Description:
Divisional Overview:
Powai LCC broadly covers the areas of Legal, Compliance and Conduct, and is responsible for building a robust risk and control framework. The Powai LCC teams support Nomura Powai entities, as well as LCC teams globally to ensure effective risk management of Legal, Compliance and Conduct related risks for the firm. Powai Legal comprises of the Corporate Legal and Transaction Legal functions, which provide advice and support on corporate, employment and transactional matters. The Offshore Legal team supports global teams on corporate and secretarial matters, Global Markets, and Masters documentation related requirements. Powai Compliance comprises of functions such as Core Compliance, Trade Surveillance, Electronic Communication Surveillance, Financial Crime Monitoring, Control Room & Disclosure Monitoring and Employee Compliance. The teams provide advisory and operations support to global / regional Compliance teams driven by global / regional policies and regulatory expectations.
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.
Business Unit Overview:
The Global Masters Documentation Team is an extension of the:
- London based Transaction Legal Team which covers our Europe, Middle East & Africa business; • New York based Legal Documentation Team which covers our Americas business; and
- Asia based Transaction Legal Team which covers our Asia Ex Japan (“AEJ”) business. • Japan based Transaction Legal Team
The core function of the team is to maintain and update a database and status tracking system for Derivative Master agreements, repurchase agreements, stock-lending agreements and other financial agreements. The tracking of these agreements, from drafting through to execution, is of great importance, as is the ability to easily review the terms of the executed agreements. The information fed into the database and tracking system is used to monitor risk, collateral and other exposure by various departments within the firm.
The candidate will also be expected to analyse and provide information to the legal and business teams in response to queries relating to financial agreements, prepare reports and work on a variety of ad-hoc and regulatory projects
Position Specifications:
1 - 2 years in the finance industry and derivatives background on swap, repurchase and stock lending master agreements, analysis of Legal opinions and
nettings
Role & Responsibilities:
Work as a part of the Global Masters Documentation team with the stakeholders in regions and provide assistance to the regional team, which is part of Transaction Legal
Updating critical terms of various master agreements (i.e. ISDA, CSA, Global Master Repurchase agreement and Global Master Securities Lending agreements) in the firm’s database
Generating and distribution of various management reports
Responding to queries received from the business and legal teams related to master agreements
Analyzing and interpreting clauses of master agreements and advising other business teams
Identifying areas of improvement and working on technology initiatives to increase efficiency and reduce manual intervention
Delegation of work within the team, assisting and supervising the work done by the team members, reviewing the work and also taking complete onus of the tasks
Developing and maintaining a proactive relationship with the stakeholders in all regions
Understanding roles, responsibilities, goals and processes to mitigate risks by ensuring that the team members are made aware about the changing business requirements, delegation of work, knowledge sharing sessions and to expertise on a particular process
Review the constitutional documents of a counterparty to identify entity type, jurisdiction, capacity to trade and netting
Drafting of notices to counterparty pursuant to mini-close out of a transaction in the repurchase / stock lending
Drafting of amendments to master agreement for money managers.
Role Requirements:
Excellent analytical skills, an eye for detail
Command over the English language (written and verbal) and excellent communication skills
Understanding team dynamics and encouraging good relationships
Timely escalations
MS Excel skills are important (at least ‘intermediate’)
Ability to apply practical solutions to problems
Managing discipline and dealing with conflict
Planning, problem solving and decision-making
Decent knowledge about derivative master agreements, confirmations
Strong interpersonal and administrative skills, mature judgement and high ethical standards
Pro-active, with a mind set to drive efficiency
Ability to identify issues and knowing when to escalate
Critical thinking and detail orientated
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
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).
