Description:
Nomura Overview:
Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant 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, (Powai) supports Nomura’s businesses around the world. Powai’ s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura’s global operations and are an integral part of Nomura’s global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura’s global business.
Divisional Overview:
Product Control is a control function focused on the integrity of key transactional, risk and financial data and reporting. Product Control will also perform an Advisory role partnering with the business and management to help deliver the firm-wide strategy. To achieve this Product Control will leverage the latest Digital Innovation & Automation (DI&A) opportunities to optimize Product Control’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.
Team Overview:
Product Control Team reports T+1 Trading P&L for all the regions across various asset classes. The
Primary responsibility for a product controller is to produce P&L for the trading desk, substantiate the
P&L numbers, explain the P&L to both the traders and onshore regional controllers and ensure that they maintain a ‘control’ environment.
Position Specifications:
Role & Responsibilities:
Mind Set:
- Broad understanding of the product types traded by the desk and any valuation issues thereof
- Basic knowledge of derivatives and fixed income products
- Understanding of market risk factors and pricing fundamentals
- Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.
- Advanced knowledge of complex structured products
- Understanding of regulatory frameworks, Basel III FRTB requirements
- Knowledge of hedges strategies
Technical / Digital Quotient
- MS office - Intermediate level
- Proficiency in Excel (pivot tables, vlookup, formulas)
- Basic SQL knowledge
- Understanding of trading systems and market data feeds
- Confident in double entry accounting
- Good Logical reasoning skills, ability to apply existing knowledge to take logical approach while solving new un-seen issues.
- Good understand of the valuation of all products under their control.
- Advanced Excel skills including macros
- Knowledge of programming languages (Python, Power Queries, Alteryx)
- Strong presentation skills, ability to
- Communicate clearly and effectively in both oral and written form
- Good communication skills - both oral and written form
- Experience in presenting to senior management
- Ability to train and mentor junior staff
- Cross-functional collaboration experience
