Job Title:  Senior FX Correlation 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

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.

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 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.

Nomura provides 24-hour global coverage in the Foreign Exchange (FX) markets.  With clients placed at the heart of its strategy, Nomura FX offers a comprehensive range of FX capabilities through dedicated professionals and market-leading technology in all major currencies and emerging markets.  Nomura’s main FX trading hubs are in London, Tokyo, Singapore and New York.

Role description:

• Be the lead trader on the Global Correlation trading book

• Manage the development and execution of correlation trading strategies, aligning with the overall business goals and market trends.

• Management of risk associated with FX options trading activities, ensuring team/overall book compliance with risk limits and regulatory requirements.

• Lead/influence other traders and desk strategists to develop pricing models and strategies for FX options products, ensuring competitiveness in the market.

• Coordinate trading activities across the global correlation book, ensuring a cohesive and forward-looking approach.

• Mentor other traders, providing guidance and support to achieve trading objectives.

• Collaborate with the sales team to help service clients’ needs whilst building lasting relationships and franchise. Where possible encouraging an innovative “best on street” approach.

• Lead the global correlation trading team to produce steady revenue stream from market knowledge and responsible idea-driven risk-taking.  

• Leverage client flow and market events for the benefit of the client base and Nomura.

• Maintain a clear and concise communication channel with senior management and encourage a culture to Challenge, Escalate and Respect within the working environment.

Skills, experience, qualifications and knowledge required

• Considerable previous experience working within Correlation Trading

• Excellent communication skills with proven experience in communicating with international teams

• Strong relationship building skills especially across trading and sales coordination

• Keen attention to detail.

• Strong understanding of regulatory environment

• Highly motivated with an entrepreneurial mindset and ability to understand the client’s needs

• Demonstrates strong emergent leadership skills supported by ability to collaborate across team, function and region

• Demonstrates professional ethics and leads by example in building Nomura culture

• Works closely with front office and corporate team members

Nomura competencies

Trusted Partner

• Gain the trust of clients and society by exhibiting high values and morale

• Raise Nomura’s corporate value through various activities, and win the trust of stakeholders

Entrepreneurial leadership

• Drive change across the organization by predicting change in the environment, create ideas for new business, and promote business model and organizational change

Teamwork

Collaboration

• Collaborate with different stakeholders and use this diversity to serve the interest and development of Nomura Group and society at large

Influence

• Drive strategies of Nomura Group and achieve organizational goals

Integrity

Influence others to understand the significance and importance of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly, provide necessary guidance and training to others, and maintain a high standard

Right to Work
The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role. 

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.