US Prime Product Control Vice President

Nomura Holdings, Inc.; New York (NY); Hybrid; USD 145,000 - 175,000; Full time

Benefits offered by this job

Sign-on bonus

RSUs

Discretionary awards

Medical benefits

401(k)

Job summary

Nomura Holdings, Inc. in New York seeks an experienced VP of US Prime Product Control to oversee P&L, controls and governance for a key Prime Finance business line. You will partner with front-office, Treasury, and Finance to ensure robust financial control and accurate reporting.

The role requires deep product knowledge across Cash Prime Brokerage, Synthetic Prime Brokerage and Equity Finance, and a proven track record in leading teams and delivering process improvements within a global bank.

Qualifications

• 10+ years of Product Control experience with Prime Finance focus.
• Experience working with front-office and senior stakeholders.
• Strong understanding of financing valuation, accounting treatment and resource metrics.
• Bachelor's degree in Finance/Economics/Accounting; CPA/CFA preferred.

Responsibilities

• Daily and monthly P&L for US Prime Finance; sign-off on reconciliations and balance sheet attestation.
• Interact with trade desk, Treasury, Middle Office/Ops, IT, Market Risk, Financial Reporting and Audit.
• Analyze FTP and balance sheet drivers; explain day-to-day variances for business decisions.

Skills

Product Control

Prime Finance

Equity Finance

Equity Derivatives

Front-office liaison

Team management

Regulatory awareness

Excel

SQL

Python

Education

Bachelor's degree in Finance/Economics/Accounting

CPA/CFA preferred

Tools

SQL

Python

VBA

Alteryx

Tableau/Power BI

Job description

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Job Code: 15096

Country: US

City: New York

Skill Category: Finance

Description: Job Title: US Prime Product Control Vice President

Corporate Title: Vice President

Department:Finance

Location: New York, NY

The pay range for this position at commencement of employment is expected to be between $145K and $175K/year * (see below footnote for additional compensation and benefits information).

Company overview

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

Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com

Aon’s Benefit Index®, Nomura’s benefitsrank#1amongst our competitors

Department Overview

Nomura’s Finance department manages the company’s financial operations and provides financial guidance to support business decision-making. The team collaborates with senior leadership, business units, and stakeholders to develop effective financial strategies, providing guidance on financial planning, budgeting, forecasting, and analysis to align financial operations with business objectives. Nomura’s Finance team specializes in financial reporting, accounting, tax, treasury, and capital management, known for providing exceptional service to clients. With a strong track record and commitment to innovation and global reach, Nomura’s Finance department is well-positioned to continue driving growth and success in the financial industry.

Role Description

This role supports the US Prime business line which consists of Nomura’s Cash Prime Brokerage, Synthetic Prime Brokerage and Equity Finance activities. As the financing and securities services arm of the Global Markets Equities division, Prime Finance provides margin financing, securities lending and borrowing, synthetic financing (total return swaps and portfolio swaps), delta one and index products, and related clearing and custody services to hedge funds, asset managers and institutional clients globally.

The candidate is expected to have 10+ years of product control experience supporting a Prime Finance business. The ideal Product Controller will be highly attentive to detail and risk, uphold a strong control environment, and be able to drive interaction with stakeholders from numerous functions and regions.

Essential Duties and Responsibilities

• Daily and monthly P&L for US Prime Finance, including sign-off on flash-to-actual analysis, reconciliations, manual adjustments and balance sheet attestation.
• Close interaction with the trading desk, Treasury, Middle Office/Ops, IT, Market Risk, Financial Reporting, Regulatory, and IPV teams to resolve booking, valuation, and financial resource usage-related issues - with particular focus on leveraged ETF and D1 products.
• Provide analysis of Funds Transfer Pricing (FTP), and financial resource consumption (balance sheet, leverage exposure, RWA, NSFR), including the drivers behind day-over-day and variance analysis, and the implications for business decision-making.

• Represent Product Control in governance and risk forums; present issues, remediation plans and control status to senior audiences, and act as the primary point of contact for Internal Audit, external audit and regulatory reviews affecting the business line.

• Serve as primary point of contact to the US Prime desk head and senior business management on revenue drivers, margin trends, financing spreads and balance sheet usage.

• Support new business initiatives and new product from a Product Control perspective - assessing P&L, valuation, booking model and financial resource implications ahead of launch.

• Drive the change and technology agenda for the Prime Product Control platform - shaping requirements, prioritizing the book of work, and partnering with Technology teams to deliver automation, standardisation and scalable process design.

Skills, experience, qualifications and knowledge required

• 10+ years of Product Control experience, with deep specialization in Prime Finance, Equity Finance and/or Equity Derivatives; prior coverage of both cash and synthetic prime is strongly preferred.
• Demonstrable experience managing and developing a team and operating credibly with front-office and senior Finance stakeholders.
• Strong technical grounding in financing product valuation, accounting treatment and financial resource metrics (balance sheet, leverage exposure, RWA, funding); familiarity with US regulatory reporting and broker-dealer requirements is an advantage.
• Bachelor's degree in Finance, Economics or Accounting; professional qualification (CPA, CA, CFA) preferred.
• Track record of delivering process improvement and technology-led change in a Product Control or Finance environment.
• Advanced Excel skills; working knowledge of data and automation tooling (SQL, Python, VBA, Alteryx, Tableau/Power BI) preferred over legacy Access/VB.
• Excellent written and verbal communication, with the ability to distil complex financial outcomes into a clear narrative for senior audiences.

Nomura Leadership behaviors

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

* base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired in the U.S., employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors".

**US FINANCE ONLY** Applicants f or this position in the Finance Division of NHA must be currently authorized to work f or any employer in the United States. The Finance Division is not sponsoring or taking over sponsorship of employment visas f or this posit ion at this time

Nomura is an Equal Opportunity Employer