Job Title:  FX Global Middle Office Associate

Corporate Title: Associate

Department: Finance Middle Office  

Location: New York

The pay range for this position at commencement of employment is expected to be between $95K and $110K/year*

Company Overview

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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.

Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors

Role Description

• Support the EM FX G10 Forwards and Options desk. Products that Sales and Trading execute along with the Share-Class hedging and funding solutions provided by RSG / CFS desk.
• Work with Sales & Trading to ensure market risk and trade entry is accurate, Coordinate with global colleagues that all aspects of trade processing is completed.
• Daily trade capture and verification of all trades including: FX Forwards, Swaps, NDFs (Non-Deliverable Forwards), FX Options, FX Exotic options, Structured Trades (like Volatility / Variance Swaps, Range accruals, etc) FX Futures, bond futures, interest rate futures, options on futures, bond options, etc.
• Complete knowledge of lifecycle of a trade from Trade booking to Confirmations / Settlements, Novation, NPV of cash flows, Terminations, etc. Control of trade workflow including ownership of inter-system reconciliations.
• Working knowledge of matching systems like Harmony PB, Traiana, Capitolis, FXAll, FXConnect, GTSS, Misys, Markitwire, CLS, Bloomberg.
• Dealing with queries and ad-hoc requests from front office, risk, compliance, finance and operations.
• Responsibility for monitoring regulatory compliance; counterparty risk, CSA agreements, Mandatory Clearing, SEF/MAT / Dodd Frank, MiFid, CFTC exceptions.
• Researching and troubleshooting problems such as: resolving trade booking issues and cash breaks P&L variances and valuation issues.
• End of day official market production – building and maintaining FX market.
• Coordinate with quant and technology teams recommending, testing, and implementing enhancements to our trading platforms and internal reconciliations / controls.
• Continuous enhancements to trading systems and related control framework, managing ad-hoc projects globally.

Key Objectives Critical to Success

• Strong problem solving, analytical skills and a sense of urgency, ability to prioritize multiple responsibilities.
• Understanding impact of processes/procedures carried out on daily basis and its relation to the business and risk and carry a strong control culture.
• Ability to communicate effectively verbally and in writing.

Skills, Experience, Qualifications and Knowledge Required

• Bachelor’s degree in Finance.
• Knowledge of the FX asset class and derivative instruments, 5+ year’s middle office or related operational experience.
• Have strong interpersonal skills, ability to communicate at all levels, ability to work in a structured, high volume, time sensitive, high risk and demanding environment, must have the ability to interface with both the front and back office personnel to resolve various trade issues that arise.
• Ability to quickly learn new processing systems and prioritize workload under stressful situations.
• Identifies gaps or inefficiencies in processes and takes ownership for change.
• Motivated, diligent learner that is able to work in a fast-paced environment.
• Must work well with others and be able to adapt to a continuously changing environment.
• Proficient in excel and ability to quickly learn internal & industry applications, knowledge of Macros / VBA / Digital tools is helpful.
• Ability to work effectively in a team environment.
• Good analytical skills and positive attitude

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.

Applicants for this position in the Finance Division of NHA must be currently authorized to work for any

employer in the United States. The Finance Division is not sponsoring or taking over sponsorship of employment visas for this position at this time.

Nomura is an Equal Opportunity Employer