Job Title:  FIN_Global Middle Office_AN

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: 

The Equity Middle Office team based in Powai is continuously and actively engaged in supporting Nomura's Equity business spread across EMEA, Americas, Asia and Oceania regions. Equity Operations supports the entire gamut of Equities product franchise offered by Nomura to its clients. The Equity MO plays a pivotal role between Clients and Front Offices on one side and Nomura's in house teams and divisions ranging from Information Technology, Core Operations, Corporate Actions, Client Service Representatives, Transition Management Group, Client Margins, Data Management and Operations Control on the other. 

Business Unit Overview:

Prime Middle Office forms part of Equity Middle Office. Prime manages equity products directly or indirectly pertaining to clients who are deemed Prime by Nomura. The Prime Middle Office covers swap business, stock loan borrowing & lending and prime brokerage business across EMEA, AEJ and Japan. The process involves communicating with clients, traders and sales team. The MO team is responsible for the various trade and position reconciliations to ensure all positions in the Front office are in line with the Middle Office systems. This position is required to liaise mainly with other Middle offices, IT, legal, settlements, corporate action teams, risk and any other teams necessary.

Prime Brokerage Middle Office team is accountable for end to end transaction management lifecycle for their respective client coverage. This includes trade capture, settlement exceptions and cash management. The team closely work with various internal teams and external clients to ensure Settlements and Margin is executed appropriately.  

Following are the broad classification of the functions under Prime Middle Office

Trade Capture/Support

Life Cycle Management

Exceptions Monitoring

System/Risk reconciliation

Client Servicing/ Reporting

Fails Management

The Prime Middle Office team plays an important role in establishing, maintaining strong working relationships with clients/ counterparts. 

Position Specifications:

Requirements :

• Experience of working in Equity products required with SME knowledge on Stock Borrow Loan function (Equity Financing).
• Advance level product knowledge and to cover Equities and Derivatives
• Experience in APAC/European markets, settlements and reconciliations preferred
• Strong time management skills required to meet the internal and external deadlines/cutoffs
• Excellent verbal and written communication skills, and adept at communicating with all levels of the business and technical parts of the organization
• Knowledge of Global Markets and settlement practices
• Key roles & responsibilities·
• Managing day to day SBL processing including Trade bookings. Amendments and exception processing.
• Position Management and asset optimization
• Counterparty Exposure Management
• Fails and Inventory Management
• Experience within Collateral Management for SBL desk
• To perform as an independent control team to strengthen all the control within Global Market Operations and to follow the escalation rule
• Reconciling trades into the matching platform and working with internal stakeholders and trading desk to reconcile mismatches.

Qualification, Experience & Skills:

• Should be able to work independently and manage tight deadlines, should possess excellent communication skills and familiarity with financial abbreviations and basic functioning of Fixed Income market. 
• Should be Enthusiastic / High energy / should be able to suggest solutions.

Mandatory Skill Set :

• Required Subject matter expertise on multiple markets. Proven track record of having successfully managed different processes/ multiple teams 
• Awareness and understanding of the regulatory requirements Time management and prioritization skills. Accurate work in a pressurized environment. Ability to work to tight deadlines.
• Good interpersonal skills.
• Understanding of the trade life cycle Desired Quality/Process improvement/Change management experience

Desired Skill Set :

• Leadership skills, People and conflict management, Mentoring and coaching skills
• Ability to handle pressure, high volume and risk. 
• Accurate work in a pressurized environment.
• Ability to work to tight deadlines.
• Good interpersonal skills

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates