Job Title:  OPS-BA / IWM

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 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.

Divisional Overview:

The Operations division provides the support and control infrastructure that enables the Firm to develop and deliver financial products throughout the world. Working with the Sales, Trading and Information Technology Divisions, Operations professionals are responsible for the management and execution of transactions in a manner, which maximizes profitability and minimizes risk.

Our division is responsible for the management and execution of millions of securities transactions on a daily basis. Our responsibilities include trade processing, confirmation, settlement, fails management, margin, asset servicing, risk management and various client services. In partnership with sales, trading, prime services, information technology and other teams from across the bank, we apply a continual focus on improving productivity and efficiency, while seeking new and innovative ways to support our clients' changing needs.

Business Unit Overview:

In IWM Process the main objective is to serve the wealth clients and manage/handle all the activities seamlessly that initiate post the client portfolio is opened in Nomura. Security settlement of Fixed Income, Equity, Mutual funds, Corporate action events, Derivatives product settlement, asset/portfolio transfer are some of the important functions of the IWM process. The team interacts heavily with Middle office, Front Office, Relationship managers, Client Service officers, Sales, Credit, Treasury, regional stakeholders, Risk, agent banks and Information Technology. Responsibilities include Pre-matching of trades, Funding, Core settlements, Portfolio Transfer, Reconciliation, Fails & Exception Management, Reporting & MIS, etc.

Functional Overview

The Funds & Fees team is responsible for onboarding and set up of mutual/hedge fund account opening with Transfer Agent, preparation and submission of account opening documents, responding to Adhoc and Annual KYC done by Transfer agent, collection and reconciliation of Trailer fees, Admin fees and other fees for funds trading done by wealth clients.

Responsibilities

• Manage the processing the account opening, asset set up for Mutual / Hedge funds / Private Equity.
• Provide supervision and support to the team to liaise with various stakeholders for preparation and submission of Account opening documents.
• Ensuring accurate submission to KYC requirements from TA either annually or adhoc basis.
• Ensuring collection of Trailer fees and Admin fee and reconciliation is done accurately where by the firm doesn’t lose any income.
• Able to multitask and provide support to multiple and urgent requests.
• To tackle the exceptions on BAU process and provide escalation when is needed.
• Able to run the projects or ad hoc tasks when business driven (e.g. system upgrade or Swift upgrade or ad hoc request raised by business).
• Perform all the ad hoc supports for the supervisor or manager whenever applicable.
• Ensure daily day-end tasks and reports are completed.
• MIS – contribute to weekly, monthly KRI/trade volume reporting.
• Review and streamline processes to improve efficiency and control.
• Participate in systems enhancements and new products/initiative rollout.
• Timely Escalation and issue resolution

Requirements

• 6-8 years’ experience of working in Fund house or Transfer agent
• Product knowledge: Mutual Funds, Hedge Funds and Private Equity is preferred
• Knowledge of account opening with TA, KYC documents required by TA.
• Knowledge of Trailer fee processing.
• Previous experience in dealing with Avaloq system is an advantage
• Fluent in written and spoken English
• Versatile in excel and powerpoint

Position Specifications:

Role & Responsibilities:

Mind Set: