Head of EMEA FX & EM Product Control (Vice President)

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.

Department Overview

Product Control is a key function within the Finance department, interacting with virtually every part of the firm's businesses, products and technology systems. Product Control is primarily responsible for understanding, substantiating and controlling the daily trading balance sheet and income statement for Nomura, to analyse the daily trading activities, to explain and report trading divisions' profits and losses whilst ensuring that the Finance governance framework is maintained. Product Control supports the execution of regular independent price verification to verify the values of positions held by the trading desks.

The role is in the EMEA FX & EM Product Control Team. This business includes Flow and Options based desks as well as more complex structured products. The candidate will be responsible for all aspects of control and liaison with the Front Office, Risk Management, IT, Middle Office and other finance teams. They will also be responsible for performing assessments of transactions including PL recognition and reserving, deal review, review of financial resource metrics and reporting and presenting to both local and global senior finance management.

KEY RESPONSIBILITIES

• Managing the reporting of a comprehensive daily trading PL and balance sheet, including PL Explain with detailed commentary covering PL drivers, trading activity, key exposures and market context.
• Carry out intelligent analysis and challenge the business performance, trading activity, deployment of financial resources and adherence to governance requirements.
• New deal analysis with responsibility for coordinating Finance wide reviews of new products and new transactions reporting conclusions to senior finance management.
• Own the business relationship, opine and validate PL recognition challenges and reserve requirements.
• Responsible for financial resource and return calculations on new transactions as well as understanding all aspects of financial resource consumption such as capital, balance sheet and leverage exposure for the business.
• Stakeholder management across Trading, Risk, Middle Office, Operations and IT.
• Monitoring of key controls and reconciliations, owning the adherence to policies and procedures.
• Constantly challenge the status quo and look for opportunities to improve the control environment, maintaining best practice control standards.
• Ensure that all activities are carried out in full compliance with Product Controls policies and procedures and internal Nomura's Policies and Policy Standards.
• Represent Finance's interest on key firm wide projects.

KEY SKILLS AND EXPERIENCE REQUIRED

• Relevant product control experience with a strong understanding and experience of FX cash and derivatives financial instruments, including options and forwards products.
• Some knowledge of structured note products would also be desirable but not essential.
• Preferably a qualified accountant (CIMA, ACCA, ACA, etc).
• Good academics, preferably in a numerate subject.
• Self starter with strong time management and multi tasking skills.
• Ability to face off with key business stakeholders.
• Strong communication skills and attention to detail with analytical capability and a can do attitude.
• Track record of improving controls and processes and adding value to clients/stakeholders.

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.