Job Title:  FIN_Global Middle Office_AS

Job Description for Finance  – Middle Office-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 focused 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:

The Middle Office role involves the team to provide operational support to the Front Office globally, it involves functions like Trade validation, trade confirmation, management information and reporting, reconciliations, gateway management, lifecycle management, regulatory monitoring and much more. It also involves liaising with different stakeholders globally within and outside the Finance division.

Position Specifications:

Role & Responsibilities:

• Execution and management of lifecycle events – Monitoring the bookings and its authentication in MO system for numerous events like coupon, Rate Resets, expiry along with early termination, credit events, novation’s etc.
• Liaising with different teams like regional desk assistant, settlement, product control etc. daily for any outstanding queries resolution.  Monitoring vanilla option unwinds and expiries.
• Investigate and resolve reconciliation breaks – Work closely with Front and Back Office to resolve breaks (e.g. Cash, Positions, etc.)
• Demonstrate an understanding of front to back trade flows as well as Risk and P&L.
• Investigation and resolution of position and trade exceptions through daily reconciliations.
• Verification and production of various regulatory reports.
• Contribute to new business or process change initiatives through collaboration with the team manager. Help drive best practice and perform UAT to ensure a successful rollout of any initiatives.
• Be able to contribute toward automation and streamlining of any functions within the MO team.
• Build a strong network across multiple departments within the firm such as Trading, Operations, Compliance, Audit, Technology, and other areas of Finance.
• Maintain oversight of offshore tasks to ensure timely and accurate completion of team responsibilities. This will involve continuous review of KRI’s and EOD summaries.
• Drive the Risk agenda for the team. Proactively identify and remediate control gaps.
• Governance of daily BAU along with managing escalations and liaising with global stakeholders.

Key Skills:

• Strong understanding of Investment banking products and trading activities especially on the Cash Bonds and Fixed Income OTC Derivatives. (required)
• Able to handle escalations and liaise with global stakeholders.
• Managing daily BAU governance
• In-depth knowledge of middle office functions including product control, settlements, and collateral management. (required)
• Comprehensive understanding of risk management and reporting process. (required)
• Strong analytical skills with attention to detail and ability to identify control gaps (required)
• Confident individual with excellent verbal and written communication skills with ability to be direct and concise (required)
• Proven ability to work under pressure and meet tight deadlines (required)
• Experience in stakeholder management and ability to challenge senior management effectively (required)
• Strong understanding of reconciliation process and break analysis (required)
• Self-motivated with ability to work independently and with minimal supervision (required)
• Adaptable to change (required)
• Ability to drive innovations.
• Exposure to automation / digital transformation projects in data analysis and visualization space
•  

Systems skills:

• Advanced Excel & PowerPoint (required)
• PowerBi (advantage)
• SharePoint (advantage)
• Macros, & VBA. (advantage)
• Alteryx, Tableau, RPA (advantage)
• Confluence (advantage)
•  

Personal Qualities:

• Strong attention to detail while maintaining big picture perspective.
• Ability to work effectively under pressure.
• Team Management
• Proactive & Self-Motivated approach.
• Analytical mindset with problem-solving orientation.
• High-level of professional integrity
• Strong team player with ability to mentor others within the team.

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.