Job Title:  FIN_Global Middle Office_ED

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:

 Valuations Control at Nomura is primarily responsible for understanding, reviewing and testing the marks and valuation adjustments used to value trading positions. The main functional responsibilities include frequent IPV; ensuring that the appropriate accounting principles and reserves are applied to reach fair value; calculation of Prudential Valuation capital adjustment; development and application of rules for fair value hierarchy classification; partnering with the Front Office and other support groups in facilitating and approving new products and initiatives, in particular determining reserving and revenue recognition approaches. This involves a close working relationship with the Front Office as well as all primary support partners including Market, Credit and Model Risk Management, Quants, Operations, other Finance teams and Legal.

What We Offer:

• We support employee wellbeing by ensuring a sense of purpose and belonging. 
• We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey. 
• Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.

Position Specifications:

Role & Responsibilities:

• • Supporting the overall management and development of the EMEA Valuations Control team and working across regions to drive consistency
  • Manage the team performing IPV for full spectrum of Vanilla and Exotic Credit Products across all businesses, including the review of the marking of CVA exposures. 
  • Determining methodology for and computation of relevant valuation adjustments 
  • Responsible for management reporting of IPV, including detailed analysis of desk marking trends
  • Extensive degree of Front Office Trading and Quants, Product Control, MVG, Finance and senior management interaction
  • Opining on revenue recognition and reserving for new product / transaction approvals
  • Training and supervising Mumbai offshore centre to ensure appropriate, and accurate testing
  • Leading Valuation Control’s response to regulatory requirements / requests (e.g. Prudent Valuation, Trading Wind Down)
  • Regular internal IPV and reserves reporting and audit / SOX related reporting
  • Supporting the resolution of collateral disputes on credit products
  • Reviewing, designing and enhancing controls, including an appreciation of digital tools and how this can be applied in a controlled and effective manner
  • Responsibility for Fair Value Hierarchy classification for Credit products and Significant Unobservable disclosures under FAS157
  • Computation of quarterly Prudent Valuation Adjustments and enhancing methodologies over time

Skills, experience, qualifications and knowledge required:

• • Numerical degree with history of strong academic performance required.

• • Additional professional qualification from top university or institution preferable (ACA/CIMA, CQF, CFA, FRM, PRMIA).

• • Strong IPV experience and product knowledge

• • Excellent written and oral communication skills required given the level of exposure to all levels of seniority and experience across businesses and regions.

• • Experience in responding to regulator requests

• • Digital tool awareness 

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.

*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).