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

• Understanding of overall and specific risks within the process, controls available to mitigate such risks and open risks, in supporting the business.
• Document the open risks, assess magnitude and formulate actions. Ensure risks, controls, procedures and enhancements are documented / updated appropriately and sit within the remit of applicable policies.
• Encourage transparency within the onshore and offshore teams in highlighting and escalating gaps / issues / outliers.
• Able to provide the leadership to the team for running the fund on-boarding or KYC review or fee reconciliation process on a timely manner or ahead of schedule.
• Able to provide proper guidance to the team on required standard and ensure delivery of quality review without major defects.
• Continuously work with FCC, Compliance, Legal, Business on makming account opening and KYC process better.
• Identify system / process enhancement focusing on controls and efficiency and work with different stakeholders to implement.
• Face Internal & external Auditors or regulators and have good understanding of process to provide process walkthrough and samples.
• Able to review existing process and come up with ideas for efficiency without compromising on control.

Stakeholder management

• Fact based and ability to understand the risk involved and highlights the same across levels.
• Detail-oriented in order to understand all requirements at one go
• Managing Business stakeholders - Ability to handle business supervision teams and Sales. Need to have good negotiation skills to plan the pipeline and negotiate the timeline.
• Able to handle any prioritization discussions, escalations and assign cases to the team based on capacity.
• Has experience in written and verbal communication with AML, Compliance, legal, Internal Audits

Requirements

• Min 10 to 15 years’ experience in Fund Operations.
• Product knowledge: Mutual Funds, Hedge Funds and Private Equity.
• Private banking experience preferred
• Team player with good interpersonal and communication skills
• Comfortable with tight deadlines and pressure
• Inquisitive, proactive and able to work in fast paced environment
• Track record of being involved in projects and change initiatives is added advantage
• Previous experience in dealing with Avaloq system is an advantage
• Fluent in written and spoken English
• Versatile in excel and powerpoint

Position Specifications:

Mind Set: