Job Title:  FIN_Global Middle Office_AS

-Treasury Product control (Associate)- Manager

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. 

Nomura is an equal opportunities employer. We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career’s responsibilities, sexual orientation, gender identity, race, color, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.

Divisional Overview:

The core responsibility of the Product Control group is to develop and maintain a strong control infrastructure around the revenue generating capabilities of the firm. Product Control seeks to challenge and partner the business in order to optimize financial returns.

The core responsibility of the Capital Markets Product Control group is to develop and maintain a strong control Infrastructure around the revenue generating capabilities of the firm. Product Control seeks to challenge and Partner the business in order to optimize financial returns.

Business Unit Overview:

The Treasury Product Control function serves as a core finance control function, focusing on the management of the Funds Transfer Pricing process, as well as the analysis and monitoring of Unsecured Funding (UF) usage across the business.  This role supports the Treasury Funding Desk, Planning team, and the Business, by ensuring the accuracy of our UF reporting, providing related MI to senior management, and the reconciliation and analysis of Treasury PL.

Position Specifications:

Role & Responsibilities:

• Daily UF monitoring and projections, Treasury PL review and analysis
• Understanding daily summary of funding charges, including day-over-day variance analysis
• Interaction with Trading, Operations, and Other Product Control Groups to resolve booking, valuation, and financial resource usage related issues.
• Understanding drivers of UF movements across various businesses
• Ensure daily and monthly P&L is accurately reported to the FO.
• Preparation and review of Guarantee exposure reports/ day on day movement on daily basis.
• 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.
• Ensuring proper controls are in place as measured by KRI metrics
• Closing of the firm’s books and records, including required manual journal entries and Balance Sheet substantiation
• Ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting.
• Periodic review of various internal policies and controls and implement any change required.
• Independently handle various audit requirement of regulatory audit, internal audit, statutory audit & other compliance reviews along with working towards the closure of audit findings.
• Liaising with other internal and external areas of finance to ensure timely resolution of queries and timely completion of Project assigned.
• Independently handle PC related projects
• Ensuring that sufficient backs up are created for all team deliverables
• Keeping stakeholders and management informed about any process/team related issues.

The ideal candidate will have:

• General Product Control experience, preferred with a focus on Treasury Products and asset classes but not essential.
• Ability to multitask in a fast paced, results oriented environment.
• Experience working across global teams and functions.
• Team player, proactive, self-starter, who can be dynamic and detailed oriented.
• Organized, capable of prioritizing work in order to meet deadlines.
• Strong analytical and problem solving skills with the ability to digest information quickly.
• Proficiency in Microsoft Office Suite
• Excellent communication and interpersonal skill with an ability to clearly articulate complex issues to management, corporate partners, Global Markets, and client base

Mandatory Skill Set :

• Demonstrates a good understanding (features & payoff) of financial products such as Bonds, loans, Forwards, Swaps, Futures & Options (including exotic options), and the relevant greeks and sensitivities involved
• Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management Good Logical reasoning skills, ability to apply existing knowledge to take logical approach while solving new un-seen issues.
• Knowledge of Database e.g.: SQL, MS Access
• Strong presentation skills, ability to communicate clearly and effectively in both oral and written form

Desired Skill Set :

• Demonstrates an expert-level understanding of various pricing / valuation methodologies

• Should be able to articulate, explain and defend the view point on issues and result of analysis

• Good communication skills - both oral and written form, basic VBA skills