Job Description

Nomura OverviewNomura is a Global 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 practices disciplined entrepreneurship while building on a long tradition of serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit [ Link removed ] .Department Overview: The Credit Product Control team is part of the wider Global Middle Office team that plays an important role within Finance. It includes the legacy Product Control, Valuations, Collateral Management and Risk & Operations Middle Office functions. The Product Control (PC) team is an independent control function that ensures the integrity of Nomura's financial statements. This is through the preparation and independent verification of daily and monthly P&Ls. In addition, PC review trade booking and valuation flows, perform balance sheet reconciliation and substantiation.Global Middle Office work closely with the Wholesale division supporting the business and their trading activities. They also work closely with Risk, Operations, IT, Legal and Compliance as well as other functions within the Finance division. GMO provide management with valuable insight into the Wholesale trading performance and key financial information. Nomura operates a mature offshore PL production model meaning the onshore role is focussed on liaison with the business, working closely with the middle office trade validation team and value add advisory work. The role of the onshore team spans business advisory, performance analysis, balance sheet substantiation and valuation controls. The candidate will need to maintain close working relationships with the trading desk and develop a deep understanding of the business' trading strategies to evaluate desk performance and provide insight to the firm's senior management on business performance, challenges and opportunities.Role: We are looking for an enthusiastic self-driven Product Controller to join the Credit PC team supporting the Flow Credit and Financing desk within AEJ Global Markets division. This team is responsible for core product control function, Finance Due Diligence of new transactions, and general business advisory to the trading desk. The candidate should have a sound knowledge of credit products (notably China High Yield markets) and financing instruments such as Repos. Knowledge of Prime brokerage business is preferable. The candidate needs to be a confident in Communication and have a strong control mind-set to succeed in this role.The candidate will work provide oversight on daily P&L and balance sheet movements, they will be involved in advisory capacity at new product launches, and will also assess business consumption of financial resources.Responsibilities: Responsible for timely and accurate calculation, verification, reporting of Daily, and Month-end reporting. This would be performed in conjunction with an offshore team located in Powai, Mumbai, requiring the individual to manage the offshore team relationships and deliverables. Responsible to provide market colour and P&L commentaries periodically. Perform regular analysis on large balance sheet or resource movements. Undertake critical reviews of trading, market or client activity with the objective of highlighting significant items to senior management. Applying strong interpersonal skills, the individual will work closely with Trading, Risk, Operations and other corporate functions to resolve booking, valuation, and financial resource enquiries and issues. Ensure accurate P&L attribution, and produce high quality MI of trading desk performance. Support regional and global digital tool and automation initiatives. Identify and drive automation opportunities to enhance control and improve efficiency.Requirements: 4-8 years Product Control experience, preferably in credit or cash PB products. Prior knowledge of illiquid products, distressed debt will be advantageous. Proven self-starter showing initiative to address issues as they arise and confidence in analysing and presenting complex financial data. Excellent communication skill for effective interaction with senior stakeholders and business. Demonstrate strong leadership and entrepreneurial spirit. Proven track record of providing value added services. Strong control mind set, and not afraid to ask questions, challenge the status quo and suggest changes and re-invent the process. An undergraduate degree in accounting, economics, or mathematics. Further professional qualifications, i.e. CFA, CPA, CIMA, ACA or master's degree, are advantageous.Regional Disclaimers / Diversity StatementNomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.TS ID: 1217432
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