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Job Title:  Business Manager, Nomura Alternative Investment Management, Vice President

Job Code:  8714
Country:  FR
City:  Paris
Skill Category:  Global Markets
Description: 

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

 

Job Title:         Business Manager, Vice President
Corporate Title:     VP
Department:    Nomura Alternative Investment Management (NAIM)
Location:         Paris 

 

Global Markets overview

Nomura's Global Markets business facilitates client transactions for a diverse group of institutions including corporations, governments and investment funds around the globe. In addition, we act as market makers, trading in fixed income and equity securities, currencies, derivatives as well as structured financial products.

 

Nomura Alternative Investment Management (France) S.A.S ("NAIM")

NAIM is an investment management company of the Nomura group. Based in Paris, NAIM is regulated by the AMF and offers expertise in fund structuring, portfolio management and risk management. It aims to develop and manage best-in-class quantitative or structured funds using quantitative and systematic investment investment strategies (“QIS”) of the Nomura group. NAIM implements investment solutions for investors and managers in different formats:

  • Onshore and offshore AIFs (Alternative Investment Funds – Cayman/Jersey) for institutions, and

  • UCITS funds with an established track record since September 2005

 

Role description:

The Business Management function provides analytical and administrative support to the NAIM management team. The function serves five main areas: strategy, financial analysis, infrastructure, divisional administration and shared embedding of risk & control in the first line of defence. It involves working on the front-office floor and building strong relationships across NAIM functions (Portfolio Management, Structuring, Risk Management) to support NAIM CEO in implementing strategic initiatives, global best practices, improved processes efficiency and reduction in risks and costs.  The role will be challenging and varied.  It will also offer exposure to the EMEA Global Market franchise NAIM is working closely with (QIS, Sales, Trading & Structuring).

                                                                                                                                       

The role will involve:

  • Support the NAIM business in further developing revenue, profitability, efficiency and client franchise

  • Review and understand all aspects of business performance including pre-tax, brokerage, cost base, balance sheet, financial resources and risk

  • Managing budget, expenses and approvals for the business

  • Linking with functions to plan, manage and forecast business performance

  • Financial analysis of current and projected costs and identification of opportunities to drive strategic change and efficiency

  • Analysis and presentations in support of strategic proposals and initiatives

  • Promote and implement global and regional best practice in terms of systems, trade flow and support

  • Involved in front-to-back implementation for specific business build-out efforts, and driving infrastructure enhancement in the most cost effective manner possible and ensuring that we make best use of available resources

  • Support the business designing processes and procedures within NAIM ecosystem (sales credit bookings, board meetings, regulatory, tax, accounting, or internal approval deadlines) to improve efficiency and reduce risks

  • Improve the framework for the production of information on NAIM required for external requests (client Request For Proposals,  Principles For Responsible Investment or Regulators reviews)

  • Drive (with the support of the relevant internal functions) the build-out of an efficient on-going monitoring and MI framework for the network of outsourced functions (SLA), service providers of NAIM or of the  funds NAIM manages, various new reporting obligations (MIFID II, PRIIPS, SFDR)

  • Organize the committees specific to NAIM (Investment Committee, Brokers Committee, Best Execution)

  • Project management supporting periodic strategic initiatives

  • Understand the requirements of the business so that you can adequately represent the business in meetings and ensure that any outcomes meet their requirements

  • Promote and market the business internally and externally

  • Writing presentations for senior management to deliver to clients, regulators and other third parties

  • Build relationships by communicating, influencing and negotiating effectively with business heads, senior managers, team members, technical experts and Corporate functions

  • Act as an advocate of the FOS framework and support the business in fulfilling their FOS obligations

  • Understand the processes and controls of the business and control functions, using this information to facilitate and assist the Business Head to identify, assess, review and update the Risk and Control Self Assessment (RCSA) register.

  • Ensure operational risk events caused by the business are escalated and documented as required,

  • Review and challenge operational risk events that impact the business to confirm resulting actions are appropriate.

  • Provide input into ongoing audit reviews

  • Contribute to action point closure from operational risk events, RCSAs and IA action plans 

  • Work closely with Corporate functions, including Risk, Compliance, HR and Finance, to deliver formal corporate requirements (budgets, mid-year forecasts, board-level updates, performance management, hiring requirements and compensation cycle, training, trading mandates, policy awareness)  

  • Adapt business to demands of new and changing business environment, particularly legislation and regulation, and work with support functions to ensure communication is tailored to meet business requirements. 

