Job Title:  FIN_Global Middle Office_AN

Job Code:  11525
Country:  IN
City:  Mumbai
Skill Category:  Finance Middle Office
Description: 

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:

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.

 

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.

Roles & Responsibility:

  • 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 day-to-day process delivery and supervisory controls.
  • 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

 

Position Specifications:

 Experience :5 - 8 years

Qualification : Graduate / MBA