At a Glance
- Tasks: Support Exotic Credit trading and manage trade lifecycles in a dynamic environment.
- Company: Join Nomura, a leading global financial services group with a diverse culture.
- Benefits: Competitive salary, professional development, and a commitment to diversity and inclusion.
- Other info: Opportunities for career growth and a supportive work culture.
- Why this job: Make an impact in structured credit while collaborating with top traders and stakeholders.
- Qualifications: Strong communication, numerical skills, and knowledge of exotic derivatives preferred.
The predicted salary is between 60000 - 70000 £ 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 is 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. Manage relationships with senior traders and other stakeholders such as the 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 Leadership Behaviours:
- 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 prioritize actions or recommendations.
- Inspire Entrepreneurship in People: 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 inclusion and 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.
Structured Credit Middle Office (Associate) 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)
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We think you need these skills to ace Structured Credit Middle Office (Associate)
Some tips for your application 🫡
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Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Nomura.
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How to prepare for a job interview at Nomura
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Nomura.
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Before your interview, reach out to current or former Nomura employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
