Job Title:  Global Execution Services Product Control - Vice President

Corporate Title: Vice President

Department: Finance Middle Office

Location: New York

The pay range for this position at commencement of employment is expected to be between $145,000 and $175,000/year*

Company Overview

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

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

Role Description

This role supports the Global Execution Services business line and requires a fundamental understanding of Execution Services and associated Product Controller responsibilities. The ideal Product Controller will be highly attentive to detail and risk, uphold a strong control environment, and be able to drive interaction with stakeholders from numerous functions and regions.

Global Execution Service business line primarily consist of the Instinet Business. As the agency-model execution services arm of the Nomura Group, Instinet Incorporated subsidiaries provide brokerage services to clients in over 60 markets around the world. This is a unique role, as although Instinet is headquartered in N.Y., it has entities across all regions. As such, the role is a blend of regional and global responsibilities. The Nomura Group is committed to fully integrating its support functions for Nomura and Instinet, and this is a newly created position will help play a leadership role in that for revenue relates responsibilities.

Essential Duties and Responsibilities

• Initial one-time responsibilities:

  • Evaluate current processes, and complete tactical and strategic improvement efforts.

  • Migrate current-state Instinet product controller responsibilities into one team.

  • Integrate Instinet’s product controller related responsibilities to comply with Nomura Group policies and procedures.

• Ongoing regular responsibilities:

  • Daily P&L Reporting, Flash to Actual analysis, Front-to-Back reconciliations, P&L Commentary, verification of manual adjustments, and Balance Sheet Attestation.

  • Close interaction with the Instinet trading desk, Operations and other support functions as needed to resolve booking, valuation and financial resource usage related queries.

  • P&L review including: FOBO reconciliations, Flash to Actual explanations and Attribution analysis.

  • Understanding daily summary of funding charges, including day-over-day variance analysis.

  • Understanding and motivation to resolve all manual adjustments.

  • Ensuring proper controls are in place as measured by KRI metrics.

• • Monthly responsibilities include: Closing of the firm’s books and records, including required manual journal entries and Balance Sheet substantiation; reconciliation of monthly FO P&L to General ledger; completion of various financial reporting schedules.

  • Interact with Product Control / Finance teams in other regions to understand all aspects of Instinet Revenue and be primary interface with Business and Corporate leaders on results.

Experience /Qualifications/Education

• 6-10 years of Execution Services or Equities focused Product Control experience

• BS in Finance, Economics or Accounting

• Ability to multitask in a fast paced, results oriented environment

• Strong verbal and written communication skills

• Strong Excel and Access skills. Fluency in VB a plus

• Team player, proactive, self-starter, who can be dynamic and detailed oriented

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.

*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”.

Nomura is an Equal Opportunity Employer