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Job Title:  Associate

Job Code:  5780
Country:  IN
City:  Mumbai
Skill Category:  Finance Middle Office
Description: 

Nomura Overview:

 

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

 

Nomura Services India, (Powai) supports Nomura’s businesses around the world. Powai’ s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura’s global operations and are an integral part of Nomura’s global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura’s global business. 

 

Nomura is an equal opportunities employer. We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career’s responsibilities, sexual orientation, gender identity, race, color, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.

 

Divisional Overview:

The core responsibility of the Product Control group is to develop and maintain a strong control infrastructure around the revenue generating capabilities of the firm. Product Control seeks to challenge and partner the business in order to optimize financial returns.

 

The core responsibility of the Capital Markets Product Control group is to develop and maintain a strong control Infrastructure around the revenue generating capabilities of the firm. Product Control seeks to challenge and Partner the business in order to optimize financial returns.

 

 

Business Unit Overview:

Valuation Control team in Mumbai is setup as an extension of the Product Control teams in each of the regions. Valuation Control is an integral part of the Product Control function where Independent Price Verification is performed. Under Independent Price Verification Price Testing and Reserve Calculation is done for various positions on Cash, Credit, Rates, FX and Commodity out of Powai Position Specifications:

 

Position Specifications :

Experience - 6-8 yrs

Qualification  -MBA (Finance)/ CFA

 

 

 

Role & Responsibilities:

           

    • Independent price verification of various products for SPG, Credit, Rates/FX & Equities for positions across Global Valuation team
    • Hands-on experience of BBG/YB/Intex and knowledge of MBS and other securitized products’ pricing desirable
    • Calculating the variances for portfolio vis-a-vis independent prices obtained through external market agencies or priced through in-house valuation models using external input/parameters 
    • Help ensure that Nomura’s Balance Sheet presents a true and fair view of cash /derivative trading positions 
    • Investigating significant variances and tolerance breaches, untested positions, heat maps & handling queries from trading related to valuation/prices provided 
    • Involved in calculation of Bid Offer reserves across asset classes
    • Reporting and MIS pack preparation for Senior PC management, Front Office, Risk Management and Finance 
    • Supervising and reviewing deliverable for the team along with normal BAU
    • Independently handling regular senior stakeholder communications and audit queries
    • Driving methodology consistency across regions for all asset classes & contributing to Global valuation transformation initiatives 
    • Exhibit advanced domain, product and market knowledge 
    • Possess excellent problem solving and communication skills
    • Work closely with a wide range of teams locally & globally across functions under tight deadline
    • Good Python programming skills and hands on experience on Alteryx.

 

Mandatory Skill Set :

 

  • Demonstrates a good understanding (features & payoff) of financial products such as Forwards, Swaps, Futures & Options (including exotic options), and the relevant greeks and sensitivities involved.
  • Strong communication skills and attention to details
  • Knowledge of Database e.g.: SQL, MS Access
  • Strong Excel skills coupled with VBA and/or Python programming experience.
  • Strong analytical skills

 

Desired Skill Set :

 

Demonstrates an expert-level understanding of various pricing / valuatio

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