About this role
<p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong>Job Title: </strong><strong>Structured Credit Middle Office</strong></span></p> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong>Corporate Title:</strong><strong> </strong><strong> Associate</strong></span></p> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong>Department:</strong><strong> </strong><strong> Operations</strong></span></p> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong>Location: London</strong></span></p> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 8.0pt;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong><u>Company overview</u></strong></span></p> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Nomura is a financial services group with an integrated global network. By connecting markets East & 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 style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">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="https://www.nomura.com">www.nomura.com</a> </span><br><br></p> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 8.0pt;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong><u>Department Overview:</u></strong></span></p> <p style="text-align:justify;margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">The Structured Credit Middle Office (SCMO) team is part of Global Middle Office within the Operations department. The team work directly with the Structured Credit & Funding, Securitised Products and Portfolio Restructuring trading desks.</span></p> <p style="margin:0.0cm 18.0pt 0.0cm 0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">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.</span></p> <p style="margin:0.0cm 0.0cm 6.0pt;text-align:justify;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 8.0pt;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong><u>Role Description:</u></strong></span></p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">This role sits within SCMO, which provides trade management and first-line support for Exotic Credit trading and structuring desks.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">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).The successful candidate will be required to understand Exotic products booking process, valuation models and downstream interaction with confirmation and settlement systems.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Manage relationships with senior traders and other stakeholders such as the offshore teams, business managers, regulatory reporting, risk management etc.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Develop controls and governance frameworks to accommodate the bespoke nature of the structured business.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Perform review of Front Office trade booking against the term sheet and/or blotter.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Manage trade lifecycle incorporating call events & triggers, structured note issuance and complex cashflow management.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Work closely with support functions (documentation, settlements, valuations, collateral management, reconciliations) taking responsibility for providing full operational support to Front Office.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Proactively look for ways to improve processes/systems and close control gaps.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Co-ordinate across departments and regions to deliver process and system enhancements.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Produce T0 P&L Flash, including risk based P&L attribution and commentary.</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Create and review daily trading activity reports.</span></li> </ul> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 8.0pt;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong><u>Skills, experience, qualifications and knowledge required:</u></strong></span></p> <ul style="margin-bottom:0.0cm;margin-top:0.0px"> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Strong communication skills and ability to multitask</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Strong numerical and problem solving skills</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Control mind-set and good understanding of operational risks</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Ability to manage own time and responsibilities</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Proactive in investigating and resolving issues</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Proactive in looking for ways to improve processes and controls</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Good exotic derivative product knowledge, preferably Credit (including bookings & documentation)</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Knowledge of controls required throughout trade lifecycle</span></li> <li style="margin:0.0cm 18.0pt 0.0cm 0.0px;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">Proficiency in using Excel</span></li> </ul> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 8.0pt;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong><u>Nomura Leadership Behaviours</u></strong></span></p> <ul style="margin-top:0.0cm;margin-bottom:0.0cm" type="disc"> <li style="margin-top:0.0cm;margin-right:0.0cm;margin-bottom:0.0cm;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong>Explore Insights & 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="margin-top:0.0cm;margin-right:0.0cm;margin-bottom:0.0cm;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong>Making Strategic Decisions</strong>: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.</span></li> <li style="margin-top:0.0cm;margin-right:0.0cm;margin-bottom:0.0cm;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><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="margin-top:0.0cm;margin-right:0.0cm;margin-bottom:0.0cm;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong>Elevate Organizational Capability</strong>: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.</span></li> <li style="margin-top:0.0cm;margin-right:0.0cm;margin-bottom:0.0cm;font-size:12.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><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 style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 8.0pt;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong><u>Right to Work</u></strong></span></p> <p style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">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 style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 8.0pt;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><strong><u>Diversity & Inclusion</u></strong></span></p> <p style="margin:0.0cm 0.0cm 8.0pt;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">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 style="margin:0.0cm 0.0cm 8.0pt;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt">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 style="margin:0.0cm;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 6.0pt;text-align:justify;font-size:10.0pt;font-family:Arial, sans-serif"> </p> <p style="margin:0.0cm 0.0cm 6.0pt;text-align:center;font-size:10.0pt;font-family:Arial, sans-serif"><span style="font-size:12.0pt"><em><span style="color:black;background-color:white">Nomura is an Equal Opportunity Employer</span></em></span></p>