Job Title: FIN_Global Middle Office_AN
Nomura Overview:
Nomura Services, India is a core centre of excellence powering 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 shaping, strengthening, and accelerating Nomura'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 2021.
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 firm’s 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:
Equity Middle Office provides support to Front Office trading desk and Regional MO counterparts in managing risk. Middle office ensures trade bookings are properly captured in the risk management system. Middle Office is part of Operations division, due to their critical role; Middle Office always acts in tandem with Front Office & Back Office (confirmations, settlements, collateral, etc) and is responsible for risk and P&L controls.
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 and Responsibilities:
- The middle office plays numerous roles in financial services organisations and investment banking. It ensures that deals negotiated during financial transactions are processed, booked, and fulfilled. Workers manage global agreements concerning business transactions, risk management, and profit and loss .
- Person working in middle office function will support Lifecycle Management activities for structured and vanilla products.
- Monitoring, calculation and booking authentication in MO system for numerous events
- Included in structured products like coupon, Rate Resets, expiry along with early termination. Liaising with different teams like regional desk assistant, settlement etc. on daily basis for any o/s queries resolution. Monitoring vanilla option unwinds and expiries.
- Ongoing Trade maintenance Manage trade lifecycle events such as resets, fixings, substitutions, expiries, and Maturities
- Investigate and resolve position breaks
- Work closely with Front and Back Office to resolve breaks (e.g. Cash, Positions, Dividend fixing etc.)
Mandatory Skill Set :
- Strong Analytical skills knowledge of OTC Derivatives and structured products like ELN, Auto callable
- Strong MS & Excel skills
- Good communication skills
Desired Skill Set :
- Team player & Team Leader
- Relations management internal & external counter parts
- Ability to multi-task and work to tight deadlines
- Exceptional Attention to detail strong trade Life Cycle
Position Specifications:
Experience :0-3 years
Qualification : Graduate / MBA