At a Glance
- Tasks: Support Exotic Credit trading and manage trade lifecycle with a focus on process improvement.
- Company: Join Nomura, a global financial services leader connecting markets across East & West.
- Benefits: Competitive salary, diverse work culture, and opportunities for professional growth.
- Other info: Inclusive environment that values diversity and promotes professional development.
- Why this job: Be at the heart of structured credit trading and make a real impact in finance.
- Qualifications: Strong communication, numerical skills, and knowledge of exotic derivatives preferred.
The predicted salary is between 52200 - 63800 £ per year.
Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.
The Structured Credit Middle Office (SCMO) team is part of Global Middle Office within the Operations department. The team works directly with the Structured Credit & Funding, Securitised Products and Portfolio Restructuring trading desks. SCMO are central to all trading activity relating to the desks it supports and therefore interacts regularly with a wide range of internal departments including Trading, Structuring, Sales, Operations, Product Control, Model Validation Group, Quants and Risk Management.
This role sits within SCMO, which provides trade management and first-line support for Exotic Credit trading and structuring desks. The Structured Credit business trades a full suite of structured products including CLNs, structured financing repos/loans and other credit derivatives, as well as associated hedging (Bonds, CDS, credit indices, futures, swaps etc).
The successful candidate will be required to understand Exotic products booking process, valuation models and downstream interaction with confirmation and settlement systems. Responsibilities include:
- Manage relationships with senior traders and other stakeholders such as offshore teams, business managers, regulatory reporting, risk management etc.
- Develop controls and governance frameworks to accommodate the bespoke nature of the structured business.
- Perform review of Front Office trade booking against the term sheet and/or blotter.
- Manage trade lifecycle incorporating call events & triggers, structured note issuance and complex cashflow management.
- Work closely with support functions (documentation, settlements, valuations, collateral management, reconciliations) taking responsibility for providing full operational support to Front Office.
- Proactively look for ways to improve processes/systems and close control gaps.
- Co-ordinate across departments and regions to deliver process and system enhancements.
- Produce T0 P&L Flash, including risk based P&L attribution and commentary.
- Create and review daily trading activity reports.
Skills, experience, qualifications and knowledge required:
- Strong communication skills and ability to multitask
- Strong numerical and problem solving skills
- Control mind-set and good understanding of operational risks
- Ability to manage own time and responsibilities
- Proactive in investigating and resolving issues
- Proactive in looking for ways to improve processes and controls
- Good exotic derivative product knowledge, preferably Credit (including bookings & documentation)
- Knowledge of controls required throughout trade lifecycle
- Proficiency in using Excel
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.
Structured Credit Middle Office (Associate) in London employer: Nomura
Nomura in Greater London is an exceptional employer that prioritises client service excellence and fosters a diverse and inclusive work environment. Employees benefit from a collaborative culture that encourages professional growth and development, alongside competitive compensation and comprehensive benefits. Working in the heart of London, team members enjoy access to a vibrant city life while contributing to impactful financial operations.
StudySmarter Expert Advice🤫
We think this is how you could land Structured Credit Middle Office (Associate) in London
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We think you need these skills to ace Structured Credit Middle Office (Associate) in London
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