Flow Rates Middle Office- Associate

£68k – £94k per annum

Job Details:

Company overviewNomura 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 is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visitDepartment overview:The Flow Rates Middle Office team sits within the EMEA Middle Office team and is part of the Finance corporate division. The team is responsible for managing front to back operational risk and control and is set up to offer a trading support function and therefore interacts regularly with a wide network of internal departments including trading, sales, operations and other finance teams both onshore and offshore. Daily tasks include lifecycle management, query resolution, reconciliations and the production of the T+0 Flash P&L. Additional responsibilities include industry/regulatory change, infrastructure migration and integration and project management/delivery.Role description:This role is suitable for an analyst/associate. An ideal candidate should have an in depth understanding of rates derivative products. We are looking for a motivated and ambitious individual with a good understanding of operational risk.The successful candidate will need to be able to work both within a team and independently in a high volume environment, understanding when to escalate. The candidate will have the opportunity to drive change and contribute to global projects from legal entity restructures to regulatory change.Team Duties include:

  • Confirming the accuracy of trade bookings
  • Central role in managing the front to back trade flow
  • Managing the full lifecycle of trades
  • Daily flash P&L reporting and P&L attribution
  • Resolving booking issues and cash breaks
  • Monitoring and resolution of internal trade and intersystem reconciliation breaks
  • Involvement in producing all relevant reports, business controls and associated commentary
  • KRI monitoring and analysis
  • Responsible to the desk for all aspects of operations (both on and off shore)
  • Working with management to maintain and develop a range of relationships across relevant trading businesses and corporate functions
  • Working closely with all the support functions (settlements, valuations, collateral management, etc.) to provide full operational support to the Front Office
  • Working across departments and regions to co-ordinate and deliver process and system enhancements
  • Active participation in the Front Office Supervisory framework
  • Providing effective challenge to the business

Skills, experience, qualifications and knowledge required:Essential

  • Strong knowledge of rates derivative products
  • Strong interpersonal skills, the role will require daily interaction with senior Front Office stakeholders globally
  • Experience in a middle office trade support role
  • Must be a team player
  • Organised, with a strong ability to prioritise multiple deadlines
  • Attention to detail and a proven high level of accuracy
  • Ability to work in a high pressure environment
  • Keen eye for detail

Desirable

  • Advanced level Microsoft Excel skills
  • Python Skills
  • Compression knowledge/experience

Nomura competenciesTrusted Partner

  • Understand clients’ needs and issues, and respond with high-quality proposals
  • Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner

Entrepreneurial leadership

  • Produce new ideas that might challenge the status-quo or oneself

TeamworkCollaboration

  • Seek advice from senior colleagues and utilize it for improved results
  • Collaborate with members from relevant departments

Influence

  • Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
  • Serve as role model and provide guidance to junior employees

Integrity

  • Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly

Right to Work
The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

Job Category: Finance & Banking
Job Type: Full Time
Job Location: 1 Angel Lane

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