Cash Bonds Middle Office (Associate)

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:

The Cash Bonds Middle Office, based in London, supports the Rates, Credit and DCM cash businesses. The team is responsible for trade validation, intraday exception monitoring and resolution, lifecycle management and the review of reconciliation output. It is set up to offer a trading support function to the front office, and therefore interacts regularly with a wide network of internal departments including Trading, Sales, Operations and Finance teams both onshore and offshore. Additional responsibilities include industry/regulatory change, infrastructure migration and integration and project management/delivery.

Key objectives critical to success:

This role is suitable for an Associate. An ideal candidate should have an understanding of bonds from a product perspective, as well as market infrastructure, and have had experience directly supporting a trading desk in a trade support or similar role. We are looking for a motivated and ambitious individual with a good understanding of operational risk and strong communication skills. The successful candidate will need to be able to work both within a team and independently in a high volume environment, must be able to prioritise effectively and understand when to escalate.

Team Duties include:

• Confirming the accuracy of trade bookings
• Central role in managing the front to back trade flow
• Managing the full lifecycle of trades
• Resolving booking issues and cash breaks
• Monitoring and resolution of internal trade and intersystem reconciliation breaks
• Involvement in producing all relevant reports, business controls and associated commentary
• KRI monitoring and analysis
• Responsible to the desk for all aspects of post trade
• Working with management to maintain and develop a range of relationships across relevant trading businesses and corporate functions
• Working closely with all the support functions (settlements, valuations, collateral management, etc.) to provide full operational support to the Front Office
• Working across departments and regions to co-ordinate and deliver process and system enhancements
• Active participation in the Front Office Supervisory framework
• Providing effective challenge to the business

Skills, experience, qualifications and knowledge required:

• Good knowledge of bonds
• Strong interpersonal and communication skills, the role will require daily interaction with senior Front Office stakeholders globally
• Must be a team player
• Organised, with a strong ability to prioritise multiple deadlines
• Attention to detail and a proven high level of accuracy
• Ability to work in a high pressure environment

Explore Insights & Vision:

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions:

• Evaluate all the options for resolving the problems and effectively prioritise actions or recommendations.
• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability:

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion:

• Respect DEI, foster a culture of psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

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.

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.