Trade Support in London

Role type: Contract (6 months)

Department: Trade Support - Asset Management

Reporting to: Head of Trade Support

Location: London (Hybrid Working)

Company overview:

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:

Working in the Asset Management division, the Trade Support team ensures all trades placed by the front office are correctly processed in the market and internal systems reflect correct trade information. The team handles all trades executed out of Nomura Asset Management's London office across the following asset classes: Equities; Fixed Income; Money Markets; Exchange Traded Futures, OTC Derivatives; FX, FX options and NDFs. The team also supports our global offices with trade related queries. In addition to this, the team also carries out collateral management functions.

Role overview:

Working in a team, with staff based in the UK and outsourced roles in Powai, India, the successful candidate will have a variety of tasks to complete, which includes collateral management monitoring & processing, trade confirmations, overseeing FX processing and trade settlement queries, and providing assistance and guidance to offshore team in Powai. The ideal candidate would be a self-motivated team player with previous experience in a similar role. The candidate must be able to prioritise individual and team workloads and deliver high quality, accurate work to meet standards required by internal and external parties.

Main Duties and Responsibilities:

• Carrying out daily collateral management processes, involving checking daily positions loaded into TriResolve, ensuring valuations and daily broker statements have been received.
• Processing of daily calls or pledges utilising Cloudmargin, investigating any disputes and ensuring all payments are made or received in time.
• Monitoring pledged positions and cash balances to ensure no overdrafts or failed trades.
• Confirmation and instruction of all OTC derivatives, including Credit Default Swaps, Credit Default Swap Options, Interest rate swaps & FX options. Ensuring timely confirmations are received from brokers, trades are cleared in a timely manner, instructing the custodian and liaising with both brokers and custodian regarding payments. Resolving any queries from internal and external teams in relation to bookings.
• Trade confirmation and instruction processing for both Equity and Fixed Income securities. Involves supporting Powai office carrying out this role, and being first point of escalation in assisting to follow up with multiple external brokers and liaising with the NAMUK Trading desk, to ensure trades are allocated and confirmed. There is a business requirement to receive information before COB on trade date on the majority of our funds.
• Overseeing the confirmation of all FX trades executed by NAMUK Trading desk with the brokers. Being escalation point for Powai in resolving any exceptions. Processing of fixing rates for NDF trades and confirming payments with brokers.
• Ensuring that all Money Market trades (CDs, CPs, MTNs and FRNs) executed by the trading team are confirmed and instructed, resolving any issues that may occur (e.g. if manual confirmations are sent by the broker, queries from the custodian).
• Providing support to the settlement team located in Powai, assisting to raise urgent queries to brokers or custodians and tracking high value transactions, to ensure all trades settle on the correct value date wherever possible.
• Monitoring group email inboxes to ensure all queries are actioned by the team according to priority and ensuring that there are no outstanding items at COB. This will involve dealing with queries from other internal teams within NAM UK, from other global offices in the NAM group and various external parties, such as brokers and custodians.
• Ensuring existing procedures are kept up-to-date with changing processes.

Skills & Experience:

• Attention to detail essential.
• Collateral Management experience would be extremely desirable.
• Knowledge of SWIFT, DTCC CTM required, Bloomberg AIM, TriResolve, Cloudmargin, Markitwire beneficial.
• Understanding of the trade lifecycles for the following products: Equities, Fixed Income, FXs, NDFs instruments, and exchange traded options & futures.
• Knowledge of OTC products and their lifecycles advantageous (e.g. Swaptions, Interest Rate Swaps, Credit Default Swaps, CDX, FX options).
• Must be able to communicate clearly, both written and orally, with internal counterparties (e.g. portfolio managers, trading desk, client services, other Nomura offices), as well as external bodies (brokers and custodians).
• Having had experience of working with, and having had oversight, of offices in another location would be beneficial.
• Ability to assess different levels of risk, in order to know what must be prioritised.
• Excellent time management skills essential to ensure timely delivery of scheduled standard tasks. This includes understanding and completing requirements for peak periods (e.g. receiving confirmations by COB, and increased volumes for monthly portfolio rebalancing/ monthly FX fixing/rollover periods). However, an ability to remain flexible to meet changing business priorities is also needed.
• Ability to get counterparties to deliver with the tenacity to follow up on outstanding actions.
• Ability to quickly understand new systems, both in-house and market-supplied providers.

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. If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

Nomura is an Equal Opportunity Employer.