Description:
Nomura Overview:
Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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 across four international regions.
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.
Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent, client relationships and technology.
Business Overview
Global Markets (GM) Powai team is an extension of regional Global Markets (Front Office) teams supporting Equities, Structured Products, Rates, FX, and Credit. The division in Powai provides support for a range of activities like research, quantitative modelling, sales and trading support, pricing and balancing, product development and strategy. Powai is a critical part of the platform to support the growth of Nomura’s global business.
The Business Management/COO team in Powai is a key Business Unit within the GM division. It houses several extended teams for various regional functions acting as enablers for the FO team such as AEJ, EMEA & US GM Business Management, Client Account Management and Strategy (CAMS), GM Control Office (GMCO) and Senior Relationship Management (SRM).
This role is within the Business Management team (GM COO). The Business Managers play a strategic role in delivering the Global Markets business agenda. They work extensively with Front Office Business Heads to drive strategy, execute business plans and run the floor. They are the face of business for various Corporate Functions and are responsible for implementing the business agenda/policies.
What We Offer:
- We support employee wellbeing by ensuring a sense of purpose and belonging.
- We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
- Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.
Position Specifications
4+ years of relevant experience
MBA from Tier 1 B-school, CA, Masters/ Bachelor’s degree in business / finance / economics or similar field from a top tier institute/ university
Role & Responsibilities
- We are seeking a dynamic individual to join our fast-paced GM Business Management team, based in Powai, Mumbai, who will collaborate closely with the Global Rates COO/Business Management team.
- The individual will be joining an existing team of Business Managers based in Powai and work very closely with Business Managers based in Powai as well as in the region.
- The individual will assume day-to-day responsibilities contributing towards business management, performance monitoring and managing processes which support Global Rates business with specific focus on expense management and resources allocation
- The role would require working with various functions in the GM space – Front Office and corporate.
- Drive Expenses, Balance sheet and Funding optimization initiatives globally
- Lead/ facilitate monthly expense reviews with Finance teams, analyzing trends, identifying deviations, and investigating underlying drivers
- Operate as the subject matter expert (SME) on Global Rates expenses, developing deep understanding of different line items, cost structures, and expense categories across the business
- Review and challenge cost allocation methodologies across various products, ensuring products receive appropriate and accurate expense allocations while questioning inconsistencies
- Facilitate and run regular cross-functional forums with COOs, Finance, Technology, and other stakeholders to drive expense transparency, alignment, and decision-making
- Monitor and analyze financial resource utilization including balance sheet consumption and risk weighted assets, identifying key drivers and trends to optimize capital efficiency
- Partner with Finance and business stakeholders to provide insights and recommendations on resource allocation strategies
- Develop reporting frameworks and dashboards to track expense performance, allocation accuracy, and financial resource metrics, enabling data-driven business decisions
- Prepare periodic business summaries covering financial metrics/ returns scorecards as well as commentary for Senior Management
- Stakeholder Management
- Proactive in working with Regional COOs and Business Heads
- Crisp and concise communication with all stakeholders
- Strong sense of ownership and dedication towards timely deliverables
- Partnering with Technology, Operations, Risk, Finance, other Corporate functions
- Own day to day issues pertaining to various corporate functions and ensure closure
Skills Sets required
- Excellent interpersonal & communication skills; ability to build strong relationships with key stakeholders
- Good Knowledge of Capital Markets products and asset classes (Global Rates among others) along with exposure to Financial Resources management and Expenses within GM
- Strong knowledge of Advanced Excel, PowerPoint and related tools
- Strong Analytical and Problem-solving skills
- Ability to prioritize high volumes of deliverables across multiple disciplines working under pressure
- Prior experience of working on cross-functional projects
- Is entrepreneurial and independent; self-starter, takes ownership, exhibits integrity, strong motivation and attention to detail
- Ambition and enthusiasm to succeed in this challenging role
- Prior experience in related / strategy roles would be an added advantage
- Knowledge of Business Intelligence tools like Power BI, Tableau etc. would be an added advantage
We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We 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.
- The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).
