Job Title:  FIN_Global Middle Office_AS

Job Description for Operations – GMBS EQ – Prime Middle Office

Nomura Overview:

Nomura is an Asia-based 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 three business divisions: Retail, Asset 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, (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.

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.

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:

Experience :6-10 years

Qualification :Graduate / MBA

Roles & Responsibilities:

• Prime Middle Office team is a client service centric process. Hence it requires lots of interaction with clients, Sales Persons, Desk Assistants and other various team involved in downstream processing.
• Effectively manage all risks and exposures associated with the various trading activities across the books and ensure all exceptions have been closed out in a timely manner.
• Risk Management between Front End & Middle Office system
• This position requires liaising with respective regional Trader’s, desk assistants, Sales Persons & other regional middle office teams.
• The individual needs to work very closely with the desks and ensure all checks are completed with 100% accuracy, within the timelines mentioned in SLA.
• Requires strong attention to details, should have very good understanding on Equity Derivatives
• Monitoring & resolving inter-system trade exceptions
• Client query management
• Inter-system and inter entity reconciliations
• Monitoring and tracking KRI/MIS, reporting.
• Resolving issues raised by various teams

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.