Flow Rates Derivatives Middle Office Associate

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Nomura
  • 24 Nov 17 2017-11-24

Flow Rates Derivatives Middle Office Associate

Company overview:

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 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

Department overview:

The Flow Rates Derivatives Middle Office team sits within the Flow Rates Products team and is part of Global Operations Middle Office. The team is responsible for managing front to back operational risk and control and is set up to offer a combined trading/sales support function and therefore interacts regularly with a wide network of internal departments including trading, sales, product control, and other operations 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 for an associate with a particular focus on interest rate 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, qualifications and knowledge required

  • Required:
  • Knowledge of interest rate derivative products
  • Proven track record of process improvement
  • Excellent communication skills
  • Excellent team working skills
  • Control focused and good understanding of operational risk management
  • Ability to work in a fast paced, high pressure environment
  • Attention to detail
  • Good time management and prioritisation skills
  • Desired:

  • Previous trading desk facing experience