Description:
Nomura 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.
Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations.
At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.
Divisional Overview:
The core responsibility of the Product Control group is to develop and maintain a strong control infrastructure around the revenue generating capabilities of the firm. Product Control seeks to challenge and partner the business in order to optimize financial returns.
The core responsibility of the Capital Markets Product Control group is to develop and maintain a strong control Infrastructure around the revenue generating capabilities of the firm. Product Control seeks to challenge and Partner the business in order to optimize financial returns.
Business Unit Overview:
The IWM product control team akin to Private Banking Finance provides a wide range of support to International Wealth Management business covering a broad range of products based in Singapore. The Product Control team (within Global Middle Office) at Nomura goes beyond the core Product Control responsibilities and acts as a key Finance advisory function to the business (eg. Financial Resource usage, legal entity booking model, bespoke transaction setup & approval, business analysis, technical projects, cross-functional liaison, business MIS, legal entity transfer pricing etc.)
Position Specifications:
6+ years PC experience in Investment Banking (IBD)/International Wealth Management (IWM)
Role & Responsibilities:
- We are looking for an enthusiastic self-driven Product Controller to join the Wealth
- Management PC team. The individual needs to demonstrate strong Control mindset and will be responsible for providing oversight of daily P&L and balance sheet movements of the business. We would require the individual to be well versed with Equities, Fixed Income products and structures commonly seen in the Asian markets. The role requires frequent interaction with business and stakeholders across Finance.
- Responsible for International Wealth Management business commensurate to Private Banking Finance.
- Take ownership, and be accountable for the timely and accurate calculation, verification, reporting of daily P&L and MI to internal stakeholders
- Interaction with Business, Operations, Risk, Treasury, FC&R, CMA, Valuations and other functions to resolve booking, valuation, accounting, financial resource and management reporting queries including follow up
- Undertake critical reviews and analysis of IWM business activity with the objective of highlighting significant items to senior management.
- Undertake various month activities which includes Balance Sheet substantiation, transfer pricing, MIS/KPI, EOM financial reporting and validation of key senior management metrics.
- Supporting team in managing automations including process walkthroughs for developers, supporting in testing and completing related documentation
- Proactively Identifying the opportunities for process automation/reengineering and taking these to logical conclusion post approval from management as well as onshore stakeholders
- Training new joinees/junior members and providing guidance to junior team members in handling unusual breaks/queries
Mandatory Skill Set :
- Demonstrates a good understanding (features & payoff) of financial products such as Forwards, Swaps, Futures & Options (including exotic options), and
- the relevant greeks and sensitivities involved.
- Strong communication skills and attention to details
- Knowledge of Database e.g.: SQL, MS Access
- Experience within Private Banking accounting practices, balance sheet substantiation, transfer pricing and MI reporting.
- Experience with Avaloq banking suite.
Desiremonstrates an expert-level understanding of various pricing / valuation methodologies
ed Skill Set :
Nomura Leadership Behaviours:
Exploring Insights & Vision
Comprehensively analyse the nature
of the problems we face and set our
focus toward the future vision
- Gather Intelligence
- Create a vision
- Identify an issue
Making Strategic Decisions
Analyse options and feasibility to resolve issues, in making
judgments and recommendations
- Identify countermeasures
- Assess feasibility
- Make a judgment
Inspiring Entrepreneurship in People
Promotes the vision and goals to others in such a way that inspires commitment and independent contributions
Elevating Organizational Capacity
Maximize organizational productivity through leadership development and
engagement
- Have an ownership in own development
- Support other‘s growth
- Encourage organizational growth
Respect diverse perspectives and
promote psychological safety
and the creation of a risk culture
- Foster psychological
safety
- Encourage the active
participation of all talent
- Foster a risk culture
The firm is an equal opportunity employer, and we are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. The firm and its affiliates prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.
- Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.
