Treasury Funding Desk Trader- Associate/ Vice President in London

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment 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.

The Treasury Funding Desk performs four key functions:

• Run the investment of the ~$20 bn regional liquidity pool (government and supranational bond repo and outright bond investments).
• Fund regional currency requirements (both business and legal entity), primarily through FX swaps.
• Mandate and price short and long term debt issuances in private and public offerings including structured notes and ECP.
• Manage interest rate and FX risks related to the corporate division.

Liquidity Management covers all aspects of liquidity risk management including internal and regulatory stress testing, scenario analysis, forecasting, variance explain, risk mitigation, ILAAP, Policy and framework reviews, ALCO and Board MIS, reporting, new business, Contingency Funding Plan, business interaction, input into SWD and RRP from a Treasury perspective.

The individual will be a member of the EMEA Funding team, sitting in Frankfurt (six individuals) covering activities for the global organization, managing seven local entities, and providing follow-the-sun coverage for Japan, AEJ and US entities during EMEA hours. The role involves working in a fast-paced environment and managing time-sensitive critical tasks in a controlled and logical manner. This role offers the opportunity to build breadth in your career due to the multiple products covered by a small team, and the exposure to other Finance department heads and across the businesses. We are also expanding our SSA ASW portfolio, so there is a chance to learn via a partnership with GM experts. Working from home flexibility is offered.

Key objectives critical to success:

• Investment of Liquidity Pool subject to regulatory and internal investment guidelines, and liquidity models. Maximise P&L by optimising across currencies held.
• Portfolio management of HQLA ASW bond book to achieve P&L target.
• FX swaps funding and execution across 30+ currencies with spot hedging of Balance Sheet exposures/ Optimise P&L by careful management of tenor profile.
• Conversion of USD funding curves to multi-currency issuance curves to support the Structured Issuance and ECP issuance programmes whilst ensuring adherence to policy and limits.
• Communication and consultation with the business units on issuance, investment and hedging policies, and ensuring appropriate controls in place around funding requirements and behaviour.
• Daily interaction with Cash Management, Secured Financing Desks in Fixed Income and Equities as well as other divisions to estimate funding requirements on a daily and forward-looking basis to maintain compliance with internal limit guidelines.
• Identification and realisation of funding efficiencies, execution optimisation and risk mitigation opportunities, including close collaboration with the local capital and collateral teams.
• Ensure compliance with regulatory, credit and management-imposed liquidity and risk management requirements.
• Maintenance of liquidity facilities at local central banks.

Essential skills, experience, qualifications and knowledge required:

• Experience in a front office Treasury / Funding desk, or other front office experience such as FX, repo, or HQLA portfolio management.
• A desire to build breadth in your career and gain exposure to senior management locally and globally as part of a small but multi-skilled team.
• Communication and collaboration despite being in a remote location is key to success in this role.
• Outstanding Excel skills with VBA or Python experience a strong benefit. Ability to model complex concepts and to use enhanced custom built functions.
• Inquisitive, analytical and logical mindset with thorough approach to execution and problem solving.
• The ideal candidate will be articulate and able to adapt communications to a variety of stakeholders.
• Quick-thinking and calm under pressure.

Desirable:

• Good understanding of Front Office Supervision frameworks and risk management best practices.
• A sound knowledge of liquidity management concepts, and regulatory legislation is advantageous.

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.