Job Title:  Finance Support

Job Code:  1035
Country:  IN
City:  Mumbai
Skill Category:  Finance Middle Office

Nomura Overview:


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


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.  



Division Overview:

Nomura’s Global Middle Office (GMO) Powai is an extension of regional GMO teams focused on the integrity of key transactional, risk and financial data and reporting. The objective of the Product Control function within Powai GMO is to maintain a strong control around business, minimize errors in order to mitigate risks associated with valuing trading positions, and provide a value added service. Powai 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: 

  • 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


Team Overview:

Product Control Team reports T+1 Trading P&L for all the regions across various asset classes. The Product Control team is responsible for validation, substantiation and producing of daily P&L report along with weekly and monthly commentaries. The role requires controllers to work closely with colleagues across other divisions like Operations, IT etc. 


Position Specifications:

Experience       0-2 years

Qualification     MBA Finance (2022 batch), CFA Level 1 / 2, Inter CAs


Roles and Responsibilities: 


To ensure that the daily P & L is accurately reported to the FO & reconciled between P & L  tools & management reporting tools. To ensure that the relevant P&L and Balance sheet positions are correctly reported at month ends, that the applicable reconciliations have been completed, and all issues identified/resolved. 

  • Providing daily commentary on P&L swings and variance investigation to Front office traders and senior finance managers. 
  • To ensure that the controls are adhered to 
  • To coordinate the completion and delivery of the tasks allocated to the team. 
  • To provide advice to the business on the P&L impact of trades and the interaction of the
  • Front and Back Office systems, especially regarding trades and proposed new workflows. 
  • Mind Set§ : To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting. 
  • To ensure that Global policies are adhered to at all times and are kept fully up to date.
  • To act as trouble shooter within the team.



Mindset required:

  • Strong knowledge of key Financial Reporting
  • 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.
  • Confident in double entry accounting associated with products under their control
  • MS office - Intermediate level
  • Good understanding of the Financial Markets as they relate to the Products under their control.
  • Ability to work to tight daily and monthly deadlines


Mandatory Skill Set:

  • Strong Analytical skills
  • Knowledge and understanding of Fixed Income products
  • Ability to work on tight deadlines
  • Strong MS Excel skills
  • Good communication skills


Desired Skill Set:

  • Proactive in raising issues and resolving exceptions
  • Eye for detail and ability to analyze
  • Team player & Team Leader Relations management – internal &
  • external counter parts
  • Ability to multi-task and work to tight deadlines
  • Exceptional Attention to detail strong
  • Trade Life Cycle