Structured Rates Product Control (Associate)

LGBT Great; Greater London; On-site; GBP 85,000 - 120,000; Full time

Job summary

Nomura is seeking a skilled professional for a product control role focused on complex derivatives. The role requires liaising with Traders, risk, and operations to reconcile P&L, perform month-end valuations, and substantiate balance sheets.

In addition, you will analyze performance, monitor risk indicators, and participate in new product initiatives and derivative booking evolution. The position emphasizes strong numerical and communication skills, the ability to discuss complex issues with

Qualifications

• Product control and accounting experience of complex structured derivative products.

Responsibilities

• Liaise with Traders to reconcile P&L and resolve issues with Risk Management and Operations.
• Take ownership of month-end processes including valuation controls and balance sheet substantiation.
• Understand business performance and independent price verification of trading inventory.
• Monitor KRIs and escalate issues to management.
• Involvement in new product initiatives and evolution of complex derivative booking models.

Skills

Product control

Derivatives

IR derivatives

Rates derivatives

Job description

Company 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

Overview

• Liaise with the Traders to reconcile any differences or discrepancies in P&L and also be confident in dealing with Risk Management, Operations and other departments to resolve issues.
• Take ownership of month-end processes including valuation controls, balance sheet substantiation and reporting to senior trading and finance management.
• Understand business performance and independent price verification of the trading inventory.
• Monitor KRIs and performance thresholds and elevate issues/exceptions/concerns to management for resolution.
• Involvement in new product initiates and evolution of complex derivative booking models.

Qualifications

• Product control and accounting experience of complex structured derivative products.

Core Skills

• Strong numerical and communication skills, demonstrate control mind-set and take initiative to identify and solve problems.
• Need to demonstrate confidence in discussing complex issues with senior individuals.
• Need to demonstrate pro-actively using initiative to improve processes and systems.

General Competencies

• An understanding of rates derivatives including options and hybrid products.
• Familiarity with IR derivatives.
• Strong interest in Financial Markets and Banking.
• Ability to face off with key business stakeholders.

Nomura competencies

Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

• Respect DEI, foster a culture of psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

Nomura is an Equal Opportunity Employer

Nomura is an Equal Opportunity Employer