At a Glance
- Tasks: Manage FVA aspects, trade verification, and drive change in a dynamic finance environment.
- Company: Join Nomura, a global financial services leader with a collaborative culture.
- Benefits: Competitive salary, hybrid working model, and opportunities for professional growth.
- Other info: Diverse and inclusive workplace committed to employee development.
- Why this job: Be part of a key team influencing global trading strategies and risk management.
- Qualifications: Experience in Product Control and strong numerical skills required.
The predicted salary is between 43200 - 72000 £ per year.
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.
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, analysing the daily trading activities and explaining both the trading divisions' revenue and FTP costs. 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.
Product Controllers are expected to develop a good understanding of the products they monitor and of the risk exposure and funding management methods used by the trading desk to optimise resources for Nomura. The function has become increasingly technical in content and offers a challenging and interesting role, suited to dynamic, bright and ambitious individuals with a drive to succeed.
Key member of the Business Resource Management (BRM) Product Control team. BRM is Nomura's XVA desk, comprised of both CVA and FVA and whose role is the effective management of Nomura's counterparty credit and funding risk. The successful candidate will be expected to manage the FVA aspect of BRM on a daily basis, running coordination and oversight globally across Asia, Japan and the US and managing the Global Powai Hub in India.
Responsibilities include:
- Trade verification
- Daily PL
- Adhoc query resolution
- KRI reporting
- Driving change and daily flash
They must understand, maintain and enhance processes utilising knowledge of XVA and controls. Partner with Front Office and other control functions to build and develop control and governance frameworks for bespoke and developing business lines.
Skills, experience, qualifications and knowledge required:
- Product Control experience required
- Accounting qualification and/or numerate degree preferable
- Familiarity with credit, rate and FX derivatives
- Detailed understanding of the impact a CSA has on derivative valuation including CVA & FVA
- Manage relationships with senior traders and other stakeholders such as the offshore teams, business managers, regulatory reporting, risk management etc.
- Strong numerical and communication skills, demonstrate a control mind-set and take initiative to identify and solve problems
- Need to demonstrate confidence in discussing complex issues with senior individuals
- Need to demonstrate pro-actively using initiative to improve processes and systems
- Planning and organizational skills; executing priority actions on-time, keeping stakeholders updated and managing expectations
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.
XVA Product Controller (Vice President) in London employer: Nomura Holdings, Inc.
Nomura is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong focus on employee growth, Nomura provides ample opportunities for professional development and exposure to a diverse range of financial products, all while fostering a culture of inclusivity and support. The hybrid working model and commitment to diversity make it an attractive place for ambitious individuals seeking meaningful careers in finance.
StudySmarter Expert Advice🤫
We think this is how you could land XVA Product Controller (Vice President) in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work at Nomura or similar firms. A friendly chat can open doors and give you insider info on the role.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of XVA, CVA, and FVA. Show us you understand the products and risks involved, and be ready to discuss how you can contribute to the team.
✨Tip Number 3
Practice your communication skills! You’ll need to explain complex issues clearly to senior traders and stakeholders. Mock interviews with friends can help you nail this down.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the Nomura family.
We think you need these skills to ace XVA Product Controller (Vice President) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the XVA Product Controller role. Highlight relevant experience in product control, especially with credit, rate, and FX derivatives. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role at Nomura and how your background makes you a great fit. Keep it concise but impactful – we love a good story!
Showcase Your Technical Skills:Since the role is quite technical, don’t shy away from showcasing your numerical and analytical skills. Mention any relevant tools or software you’re familiar with that could help in managing FVA and CVA processes.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Nomura Holdings, Inc.
✨Know Your Numbers
As a Product Controller, you'll need to be comfortable with numbers and financial concepts. Brush up on your understanding of CVA, FVA, and how they impact derivative valuation. Be ready to discuss specific examples from your past experience where you've successfully managed or analysed these aspects.
✨Understand the Role
Make sure you have a solid grasp of what the BRM Product Control team does. Familiarise yourself with the daily responsibilities like trade verification and KRI reporting. This will help you articulate how your skills align with the team's needs during the interview.
✨Build Relationships
Since this role involves liaising with senior traders and various stakeholders, think about how you can demonstrate your relationship-building skills. Prepare examples of how you've effectively communicated complex issues in the past and how you’ve navigated challenging conversations.
✨Show Initiative
Nomura values proactive problem-solving. Come prepared with ideas on how you could improve processes or systems within the Product Control function. This shows that you're not just looking to fill a role but are genuinely interested in contributing to the team's success.
