Job Title: FIN_Global Middle Office_AN
Finance – Middle Office - GMO Collateral Management - Analyst – Senior Analyst
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..
Division Overview:
Global Middle Office (GMO) is a control function focused 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:
Collateral management is the process of evaluating the exposure of counterparty on a portfolio level and exchanging collateral to cover this exposure or risk of loss on trades. The margin team ensures that exposure is reduced in a timely manner, escalates delinquent calls to senior management when necessary, and reports the daily status on these margin calls
Position Specifications:
Corporate Title |
Analyst |
|
Functional Title |
Senior Analyst |
|
Experience |
2 - 4 years |
|
Qualification |
|
Role & Responsibilities:
- Daily Margin Call Management for OTC, Repo, PB & MSFTA including but not limited to issuance and response of/to Variation & Initial Margin Calls.
- To ensure-to-day process delivery and supervisory controls.
Adherence to all process KPI’s and KRI targets.
- Establish effective working relationships with peer group, and internal/external clients.
- Primary escalation point for all technical/process issues for the markets/processes in scope.
- Continually look for improvements to processes within functional area.
- Ensure that all process documentation is complete and reviewed regularly.
- Review and control of the daily/monthly/weekly process MIS and reports.
- To ensure that there is adequate cross training within the team, and sufficient backups are available for each process.
- To manage/contribute to any change/system enhancement projects impacting the team/process as required.
Mandatory Skill Set :
- Required Enhanced computer skills, MS Excel Good written and verbal communication skills
- Ability to handle multiple tasks at one time
- Good team player, ready to work in shifts. Time management and prioritization skills. Ability to handle pressure, high volume and risk.
- SME in Collateral Management with understanding of upstream booking and downstream settlement processes.
- Knowledge & Experience of systems like Acadia, Trioptima.
- Graduate with relevant experience in Investment Banking operations, preferably in a similar process or MBA Finance or relevant post graduate finance qualification.
- Working knowledge of Digital tools like Alteryx, Python.
Desired Skill Set :
- Desired Understanding of the whole trade life cycle. Experience in IB operations Collateral management