Job Title: FIN_Global Middle Office_AN
Job Description for Finance Middle Office Structured Deal Review Analyst 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.
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 Deal Review process is one element of a wider control framework that ensures the accuracy of trade bookings and the correct representation of trades in the risk booking systems. It validates that, for all in-scope deals, all economic parameters captured in the trade booking are thoroughly reviewed, documented and recorded.
Specifically the deal review process addresses the risk of booking errors or misrepresentation in books & records for trades where there is no direct link between the trade ticket and the final trade confirmation, together with other non-standard trade types as defined in the Global Deal Review Policy.
Position Specifications:
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Corporate Title |
Analyst |
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Functional Title |
Analyst / Senior Analyst |
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Experience |
0 3 Yrs |
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Qualification |
MBA (Finance)+ FRM (Preferred) |
Role & Responsibilities:
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The deal review process requires in-depth understanding of the trade structure of exotic financial products as well as expected payoffs at different time intervals in order to identify material risks with respect to booking methodology issues and trade documentation. Propose booking methodology and documentation amendments Perform scenario testing to ensure the model accurately captures the cash flow at different time intervals. To ensure the model is capable of handling all the contractual features of a trade. The role requires extensive liaising with the traders, regional stakeholders, documentation teams, Model Validation Group and quants team To generate various control MIS related to deal review To furnish KRIs/ KPIs to senior management To develop automated solutions in order to carry out deal reviews and associated processes to further strengthen the controls |
Mind Set:
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Mandatory |
Desired |
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Domain |
Good knowledge and understanding of financial products such as options, CDS, Securitized products, IRS etc.
Understanding of the fundamentals of options and option pricing. Knowledge of Option Greeks, yield curve, forward rates, discounting is required. |
Understanding of exotic derivative products such as barrier options, range accrual securities, CLNs etc.
Identifies and pursues innovative business initiatives |
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Technical |
Good excel skills essential Strong analytical and problem solving skills |
Knowledge of Python, Alteryx, Power BI etc. would be an added advantage |