Job Title:  FIN_Global Middle Office_AS

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. 

About the Role

We are looking for dynamic and detail-oriented individuals to join our Product Control team at the Analyst level. The team plays a critical role in ensuring the integrity of financial reporting by providing timely and accurate daily P&L reporting, balance sheet substantiation and supporting Front Office with strategic business decision-making.

The incumbent will gain exposure across multiple asset classes including Equities, Fixed Income, FX, Credit and Derivatives (Listed and OTC). This role is an excellent platform to develop a deep understanding of financial products, valuation techniques, risk management principles, and regulatory frameworks in a global investment banking environment.

Key Responsibilities

Daily P&L and Risk Reporting

• Review of daily P&L reports for assigned trading desks.
• Analyze P&L drivers including new deals, market movements, and hedging activities.
• Reconcile trader-reported risk P&L with independently calculated P&L.
• Explain P&L variances through interaction with trading desks, risk division and operations teams.

Balance Sheet Substantiation

• Ensure completeness and accuracy of trading-related balance sheet accounts.
• Perform daily and monthly reconciliations with Front Office systems and General Ledger.
• Review and challenge valuations, funding adjustments, and reserves.

Valuation Control

• Analysis of pricing inputs for various products
• Work closely with Valuation Control and Market Risk teams on fair value hierarchy classifications and reserving methodologies.

Month-End and Quarter-End Responsibilities

• Assist in month-end close, including revenue recognition, adjustment bookings and disclosures
• Prepare detailed commentary on P&L and balance sheet movements for senior Finance and Business stakeholders
• Support external audit and regulatory reporting requirements

Control and Governance

• Maintain a strong control environment ensuring compliance with firm policies, regulatory standards, and industry best practices.
• Proactively identify control gaps, propose solutions, and drive remediation efforts.

Process Optimization and Automation

• Streamline existing reporting processes through automation (using Power Query, VBA, Python, or similar tools).
• Participate in global finance transformation initiatives aimed at enhancing efficiency, data quality, and analytics capability.

Work Experience:

• 0–4 years of relevant experience in Product Control, Middle Office, Financial Control, or Risk Management at a leading investment bank or Big 4 firm.
• Exposure to trading businesses across Equities, Fixed Income, FX and Derivatives preferred.
• Educational Background: Professional certifications - CA, CFA

Technical Skills:

• Good understanding of the Financial Markets as they relate to the Products under their control Strong analytical skills and detail oriented
• Broad understanding of the product types traded by the desk and any valuation issues thereof
• Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management
• Good understanding of the P&L production and reporting methodology for the P&L’s
• Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required
• Good understand of the valuation of all products under their control
• Strong knowledge of key Financial Reporting
• Basic understanding of accounting principles
• Broad overview of Product Control’s interaction with Regulatory Reporting
• Strong MS Excel skills 
• Experience with automation / reporting tools (e.g., SQL, Power BI, Power Query) is a strong plus.

Behavioral Competencies:

• Highly analytical mindset with attention to detail and critical thinking ability.
• Ability to work independently and collaboratively in a fast-paced, deadline-driven environment.
• Strong interpersonal and communication skills to partner effectively with Front Office, Risk, Operations, and global Finance teams.
• Ownership mindset, high integrity, and proactive approach to problem solving.

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.