Company overview
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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.
Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors
Department overview:
The Product Control team is part of the wider Global Middle Office team that plays an important role within Finance. It includes the 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. The team reports locally in to the AEJ Deputy CFO and globally into the Global Head of Middle Office.
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 description:
As the Product Controller, you will be heavily involved with Transaction due diligence and support, with frequent interaction with stakeholders across Finance, and plenty of opportunity to interact with regional senior management in various committees.
Other responsibilities will include:
- Take ownership and be accountable for the 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.
- Perform regular analysis on the portfolio to ascertain whether the valuations are appropriate. This will include monitoring of the portfolio and assessing whether any mark-up / mark downs should be applied which will be discussed with senior management.
- Undertake critical reviews of trading activity with the objective of highlighting significant items to senior management.
- Applying strong interpersonal skills, the individual will work closely with Trading, Banking, Risk, Operations and other corporate functions to resolve booking, valuation, and financial resource enquiries and issues.
- Understand and critically analyse new financing transactions and perform Finance Due Diligence, by understanding the financial resources required on the trade, assess profitability of the trade in context of return on such resources. Identifying and resolve potential implications on Legal entity, Accounting, Treasury and Tax matters. Present findings and recommendations to Senior Management for committee approval.
- Represent Finance at various regional Risk and Legal Entity committees, to update the state of business and portfolio to senior management.
- Actively engage in new business and product launches and participate in global finance projects.
Requirements:
- Minimum Degree from an accredited University or Professional Qualification for e.g. Chartered Accountant or Chartered Financial Analyst
- Minimum 8 years’ experience in Product Control or Valuations with a focus on loans and credit products
- Minimum 3 years’ experience with illiquid and alternative investment products such as Structured Lending, Special Situations, Distressed credits, Private Equity, Mortgage products, Warehouse financing or hybrid products
- Experience in USGAAP accounting skills for Financing Transactions and, BASEL 3 rules and regulations
- 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.
- Demonstrated outstanding leadership skill managing and developing junior team members, and ability to effectively managing multiple stakeholders and display leadership qualities to make and impact to achieve desired result
- Strong control mind set, and not afraid to ask questions, challenge the status quo and suggest changes and re-invent the process. Desire to drive for improvement and efficiency.
Diversity Statement
Nomura 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.
DISCLAIMER: This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time.
Nomura is an Equal Opportunity Employer
SFID: 5542
