Job Title: FIN_Global Middle Office_AS

Job Code: 9674

Country: IN

City: Mumbai

Skill Category: Finance Middle Office

Description:

Job Description for Finance – Product Control - Associate

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 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.

Position Specifications:

Corporate Title	Associate
Functional Title	Associate
Experience	6-10 years
Qualification	MBA Finance or CA

Role & Responsibilities:

	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 relevant controls are adhered to.
	To coordinate for 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.
	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 Comprehensive Process Management and Ownership review.

Key Skills:

	Mandatory	Desired
Domain	Through understanding of the product types traded by the desk and understanding Fixed Income business.	Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.
Domain	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.	Should be able to articulate, explain and defend the view point on issues and result of analysis.
Technical	MS office - Intermediate level	Good understand of the valuation of all products under their control
Technical	Strong presentation skills, ability to communicate clearly and effectively in both oral and written form	Good communication skills - both oral and written form, basic VBA skills

Nomura Leadership Behaviours:

Leadership Behaviours	Description	Element
Exploring Insights & Vision	Comprehensively analyse the nature of the problems we face and set our focus toward the future vision	Gather Intelligence Create a vision Identify an issue
Making Strategic Decisions	Analyse options and feasibility to resolve issues, in making judgments and recommendations	Identify countermeasures Assess feasibility Make a judgment
Inspiring Entrepreneurship in People	Promotes the vision and goals to others in such a way that inspires commitment and independent contributions	Influence Inspire Commit
Elevating Organizational Capacity	Maximize organizational productivity through leadership development and engagement	Have an ownership in own development Support other‘s growth Encourage organizational growth
Inclusion	Respect diverse perspectives and promote psychological safety and the creation of a risk culture	Foster psychological safety Encourage the active participation of all talent Foster a risk culture

The firm is an equal opportunity employer, and we are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. The firm and its affiliates prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.