  • Depending on seniority of the candidate, regulatory functions (e.g. Fund directorship, Executive function representing NAIM) may be part of the role

  • Manage NAIM’s Vendor Management Framework with intra-group SLAs and external vendors

  • Support NAIM senior management with key business initiatives requiring Sales feedback, progress monitoring, and Management information.

  • Monitoring for NAIM CEO the mapping of EUCs and their appropriate maintenance by the various NAIM functions

  • Assist NAIM CEO with Board Preparation, monthly updates, MI, strategic presentations

 

Key objectives critical to success:

  • Strong understanding of an asset manager’s organization including financials, risk and system infrastructure framework, ideally acquired directly at an Asset Management firm in a CAO, COO, Strategy or Chief of Staff office, or indirectly at a Consulting or Audit firm.

  • Ability to work well under pressure and move between tasks quickly

  • Ability to follow direction and manage expectations

  • Strong approach to problem solving

  • Synthetic mindset

  • Have the drive and determination to assist with development of the Business Management function and will seek opportunities to add value

 

Skills, experience, qualifications and knowledge required:

Required:

  • Bachelor’s degree minimum in Finance, Accounting or Business Management.

  • Knowledge of corporate accounting concepts and financial analysis / presentation

  • Understanding of how an asset manager works at an operational level

  • Strong willingness to learn and be able to work both independently and in collaboration with others; Adaptability to change and ability to build relationships and work with others through influence (rather than authority)

  • Organised approach to work with an ability to present complex subjects in an accessible manner; Strong organizational skills and an ability to work to short deadlines

  • Project management experience and ability to coordinate inputs and opinions from different sources

  • Advanced knowledge of Excel and PowerPoint; Methodical with excellent attention to detail; Well-developed analytical skills and ability to distil large quantities of complex information into high level briefings and impact analysis

  • Good team player who can interact well with individuals within the NAIM and Risk teams and others in different business divisions; Ability to interact confidently with senior management and maintain absolute confidentiality when required.

  • Pro-active team player ready to help develop the NAIM platform: “start-up mindset” and collaborative approach towards NAIM functions on transversal projects

  • French-speaking fluency and English-speaking fluency required

           

Desired:

  • Master Degree (or equivalent) in a strong Finance / Accounting / Business Management area; ACA / CFA / MBA qualification is an advantage

  • Knowledge of rules and regulations relevant to Investment Management business, including but not limited to: UCITS, AIFMD, France, Ireland, UK, Luxembourg, Cayman Islands, Jersey, etc.

  • Knowledge of Fund Management/Support/Fund Administrators systems and infrastructure (e.g. Bloomberg, TradeWeb, Cassiope, etc.)

  • Relational Database Programming (SQL, etc.), VB, VBA or Python knowledge is a plus 

 

Nomura competencies:

 

Culture & Conduct

  • Contributes to desired culture

  • Aware of different values / styles

  • Maintains own and holds others to high standards of behaviour

  • Seeks to develop

  • Aware of impact of own strengths / weaknesses

  • Learns from experience

Client-Centricity & Business Acumen

  • Demonstrates understanding of current market 

  • Anticipates client needs

  • Pays attention to detail, synthesizes accurately

  • Sees problems, recommends solutions

Strategy & Innovation

  • Articulates own contributions to divisional and firm-wide strategy

  • Embraces and balances new / differing ways of thinking / working

  • Makes decisions appropriate to their role, knows when and how to escalate

  • Knows when / how to compromise

  • Responds positively to changing needs and circumstances

  • Is able to change direction quickly

Leadership & Collaboration

  • Proactively participates in own and others' performance year

  • Assists in recruiting and on boarding new team members

  • Gives credit to others for positive contributions

  • Builds collaborative and productive working relationships

  • Provides on-the-job training to colleagues

  • Provides and listens to constructive, timely and specific feedback to resolve conflict

Communication & Connectivity

  • Adjusts communication style to suit topic / audience

  • Balances listening / talking

  • Communicates ideas and issues clearly and with consideration

  • Questions to understand others’ views

  • Is a proven and credible resource

  • Builds internal network

  • Willingly works with others to share information

Execution & Delivery

  • Maintains positive commitment to results

  • Takes on challenging assignments

  • Executes priority actions on-time

  • Keeps stakeholders updated, manages expectations

  • Persists when confronted with resistance

  • Seeks, listens to and accepts feedback

Diversity Statement

Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.

 

DISCLAIMER:  This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job.  The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time. 

 

Nomura is an Equal Opportunity Employer

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