Job Title:  Finance Professional

Job Code:  5230
Country:  IN
City:  Mumbai
Skill Category:  Finance Middle Office
Description: 

Job Description –IPV-Valuations-

 

Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant 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, (Powai) supports Nomura’s businesses around the world. Powai’ s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura’s global operations and are an integral part of Nomura’s global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura’s global business. 

 

 

Nomura is an equal opportunities employer. We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career’s responsibilities, sexual orientation, gender identity, race, colour, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.

 

Divisional Overview:

 

Global Middle Office (GMO) is a control function focused on the integrity of key transactional, risk and financial data and reporting. GMO also perform an Advisory role partnering with the business and management to help deliver the firm-wide strategy. To achieve this GMO 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:

 

Corporate Title

Analyst

Functional Title

Assistant Manager

Experience

4-6

Qualification

MBA (Finance)/CFA

Requisition No

 

 

 

Role & Responsibilities:

           §

 

Independent price verification of various products for Credit, Rates/FX & Equities for positions across Global Valuation team

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Hands-on experience of BBG, Trade Web and other market data sources. Good understanding of different type of collateral and CSA used for valuations.

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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 

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Help ensure that Nomura’s Balance Sheet presents a true and fair view of cash/derivative trading positions 

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Investigating significant variances and tolerance breaches, untested positions, heat maps & handling queries from trading related to valuation/prices provided

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Involved in calculation of Bid Offer reserves across asset classes

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Reporting and MIS pack preparation for Senior management

 

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Possess good problem solving and communication skills

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Work closely with a wide range of teams locally & globally across functions under tight deadlines 

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Good Python programming skills would be preferable.

             

 

Mind Set: 

 

 

Mandatory

Desired

Domain

Understanding of credit ,rates and FX Products like IRS,Swaptions,NDF etc.

Strong basic concepts like Yield Curve, Forward rates, discounting etc

Strong communication skills and attention to details

Strong analytical skills

Knowledge of Database e.g.: SQL, MS Access

 

Technical

Strong Excel/VBA programming skills