Structured Credit Product Controller (Associate) in London

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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 a global function with staff located in London, New York, India and across the Asia Pacific region. Product Control reviews and opines on new products and transactions, ensuring compliance with accounting, regulatory and valuation guidance and the efficient deployment of the firm’s financial resources.

Role Responsibilities

• The controller will oversee Structured Credit with product exposure to Credit Default Swaps & Indices, Credit linked notes, Total Return Swaps, Structured Repos and Loans.
• The role of the onshore team spans business advisory, performance analysis, balance sheet substantiation and valuation controls.
• The candidate will 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 senior management on business performance, challenges and opportunities.
• The candidate will have oversight of all financial resource metrics including RWA, Leverage Exposure & Funding requirements and be expected to provide value-add analysis of usage and returns on resources deployed.
• The product control team is an integral part of new business development, coordinating the finance response to new products and non-standard transactions, ensuring new trade proposals meet the firm’s revenue returns requirements.
• The candidate will be required to develop and maintain a sound understanding of relevant accounting standards and regulatory developments to critically assess new business proposals.
• The role offers exposure to senior management within Nomura Finance, Global Markets, Risk and Operations, challenging the individual to liaise with stakeholders across the bank which will require excellent communication and presentation skills.

Skills, Experience, Qualifications and Knowledge Required

• Relevant product control experience with a strong understanding and experience of derivatives and financial instruments, preferably structured credit products such as credit derivatives (CDS, credit indices, credit linked notes, total return swaps).
• 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.

Diversity & Inclusion

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.

Right to Work

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.