Job Title:  FIN_Grp Fin Cntrl_AS

Job Code:  10336
Country:  IN
City:  Mumbai
Skill Category:  Finance
Description: 

Nomura Overview:
Nomura is a global f inancial 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 f irm 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, f inancial control, operations, risk
management and legal support, the f irm plays a key role in facilitating t he 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:
Powai entity (NSIPL) is an integral part of Nomura where mostly support functions are
delivered out of this entity. Mainly this entity is an extension of regional teams who are
supporting the onshore teams through of fshore unit, which is Powai.
Financial Control & Regulatory Reporting (FCR) is a key function of the Finance Department,
which has an excellent reputation within the bank and externally. We pride ourselves on our
professionalism within a department with a culture that encourages dynamism and flexibility.
We mainly support Nomura Wholesale business with limited support for Asset Management
entities, which based out of Asia.
Senior management takes a hands-on approach within the department, and is keen to reward
hard work, enthusiasm and success. A willingness to constantly question established
processes, and strive for improvements is actively encouraged, leading to an ever changing
and exciting environment. Nomura presents a unique opportunity to learn and gain experience
of a broad range of products and business lines within a supportive setting and surrounded
by skilled professionals.
The Reporting team is based both onshore and of fshore in Mumbai. The team in Mumbai
performs the majority of reporting and a significant proportion of monthly reporting. Along with
the reporting, team is also involved in value added projects, which are part of Global Project
portfolio with high emphasis on technical and technological aspects including, but not limited
to Fintech initiatives.

 

 

Business Overview:
Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.
Wealth Management Division provides comprehensive asset management services that meet the diverse needs of individuals and corporate clients through our network of retail offices and digital channels nationwide.
Investment Management Division provides various investment products and services, including investment trusts, discretionary investment services, and private funds to individual investors and Japanese and overseas institutional investors such as pension funds and financial institutions.
Wholesale encompasses a wide range of products and services to cater to diverse needs of our clients globally. In Japan, we are a leading company, across Fixed Income, Equities and Investment Banking, positioning us uniquely to provide our global clients with unparalleled access to domestic markets.

 

Position Specifications:
Corporate Title Vice President

Functional Title Vice President

Experience 10+ years

Qualification CA, MBA(Finance), CS or any equivalent degree

Requisition No. To be updated

 

Role & Responsibilities:
The role is in the Financial Control department of Nomura's Finance Division, taking responsibility of financial reporting and any regulatory reporting as required. This includes delivery of the Financial Reporting packages for both Local and Group accounts for the Asian entities including Singapore, Hong Kong, Korea, Australia and Taiwan. It involves working with colleagues in Mumbai and Asia Pacific region together with Japan, and ensure the team is adequately equipped to deliver on an ongoing basis.
Responsibility of the role involves:

Ownership of the regional Group consolidation process submitted to Head Office.

Review and presentation of finance material e.g. financials etc. to the Country Financial Reporting Head.

Managing internal and external audit engagements from initiation through to completion.

Maintain and enhance the control environment within the team and ensure highest standards of delivery including proper governance.

Maintain and enhance the review mechanism ensuring that the relevant GAAPs, pronouncement and guidelines are followed along with annual review and recertification of relevant compliance.

Collaborate and participate in Global/Regional projects and initiatives within the Finance Division

Support implementation of new accounting standards covering USGAAP and IFRS/FRS.

Be a leader in digital transformation.
Key objectives critical to success:

Ability to work to high degree of accuracy with logical and structured approach.

Ability to self-review, identify issues and investigate / escalate appropriately.

Flexibility and the ability to keep pace with ever changing International Regulatory landscape including MAS and other regulators.

Ability to embrace change including new technology and adapt to changing business processes.

Ability to communicate effectively with colleagues and build relationships within the department and across functions.

Self-motivator who keeps abreast with the changes and ready to take up challenges.

 

 

Key Skills and Competency required:

Degree/ Qualified accountant with financial and management accounting background.

12+Yrs experience in finance department preferably in Investment banking or financial services industry, with a focus on the APAC.

Strong client/customer service orientation, consulting, interpersonal, and oral/written communication skills with the ability to handle difficult situations.

Strong quantitative and analytical skills with attention to detail and accuracy.

A power user of Excel spreadsheet and PowerPoint. Acumen and demonstrated knowledge to use visualisation tools (i.e. Power BI) will be advantageous.

Comfortable working in a matrix organization with ability to act as a change agent. Organized, detail oriented, good follow-up skills. Ability to meet deadlines in a high-pressure environment

Ability to manage and prioritize multiple projects with proven track record in process improvement.

Investment banking product knowledge and other regulatory development around IB.

 

 

 

Mind Set:
Mandatory Desired Domain

Financial Control experience in Investment Banking or Financial Institution.

Preferably VP with 2+ years of experience in Financial Reporting for Investment banking.

Understanding of MAS requirement is added advantage.
Technical

Good knowledge of USGAAP, IFRS or Financial Reporting Standards.

Product knowledge of Investment bank i.e. Derivatives, Repo and Reverse Repo, etc.

Exposure to Wealth Management business model

MAS Reporting experience