OPS-GMO / Collateral Management

Nomura; Mumbai; On-site; INR 3,000,000 - 4,500,000; Full time

Job summary

Nomura in Mumbai seeks an experienced collateral management professional to oversee daily collateral operations for OTC derivatives and securities financing, ensuring risk controls and regulatory alignment. You will coordinate with trading, risk, legal and operations to optimize collateral usage and data quality.

The role requires 5+ years in collateral management, strong ISDA/CSA knowledge, and excellent analysis, negotiation, and process-improvement skills.

Qualifications

• Bachelor's degree in Finance, Economics, or related field.
• 5+ years' experience in collateral management or similar role.
• Understanding of ISDA documentation and CSAs.
• Knowledge of relevant regulations and market practices.
• Experience with major collateral management platforms.

Responsibilities

• Manage daily collateral operations for OTC derivatives and securities financing transactions.
• Monitor and process margin calls for bilateral and triparty arrangements.
• Reconcile collateral positions across counterparties and internal systems; review CSAs.
• Resolve collateral disputes with counterparties.
• Optimize collateral allocation and utilization; understand CCP funding.
• Coordinate with Trading, Risk, Legal, and Operations teams.

Skills

Strong understanding of OTC

Collateral management

Financial markets & instruments

Collateral management systems

Analytical problem-solving

Communication & negotiation

Attention to detail

Regulatory reporting

Education

Bachelor's degree in Finance/Economics or related field

Job description

Nomura 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.

Nomura Services, India supports the group’s global businesses. With worldclass capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’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.

Divisional Overview

Global Middle Office (GMO) is a control function focussed on the integrity of key transactional, risk and financial data and reporting. GMO will also perform an Advisory role partnering with the business and management to help deliver the firm-wide strategy. To achieve this GMO will leverage the latest Digital Innovation & Automation (DI&A) opportunities to optimize GMO’s efficiency and operating model. Key Responsibilities include:

• Data Management:

Providing a complete and validated data set of transactional information, efficiencies in the production and proactive management of these data sets

• Control:

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

• Advisory:

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

Primary Responsibilities

• Manage daily collateral operations for OTC derivatives and securities financing transactions


• Monitor and process margin calls for bilateral and triparty arrangements


• Reconcile collateral positions across counterparties and internal systems - Review and negotiate collateral terms in Credit Support Annexes (CSAs) and other legal agreements


• Resolve collateral disputes with counterparties


• Optimize collateral allocation and utilization-


• Understand of CCP funding and processing of cleared calls

Key Functions

• Calculate exposure and collateral requirements - Process margin calls within agreed timeframes


• Funding CCP/Exchange withing agreed timelines


• Manage relationships with custodians and counterparties


• Ensure compliance with regulatory requirements (e.g., EMIR, Dodd-Frank)


• Monitor collateral eligibility and concentration limits


• Generate and review daily collateral reports


• Coordinate with various internal teams (Trading, Risk, Legal, Operations)

Required Skills

• Strong understanding of OTC derivatives and collateral management


• Knowledge of financial markets and instruments


• Proficiency in collateral management systems


• Excellent analytical and problem-solving abilities


• Strong communication and negotiation skills


• Attention to detail and accuracy


• Experience with regulatory reporting requirements

Qualifications

• Bachelor's degree in Finance, Economics, or related field


• 5+ years' experience in collateral management or similar role


• Understanding of ISDA documentation and CSAs


• Knowledge of relevant regulations and market practices


• Experience with major collateral management platforms

Additional Requirements

• Ability to work under pressure and meet deadlines


• Strong project management skills


• Experience with process improvement initiatives


• Knowledge of risk management principles


• Understanding of front-to-back-office operations

This role typically reports to the Head of Collateral Management or Operations and requires collaboration with multiple stakeholders across the organization.