Job Title:  FIN_Global Middle Office_AS

Job Description for Finance –IPV- 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 Unit Overview:

Valuation Control team in Mumbai is setup as an extension of the Product Control teams in each of the regions. Valuation Control is an integral part of the Product Control function where Independent Price Verification is performed. Under Independent Price Verification Price Testing and Reserve Calculation is done for various positions on Cash, Credit, Rates, FX and Commodity out of Powai Position Specifications:

Role & Responsibilities:

• Independent price verification of various products for Rates/FX, Credit, Equities, Insurance, Variable Annuity for positions across Global Valuation team   
• Hands-on experience of BBG and various market data sources
• Calculating the variances for portfolio vis-a-vis independent prices obtained through external market agencies or priced through in-house valuation models using external input/parameters 
• Help ensure that Nomura’s Balance Sheet presents a true and fair view of cash /derivative trading positions 
• Investigating significant variances and tolerance breaches, untested positions, heat maps & handling queries from trading related to valuation/prices provided 
• Involved in calculation of Bid Offer & Model reserves across asset classes
• Reporting and MIS pack preparation for Senior PC management, Front Office, Risk Management and Finance 
• Supervising and reviewing deliverable for the team along with normal BAU
• Independently handling regular senior stakeholder communications and audit queries
• Driving methodology consistency across regions for all asset classes & contributing to Global valuation transformation initiatives 
• Exhibit advanced domain, product and market knowledge 
• Possess excellent problem solving and communication skills 
• Work closely with a wide range of teams locally & globally across functions under tight deadlines
• Good Python programming skills and hands on experience on Alteryx is advantage

Mandatory Skill Set :

• Demonstrates a good understanding (features & payoff) of financial products such as Forwards, Swaps, Futures & Options (including exotic options), and the relevant greeks and sensitivities involved.
• Strong communication skills and attention to details
• Knowledge of Database e.g.: SQL, MS Access
• Strong Excel skills coupled with VBA and/or Python programming experience.
• Strong analytical skills

Desired Skill Set :

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

 Nomura Leadership Behaviours:

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We 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.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.