Job Title:  Associate

Nomura 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.

Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations.

At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards. 

Divisional Overview:

Global Middle Office (GMO) is a control function focussed on the integrity of key transactional, risk and financial data and reporting. GMO will also perform an Advisory role partnering with the business and management to help deliver the firm-wide strategy. To achieve this GMO will leverage the latest Digital Innovation & Automation (DI&A) opportunities to optimize GMO’s efficiency and operating model. Key Responsibilities include:

• Data Management:

Providing a complete and validated data set of transactional information, efficiencies in the production and proactive management of these data sets

• Control:

Provide assurance on accuracy of firms financial statements through daily PL validation, Risk Model inputs, Proactive management of internal inventory and collateral obligations to ensure key liquidity / collateral requirements are optimized

• Advisory:

Provide business support and oversight on new products/transactions, financial resources, liquidity management and trade bookings. Propose and implement FTB process improvements; institute performance analytics; and help navigate regulatory, industry and account changes

Business Unit Overview:

The Structured Products GMO team based in Powai is continuously and actively engaged in supporting Nomura's Structured businesses. The team supports a varied range of bespoke Fixed Income products offered by Nomura to its clients. The team plays a pivotal role between the Front office and the counterparties and also acts as an internal liaison with other teams in Nomura ranging from Information Technology, Core Operations, Client Service Representatives, Transition Management Group, Data Management etc.

What We Offer:

• We support employee wellbeing by ensuring a sense of purpose and belonging.
• We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
• Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.

Position Specifications:

Experience :8 -12 years

Qualification :Graduate/ MBA

Roles and Responsibilities:

• Provide Transaction control and support services to the Structured Product desk [ Credit, Rates, Insurance]
• Would be responsible for trade reconciliation, blotters, life cycle management, MIS
• Frequent real time interactions with the front office and the regional middle office to resolve trade discrepancies
• Provide analytics and insights to GMO management
• Brainstorm ideas to improve process efficacy and reduce operational risk

Skillsets: -

• The candidate should possess a strong knowledge and experience of derivatives in a particular asset class, preferably Rates and/or Credit and the ability to understand complex financial products and structures, and trade/system flows.
• Experience in a middle office environment or similar business facing control environment
• Have a deep understanding of investment bank products and processes with a track record of process improvement and development, and a high level of attention of detail.
• Should have the ability to balance demand, thinking holistically around process change.
• Be a strong communicator, be able to build relationships and challenge stakeholders appropriately.
• Demonstrate agility and a willingness to adapt to and respond positively to changing trends and agendas and demonstrate an ability to lead and inspire across your peers and directs.
• Knowledge of digital tools or programming languages is desirable (Python, VBA, SQL, Alteryx, Power-BI etc.)