Description:
Nomura Overview:
Nomura Services, India is a core center of excellence powering 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 shaping, strengthening, and accelerating Nomura'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 2021
Divisional Overview:
Global Middle Office (GMO) is a control function focussed on the integrity of key transactional, risk and financial data and reporting. GMO will also perform an Advisory role partnering with the business and management to help deliver the firm-wide strategy. To achieve this GMO will leverage the latest Digital Innovation & Automation (DI&A) opportunities to optimize GMO’s efficiency and operating model.
Key Responsibilities include:
Providing a complete and validated data set of transactional information, efficiencies in the production and proactive management of these data sets
Provide assurance on accuracy of firms financial statements through daily PL validation, Risk Model inputs, Proactive management of internal inventory and collateral obligations to ensure key liquidity / collateral requirements are optimized
Provide business support and oversight on new products/transactions, financial resources, liquidity management and trade bookings. Propose and implement FTB process improvements; institute performance analytics; and help navigate regulatory, industry and account changes
The Equity Middle Office team based in Powai is continuously and actively engaged in supporting Nomura's Equity business spread across EMEA, Americas, Asia and Oceania regions. Equity Operations supports the entire gamut of Equities product franchise offered by Nomura to its clients. The Equity MO plays a pivotal role between Clients and Front Offices on one side and Nomura's in house teams and divisions ranging from Information Technology, Core Operations, Corporate Actions, Client Service Representatives, Transition Management Group, Client Margins, Data Management and Operations Control on the other.
Business Unit Overview:
Prime Middle Office forms part of Equity Middle Office. Prime manages equity products directly or indirectly pertaining to clients who are deemed Prime by Nomura. The Prime Middle Office covers swap business, stock
loan borrowing & lending and prime brokerage business across EMEA, AEJ and Japan. The process involves communicating with clients, traders and sales team. The MO team is responsible for the various trade and position reconciliations to ensure all positions in the Front office are in line with the Middle Office systems. This position is required to liaise mainly with other Middle offices, IT, legal, settlements, corporate action teams, risk and any other teams necessary.
Following are the broad classification of the functions under Prime Middle Office
Trade Capture/Support
Life Cycle Management
Exceptions Monitoring
System/Risk reconciliation
Client Servicing/ Reporting
Fails Management
The Prime Middle Office team plays an important role in establishing, maintaining strong working relationships with clients/ counterparts.
Position Specifications:
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.
Roles & Responsibilities:
- Prime Middle Office team is a client service centric process. Hence it requires lots of interaction with clients, Sales Persons, Desk Assistants and other various team involved in downstream Processing.
- Effectively manage all risks and exposures associated with the various trading activities across the books and ensure all exceptions have been closed out in a timely manner.
- Risk Management between Front End & Middle Office system
- This position requires liaising with respective regional Trader’s, desk assistants, Sales Persons & other
regional middle office teams.
- The individual needs to work very closely with the desks and ensure all checks are completed with 100% accuracy, within the timelines mentioned in SLA.
- Requires strong attention to details, should have very good understanding on Equity Derivatives
- Monitoring & resolving inter-system trade exceptions
- Client query management
- Inter-system and inter entity reconciliations • Monitoring and tracking KRI/MIS, reporting.
- Resolving issues raised by various teams
Qualification, Experience & Skills:
- Should be able to work independently and manage tight deadlines, should possess excellent communication skills and familiarity with financial abbreviations and basic functioning of Fixed Income market.
- Should be Enthusiastic / High energy / should be able to suggest solutions.
Key Skills:
Required Subject matter expertise on multiple markets. Proven track record of having successfully managed different processes/ multiple teams
Leadership skills, People and conflict management, Mentoring and coaching skills.
Awareness and understanding of the regulatory requirements Time management and prioritization skills. Accurate work in a pressurised environment. Ability to work to tight deadlines.
Good interpersonal skills.
Ability to handle pressure, high volume and risk.
Understanding of the trade life cycle Desired Quality/Process improvement/Change management experience.
Accurate work in a pressurised environment.
Ability to work to tight deadlines.
Good interpersonal skills.
