At a Glance
- Tasks: Manage daily trading reports and analyse financial performance in a dynamic environment.
- Company: Join Nomura, a global leader in financial services with a collaborative culture.
- Benefits: Competitive salary, professional development, and a diverse workplace.
- Why this job: Make an impact in finance while working with innovative products and strategies.
- Qualifications: Experience in product control and strong analytical skills required.
- Other info: Opportunity for career growth in a supportive and inclusive environment.
The predicted salary is between 72000 - 108000 £ 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, to analyse the daily trading activities, to explain and report the trading divisions' profits and losses whilst ensuring that the Finance governance framework is maintained.
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. These businesses are both diverse and complex, covering a variety of trading strategies and products including but not limited to exotic options, structured note issuances, deal contingent transactions and a spectrum of non-linear rates 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.
- Relevant product control experience with a strong understanding and experience of FX cash and derivatives financial instruments, including options and forwards products.
- 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.
EMEA FX & EM Product Control (Vice President) employer: Nomura
Contact Detail:
Nomura Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land EMEA FX & EM Product Control (Vice President)
✨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 lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by diving deep into the FX and EM markets. Brush up on your knowledge of financial instruments, especially options and forwards. The more you know, the more confident you'll feel when discussing your expertise.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've improved processes or controls in past roles. Use specific examples to demonstrate your ability to challenge the status quo and add value.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining the team at Nomura.
We think you need these skills to ace EMEA FX & EM Product Control (Vice President)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the EMEA FX & EM Product Control role. Highlight relevant experience in product control, especially with FX cash and derivatives. We want to see how your skills align with what we do!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your understanding of trading strategies and financial instruments.
Showcase Your Analytical Skills: In your application, demonstrate your analytical capabilities. Share examples of how you've challenged business performance or improved controls in previous roles. We love candidates who can think critically and add value!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Nomura
✨Know Your Products Inside Out
Make sure you have a solid understanding of FX cash and derivatives financial instruments, especially options and forwards. Brush up on structured note products too, as they might come up in conversation. Being able to discuss these confidently will show your expertise and readiness for the role.
✨Prepare for Scenario-Based Questions
Expect questions that require you to analyse trading activities or explain PL drivers. Think about past experiences where you've had to challenge business performance or improve controls. Prepare specific examples that highlight your analytical skills and ability to communicate effectively with stakeholders.
✨Showcase Your Communication Skills
Since this role involves liaising with various teams, practice articulating complex financial concepts clearly and concisely. You might be asked to present findings to senior management, so being able to convey your ideas effectively is crucial. Consider doing mock presentations to build your confidence.
✨Demonstrate a Can-Do Attitude
Nomura values individuals who are self-starters and can manage multiple tasks efficiently. During the interview, express your enthusiasm for the role and your willingness to take on challenges. Share examples of how you've proactively improved processes or added value in previous positions to illustrate your proactive mindset.