GM-Business Management BM

Nomura; Mumbai; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Nomura is seeking a dynamic professional to join its GM Business Management team in Powai, Mumbai. The role focuses on expense management, resource allocation, and performance monitoring within Global Rates, collaborating closely with Front Office leaders and corporate functions.

The candidate will drive monthly expense reviews, act as a SME on cost items, and develop reporting dashboards to support senior management decisions.

Qualifications

• MBA from a top-tier institute; CA or finance-focused masters/bachelor’s degree.
• 4+ years of relevant experience in Global Markets or business management.
• Strong knowledge of capital markets products, esp. Global Rates.

Responsibilities

• Lead/ facilitate monthly expense reviews with Finance teams and analyze drivers.
• Operate as SME on Global Rates expenses, understanding cost structures.
• Review cost allocation methodologies and ensure accuracy across products.
• Coordinate cross-functional forums with COOs, Finance, Technology, and stakeholders.
• Monitor financial resource utilization and capital efficiency metrics.
• Develop dashboards and reporting for expense performance and allocations.

Skills

Interpersonal skills

Capital Markets knowledge

Excel & PowerPoint

Analytical skills

Prioritization under pressure

Cross-functional experience

Education

MBA from Tier 1 B-school

CA / Masters / Bachelor’s in business/finance/economics

Tools

Power BI

Tableau

Job description

Job Description:

Nomura Overview:

Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and 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.

Business Overview

Global Markets (GM) Powai team is an extension of regional Global Markets (Front Office) teams supporting Equities, Structured Products, Rates, FX, and Credit. The division in Powai provides support for a range of activities like research, quantitative modelling, sales and trading support, pricing and balancing, product development and strategy. Powai is a critical part of the platform to support the growth of Nomura’s global business.

The Business Management/COO team in Powai is a key Business Unit within the GM division.

This role is within the Business Management team (GM COO). The Business Managers play a strategic role in delivering the Global Markets business agenda. They work extensively with Front Office Business Heads to drive strategy, execute business plans and run the floor. They are the face of business for various Corporate Functions and are responsible for implementing the business agenda/policies.

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.

Position Specifications

• Corporate Title Associate
• Experience 4+ years of relevant experience
• Qualification MBA from Tier 1 B-school, CA, Masters/ Bachelor’s degree in business / finance / economics or similar field from a top tier institute/ university

Role & Responsibilities

• We are seeking a dynamic individual to join our fast-paced GM Business Management team, based in Powai, Mumbai, who will collaborate closely with the Global Rates COO/Business Management team.
• The individual will be joining an existing team of Business Managers based in Powai and work very closely with Business Managers based in Powai as well as in the region.
• The individual will assume day-to-day responsibilities contributing towards business management, performance monitoring and managing processes which support Global Rates business with specific focus on expense management and resources allocation
• The role would require working with various functions in the GM space – Front Office and corporate.

Key Responsibilities

• Lead/ facilitate monthly expense reviews with Finance teams, analyzing trends, identifying deviations, and investigating underlying drivers
• Operate as the subject matter expert (SME) on Global Rates expenses, developing deep understanding of different line items, cost structures, and expense categories across the business
• Review and challenge cost allocation methodologies across various products, ensuring products receive appropriate and accurate expense allocations while questioning inconsistencies
• Facilitate and run regular cross-functional forums with COOs, Finance, Technology, and other stakeholders to drive expense transparency, alignment, and decision-making
• Monitor and analyze financial resource utilization including balance sheet consumption and risk weighted assets, identifying key drivers and trends to optimize capital efficiency
• Partner with Finance and business stakeholders to provide insights and recommendations on resource allocation strategies
• Develop reporting frameworks and dashboards to track expense performance, allocation accuracy, and financial resource metrics, enabling data-driven business decisions
• Prepare periodic business summaries covering financial metrics/ returns scorecards as well as commentary for Senior Management

Stakeholder Management

• Proactive in working with Regional COOs and Business Heads
• Crisp and concise communication with all stakeholders
• Strong sense of ownership and dedication towards timely deliverables

Partnering with Technology, Operations, Risk, Finance, other Corporate functions

Skills Sets required

• Mandatory
  • Excellent interpersonal & communication skills; ability to build strong relationships with key stakeholders
  • Good Knowledge of Capital Markets products and asset classes (Global Rates among others) along with exposure to Financial Resources management and Expenses within GM
  • Strong knowledge of Advanced Excel, PowerPoint and related tools
  • Strong Analytical and Problem-solving skills
  • Ability to prioritize high volumes of deliverables across multiple disciplines working under pressure
  • Prior experience of working on cross-functional projects
• Desired
  • Is entrepreneurial and independent; self-starter, takes ownership, exhibits integrity, strong motivation and attention to detail
  • Ambition and enthusiasm to succeed in this challenging role
  • Prior experience in related / strategy roles would be an added advantage
  • Knowledge of Business Intelligence tools like Power BI, Tableau etc. would be an added advantage

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).