Nomura Overview:
Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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 across four international regions.
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.
Business Overview:
Product Control Team reports T+1 Trading P&L for all the regions across various asset classes. The primary responsibility for a product controller is to produce P&L for the trading desk, substantiate the P&L numbers, explain the P&L to both the traders and onshore regional controllers and ensure that they maintain a ‘control’ environment.
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.
Position Specifications:
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Corporate Title
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Analyst
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Functional Title
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Sr.Analyst
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Experience
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1 – 4 years
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Qualification
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CA or MBA in Finance
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Requisition No.
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12587
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Role & Responsibilities:
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- To ensure that the daily P & L is accurately reported to the FO & reconciled between P & L tools & management reporting tools.
- To ensure that the relevant P&L and Balance sheet positions are correctly reported at month ends and that the applicable reconciliations have been completed and all issues identified/resolved.
- Providing daily commentary on P&L swings and variance investigation to Front office traders and senior finance managers
- To ensure that the controls are adhered to.
- To coordinate the completion and delivery of the tasks allocated to the team.
- To provide advice to the business on the P&L impact of trades and the interaction of the Front and Back Office systems, especially regarding trades and proposed new workflows.
- To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting.
- To ensure that Global policies are adhered to at all times and are kept fully up to date with any changes in the business requirements
- To act as trouble shooter within the team.
Skills required:
- Strong knowledge of key Financial Reporting.
- Prior experience of Rates PC is an advantage.
- Basic understanding of Greeks. (Delta, Gamma, Theta).
- Strong analytical skills and detail oriented
- Broad understanding of the product types traded by the desk and any valuation issues thereof.
- Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management.
- Good understanding of the P&L production and reporting methodology for the P&L’s.
- Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.
- Good understand of the valuation of all products under their control
- Broad overview of Product Control’s interaction with Regulatory Reporting
- Confident in double entry accounting associated with products under their control
- Awareness of all Global Policies that impact the area that they control
- MS office - Intermediate level
- Ability to train other members of Finance on the products.
- Good understanding of the Financial Markets as they relate to the Products under their control.
- Ability to work to tight daily and monthly deadlines
- Strong presentation skills, ability to communicate clearly and effectively in both oral and written form
- Ability to liaise and interact effectively with other departments such as Valuations, Operations, Regional counterparts and Front Office
- Highly driven and motivated individual who challenges existing processes with a view to improvement.
- Ability to cover almost all other roles within the team structure
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Mind Set:
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Mandatory
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Desired
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Domain
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- Fixed income accounting
- Risk Attribution
- Advance excel
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- Python,
- Power- BI, Alteryx
- Fi – Valuations
- VBA
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Technical
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- Bonds
- Futures and Options
- Swaps
- Swaptions
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- Valuations
- Trading strategies
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