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Structured Credit Middle Office- Associate

Nomura
London, United Kingdom
Posted 14 days ago Hybrid Permanent Negotiable
Job title: Structured Credit Middle Office Department: Finance (GMO) Location: London

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 Structured Credit Middle Office (SCMO) team is part of Global Middle Office within the Finance department. The team work directly with the Structured Credit & Funding, ABS Solutions, Hybrids and Portfolio Restructuring trading desks. SCMO are central to all trading activity relating to the desks it supports and therefore interacts regularly with a wide range of internal departments including Trading, Structuring, Sales, Operations, Product Control, Model Validation Group, Quants and Risk Management.

Role description

This role sits within SCMO, which provides trade management and first-line support for Exotic Credit trading and structuring desks.

The Structured Credit business trades a full suite of structured products including CLNs, structured financing repos/loans and other credit derivatives, as well as associated hedging (Bonds, CDS, credit indices, futures, swaps etc).

Objectives critical for success in role:

  • The successful candidate will be required to understand Exotic products booking process, valuation models and downstream interaction with confirmation and settlement systems.
  • Manage relationships with senior traders and other stakeholders such as the offshore teams, business managers, regulatory reporting, risk management etc.
  • Develop controls and governance frameworks to accommodate the bespoke nature of the structured business.
  • Perform review of Front Office trade booking against the term sheet and/or blotter.
  • Manage trade lifecycle incorporating call events & triggers, structured note issuance and complex cashflow management.
  • Work closely with support functions (documentation, settlements, valuations, collateral management, reconciliations) taking responsibility for providing full operational support to Front Office.
  • Proactively look for ways to improve processes/systems and close control gaps.
  • Co-ordinate across departments and regions to deliver process and system enhancements.
  • Produce T0 P&L Flash, including risk based P&L attribution and commentary.
  • Create and review daily trading activity reports.

Skills, experience, qualifications and knowledge required

  • Strong communication skills and ability to multitask
  • Strong numerical and problem solving skills
  • Control mind-set and good understanding of operational risks
  • Ability to manage own time and responsibilities
  • Proactive in investigating and resolving issues
  • Proactive in looking for ways to improve processes and controls
  • Good exotic derivative product knowledge, preferably Credit (including bookings & documentation)
  • Knowledge of controls required throughout trade lifecycle
  • Proficiency in using Excel (preferably VBA/macro)

Nomura competencies

Trusted 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

Teamwork

Collaboration

  • 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.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

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Job ID  efin 12/09/2022
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