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Vice President - Global Markets Middle Office - Singapore
July 21, 2018
Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm practices disciplined entrepreneurship while building on a long tradition of serving clients with creative solutions and considered thought leadership.
Promote the concept of Operations' responsibility as a Control function (in addition to facilitating business). Identify emerging risks (within the industry and the firm) and assess applicability to the function / division. Drive regular discussions within the team on read across / learnings from other departments or divisions. Review existing controls on a periodic basis to assess design and relevance; suggest enhanced controls where required. Practice transparency in discussing gaps / issues / outliers and timely escalation of these. Encourage the team towards adopting a 'risk integrated processing' approach.
a> Day to day responsibilities
Ensure timely and accurate trade capture and deal maintenance for Asia-originated Derivative trades for FX and Rates products.
Coordination with other Operations groups to ensure proper settlement and timely break resolution.
Compliance of key middle office controls are performed daily such as trade activity, position/risk reconciliations, T+0 P&L flash.
Maintenance of Middle Office procedures and ensure cross-training within regional groups.
Develop and maintain a collaborative relationship with the Front Office and Corporate functions.
Work closely with global teams to implement Middle Office initiatives, global/local system roll-outs and projects involving requirements gathering, migration and UAT.
b> Strategic Responsibilities
Process Improvements: Act as the change agent for processes owned in Mumbai and identify and implement strategic improvements/enhancements to systems and processes which ultimately drives material economic benefits to the Firm and improves the control environment within the function.
People Management: Build, develop, and nurture the team into a best in class across the street. Uphold the people management practices and philosophies of the Firm so that we retain our top talent and replace our non-performers.
Relationship Management: Build and maintain strong working relations with different on shore and off shore teams (like Regional Middle Offices, Trading Desks, other Ops functional teams etc.).
Product & Domain Knowledge: Participate and/or lead various strategic "change the bank" initiatives and build the functional skills of the team and self. Continuously develop and keep abreast of latest developments with respect to fixed income products and regulatory changes.
Key Experience & Skills
Proven track record of identifying and managing risks in the process by implementing and reviewing relevant controls
6+ years of relevant experience preferred. Working knowledge of fixed income derivatives is preferred.
Bachelor's Degree or equivalent education required
Experience in supervisory/managerial role will be an advantage
A self-motivated person with robust product exposure, good attention to detail and ability to multi-task.
Excellent inter-personal skills and ability to quickly adapt to a continuously evolving system/work-flow environment
Strong working knowledge of Excel and macros
Top notch communication skills.
Prior experience of working with virtual teams.
Track record of having led change programs in earlier organizations will be an advantage
Regional Disclaimers / Diversity Statement
Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.