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Trade Support Team Leader (London, London, GB, EC4R 3AB) @ Nomura Holdings, inc.

London, England, GBOnsiteFull-time
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<p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Job Title:</strong> Trade Support Team Leader</span></p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Corporate Title:</strong> Associate or Vice President</span></p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Department:</strong> Asset Management</span></p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Location:</strong> London (Hybrid)</span></p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Reporting to:</strong> Head of Portfolio Administration</span></p> <p> </p> <p><strong><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><u><br>Company Overview:</u></span></strong></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Nomura is a financial services group with an integrated global network. By connecting markets East &amp; 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.</span></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">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 <a href="http://www.nomura.com">www.nomura.com</a> </span><br><br></p> <p><strong><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><u><br>Department Overview:</u></span></strong></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Working in the Asset Management division, the Trade Support team ensures all trades placed by the front office are correctly processed in the market and internal systems reflect correct trade information.</span></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">The team handles all trades executed out of Nomura Asset Management’s London office across the following asset classes: Equities; Fixed Income; Money Markets; Exchange Traded Futures, OTC Derivatives; FX, FX options and NDFs. The team also supports our global offices with trade related queries. In addtion to this the team also carries out collateral management functions.</span></p> <p> </p> <p><strong><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><u>Role Overview:</u></span></strong></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">A Team Leader for Trade Support, with staff based in the UK and outsourced roles in Powai, India, the successful candidate will have a variety of tasks to complete, ensuring the accurate and timely processing of trades across multiple asset classes while maintaining strong operational controls and providing leadership and oversight to a diverse team supporting trading operations </span></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">The ideal candidate would be a self-motivated team player with previous experience in a similar role.</span></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">The candidate must be able to priortise individual and team work loads and deliver high quality, accurate work to meet standards required by internal and external parties.</span></p> <p> </p> <p><strong><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><u>Main Duties and Responsibilities:</u></span></strong></p> <p> </p> <ul> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Lead, and develop a team of trade support professionals, fostering collaboration, and continuous improvement across the two locations. Manage team resources effectively to ensure adequate coverage across all trading activities and processes. Conduct regular performance reviews, provide constructive feedback, and identify training and development opportunities.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Oversight of trade confirmation and instruction processing for both Equity and Fixed Income securities. Involves supporting Powai office carrying out this role, and being first point of escalation in assisting to follow up with multiple external brokers and liaising with the NAMUK Trading desk, to ensure trades are allocated and confirmed.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Confirmation and instruction of all OTC derivatives, including Credit Default Swaps, Credit Default Swap Options, Interest rate swaps &amp; FX options. Ensuring timely confirmations are received from brokers, trades are cleared in a timely manner, instructing the custodian and liaising with both brokers and custodian regarding payments. Resolving any queries from internal and external teams in relation to bookings.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Overseeing the confirmation of all FX trades executed by NAMUK Trading desk with the brokers. Being escalation point for Powai in resolving any exceptions. Processing of fixing rates for NDF trades and confirming payments with brokers.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Ensuring that all Money Market trades (CDs, CPs, MTNs and FRNs) executed by the trading team are confirmed and instructed, resolving any issues that may occur (e.g. if manual confirmations are sent by the broker, queries from the custodian).</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Carrying out daily collateral management processes, ensuring valuations and daily broker statements have been received. Processing of daily calls or pledges utilising Cloudmargin, investigating any disputes and ensuring all payments are made or received in time. Monitoring pledged positions and cash balances to ensure no overdrafts or failed trades.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Providing support to the settlement team located in Powai, assisting to raise urgent queries to brokers or custodians and tracking high value transactions, to ensure all trades settle on the correct value date wherever possible.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Monitoring group email inboxes to ensure all queries are actioned by the team according to priority and ensuring that there are no outstanding items at COB. This will involve dealing with queries from other internal teams within NAM UK, from other global offices in the NAM group and various external parties, such as brokers and custodians</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Keeping up to date with regulatory and market changes and updates, ensuring processes in place to address these. Assisting to provide solutions and any testing to incorporate any changes required. </span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Ensuring existing procedures are kept up-to-date with changing processes.</span></li> </ul> <p> </p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong><u>Skills &amp; Experience:<br><br></u></strong></span></p> <ul> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Attention to detail essential.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Knowledge of SWIFT, DTCC CTM required, Bloomberg AIM, TriResolve, Cloudmargin, Markitwire beneficial.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Understanding of the trade lifecycles for the following products: Equities, Fixed Income, FXs, NDFs instruments, exchange traded options &amp; futures, and OTC products (e.g. Swaptions, Interest Rate Swaps, Credit Default Swaps, CDX, FX options). </span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Must be able to communicate clearly, both written and orally, with internal counterparties (e.g. portfolio managers, trading desk, client services, other Nomura offices), as well as external bodies (brokers and custodians).</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Having had experience of working with, and having had oversight, of offices in another location would be beneficial.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Ability to assess different levels of risk, in order to know what must be prioritised.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Excellent time management skills essential to ensure timely delivery of scheduled standard tasks. This includes understanding and completing requirements for peak periods (e.g. receiving confirmations by COB, and increased volumes for monthly portfolio rebalancing/ monthly FX fixing/rollover periods). However, an ability to remain flexible to meet changing business priorities is also needed.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Ability to get counterparties to deliver with the tenacity to follow up on outstanding actions.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Ability to quickly understand new systems, both in-house and market-supplied providers.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Collateral Management experience would be extremely desirable.</span><br><br><br><br></li> </ul> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong><u>Nomura Leadership Behaviours</u></strong></span></p> <p> </p> <ul> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Explore Insights &amp; Vision: </strong>Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Making Strategic Decisions</strong>: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Inspire Entrepreneurship in People</strong>: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Elevate Organizational Capability</strong>: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.</span></li> <li style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Inclusion</strong>: Respect DEI, foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).</span></li> </ul> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong><u>Right to Work</u></strong></span></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">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.</span></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong><u>Diversity &amp; Inclusion</u></strong></span></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">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.</span></p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.</span></p> <p> </p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong><em>Nomura is an Equal Opportunity Employer</em></strong></span></p>

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