Associate

Nomura Holdings, Inc.; Mumbai; On-site; INR 2,800,000 - 4,200,000; Full time

Job summary

Nomura Services, India serves as a core center of excellence supporting the group's global businesses. The role sits in EQD Derivative and Delta One Middle Office, acting as the face-off between trading desks and other departments while driving changes, managing controls, and ensuring audit/regulatory compliance.

The candidate will support the trading desk, perform end-to-end flow analyses, participate in UAT, and contribute to automation and process improvements within the MO team, requiring

Qualifications

• 8-10 years of experience in trade support, specifically EQ Derivative deal review.
• Strong knowledge of equity products (FnO, Stock/ETF, Swaps, OTC options, etc.).
• Excellent written and spoken English; ability to work under pressure and meet deadlines.

Responsibilities

• Execute and manage lifecycle events in MO system for structured products.
• Liaise daily with regional desks, settlement, product control to resolve open items.
• Investigate and resolve position breaks with Front and Back Office teams.

Skills

Analytical skills

English communication

Multi-tasking

Ownership and delivery

Team collaboration

Tools

Excel

VBA/Macro

Job description

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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.

Role Overview

EQD Derivative and Delta One (D1) Middle Office works closely with the Deriv+D1 Trading Desk providing support and maintaining controls in all post trade execution events. The candidate will act as the face-off between the trading desk and other departments as well as drive strategic change, identify and remediate control risks, perform end-to-end flow analysis/process re-engineering, partner with technology to manage system enhancements, and comply with audit and regulatory requirements.

Responsibilities

• Execution and management of lifecycle events - Monitoring, calculation and booking authentication in MO system for numerous events included in structured products like coupon, Rate Resets, expiry along with early termination.
• Liaising with different teams like regional desk assistant, settlement, product control etc. daily for any o/s queries resolution.
• Investigate and resolve position breaks – Work closely with Front and Back Office to resolve breaks (e.g. Cash, Positions, Dividend fixing etc)
• Demonstrate an understanding of front to back trade flows as well as Risk and P&L.
• Support to the trading desk including trade amendments/cancellations, ETF subscription/ redemption, corporate action booking etc.
• Investigation and resolution of position and trade exceptions through daily reconciliations.
• Verification and production of various regulatory reports. (871m, MiFID II, Global Margin).
• Contribute in new business or process change initiatives through collaboration with the team manager. Help drive best practice and perform UAT to ensure a successful rollout of any initiatives.
• Be able to contribute toward automation and streamlining of any functions within the EQD Deriv+D1 MO team.
• Build a strong network across multiple departments within the firm such as Trading, Operations, Compliance, Audit, Technology and other areas of Finance.
• Drive the Finance control agenda for the team. Proactively identify and remediate control gaps.

Requirements

• 8-10 years’ experience within a trade support specifically EQ Deal review background.
• Experience in supporting a derivatives business and knowledge of equity products (i.e. Listed FnO, Stock/ETF, Swaps, OTC Options, Pnote, ELN, Fx products etc.)
• Knowledge of AEJ, Japan, EMEA markets. Understanding of regulatory, compliance, settlement and tax rules would be a plus.
• Flexible and able to work under pressure and meet tight deadlines. Demonstrating a strong sense of ownership and commitment to delivery.
• Able to multi-task and prioritize workload.
• Detail oriented and strong focus on efficiency and control
• Excellent oral and written communication skills in English
• Possesses strong analytical skills and an ability to quickly learn new products and systems; needs to be able to thrive in a constantly changing environment
• Team player and able to contribute to team meetings and voice ideas.
• Strong Microsoft Office skills particularly in excel. Competence in VBA/macro a plus.