
Department:Global Markets EMEA
Location: London
 

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 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 franchise, 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.

The Emerging Markets FX Trading Team is an established business and the role involves a mixture of risk taking in Asian Currencies and a client facing market making role. The FX Business is a key part of the very successful Global Markets Franchise of Nomura that connects East and West. The role is part of working in a successful global team in the London time zone covering clients in UK and EEMEA region.

Role description:

• Provide liquidity provision to our clients and the subsequent risk management of any risk transfer

• Manage our inventory to facilitate our client requirements and add revenues.

• Drive the expansion of our client centric NDF markets business in EMEA and meet with clients to develop and further enhance our relationships.

• Analyse, discuss and develop strategy to address significant market driven events/changes that can have risks / costs / balance sheet / liquidity / financing / clearing / collateral / or other impacts to the FX business. Skills

• A strong, practical understanding of the foreign exchange business, local markets, regulations, operations, and associated credit, liquidity, financing, and clearing knowledge.

• A strong track record in trading major NDF currencies globally - with a particular in depth knowledge and experience in KRW - local market experience preferential.

• The ability to market-make regional currencies to offshore clients and markets.

• The ability to use risk analytics, stress tests, scenario analysis relating to market risk, counterparty risks, liquidity and other risks impacting the sales & trading business.

• Strong team player, able to work within the global structure of Nomura, and liaise with the local trading team abroad 

• Highly motivated, self-sufficient, innovative, able to challenge the status quo, develop or advance ideas and work with small teams as well as represent the business Individual Contributor

• Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role

• Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations

Skills, experience, qualifications and knowledge required:

• A minimum degree in Finance, Engineering or Economic 

• Fluent in English

• At least 3 years of previous experience in trading Asian NDFs, Spots or Swaps

• Experience as a Market Maker for CNY, SGD, HKD, THB, PHP  in London and/or other Asian countries.

• Ability to develop algorithms, risk and pricing models - yield curves, basis and swaps pricers for various currencies

• Exposure to programming in Matlab, SQL and/or Q

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

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.

Right to Work

Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment.  A member of staff will be happy to help.

Nomura is an Equal Opportunity Employer