At a Glance
- Tasks: Join our Trade Support team to ensure smooth trade processing and collateral management.
- Company: Nomura, a global financial services leader connecting markets across 30 countries.
- Benefits: Gain valuable experience in finance with a competitive salary and professional development opportunities.
- Other info: Flexible work environment with opportunities for growth and learning.
- Why this job: Be part of a dynamic team making impactful decisions in asset management.
- Qualifications: Previous experience in trade support or collateral management is a plus.
The predicted salary is between 30000 - 42000 £ per year.
Company Overview
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
Working in the Asset Management division, the Trade Support team ensures all trades placed by the front office are correctly processed in the market and internal systems reflect correct trade information. The team handles all trades executed out of Nomura Asset Management’s London office across the following asset classes: Equities; Fixed Income; Money Markets; Exchange Traded Futures, OTC Derivatives; FX, FX options and NDFs. The team also supports our global offices with trade related queries. In addition to this the team also carries out collateral management functions.
Role Overview
Working in a team, with staff based in the UK and outsourced roles in Powai, India, the successful candidate will have a variety of tasks to complete, which includes collateral management monitoring & processing, trade confirmations, overseeing FX processing and trade settlement queries, and providing assistance and guidance to offshore team in Powai. The ideal candidate would be a self‑motivated team player with previous experience in a similar role. The candidate must be able to prioritise individual and team work loads and deliver high quality, accurate work to meet standards required by internal and external parties.
Main Duties and Responsibilities
- Carrying out daily collateral management processes, involving checking daily positions loaded into TriResolve, ensuring valuations and daily broker statements have been received.
- Processing of daily calls or pledges utilising Cloudmargin, investigating any disputes and ensuring all payments are made or received in time.
- Monitoring pledged positions and cash balances to ensure no overdrafts or failed trades.
- Confirmation and instruction of all OTC derivatives, including Credit Default Swaps, Credit Default Swap Options, Interest rate swaps & FX options.
- Ensuring timely confirmations are received from brokers, trades are cleared in a timely manner, instructing the custodian and liaising with both brokers and custodian regarding payments.
- Resolving any queries from internal and external teams in relation to bookings.
- Trade confirmation and instruction processing for both Equity and Fixed Income securities.
- Involves supporting Powai office carrying out this role, and being first point of escalation in assisting to follow up with multiple external brokers and liaising with the NAMUK Trading desk, to ensure trades are allocated and confirmed.
- Overseeing the confirmation of all FX trades executed by NAMUK Trading desk with the brokers.
- Being escalation point for Powai in resolving any exceptions.
- Processing of fixing rates for NDF trades and confirming payments with brokers.
- Ensuring that all Money Market trades (CDs, CPs, MTNs and FRNs) executed by the trading team are confirmed and instructed, resolving any issues that may occur.
- Providing support to the settlement team located in Powai, assisting to raise urgent queries to brokers or custodians and tracking high value transactions, to ensure all trades settle on the correct value date wherever possible.
- Monitoring group email inboxes to ensure all queries are actioned by the team according to priority and ensuring that there are no outstanding items at COB.
- Ensuring existing procedures are kept up‑to‑date with changing processes.
Skills & Experience
- Collateral Management experience would be extremely desirable.
- Knowledge of SWIFT, DTCC CTM required, Bloomberg AIM, TriResolve, Cloudmargin, Markitwire beneficial.
- Understanding of the trade lifecycles for the following products: Equities, Fixed Income, FXs, NDFs instruments, and exchange traded options & futures.
- Knowledge of OTC products and their lifecycles advantageous.
- Must be able to communicate clearly, both written and orally, with internal counterparties as well as external bodies.
- Having had experience of working with, and having had oversight, of offices in another location would be beneficial.
- Ability to assess different levels of risk, in order to know what must be prioritised.
- Excellent time management skills essential to ensure timely delivery of scheduled standard tasks.
- Ability to remain flexible to meet changing business priorities.
- Ability to get counterparties to deliver with the tenacity to follow up on outstanding actions.
- Ability to quickly understand new systems, both in-house and market‑supplied providers.
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).
Diversity Statement
Nomura is committed to an employment policy of equal opportunities and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender 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.
Trade Support - Asset Management (6-month contract) employer: Nomura
Nomura is an exceptional employer that fosters a dynamic and inclusive work culture, providing employees with the opportunity to engage in meaningful work within the global financial services sector. Located in London, the Asset Management division offers a collaborative environment where team members can grow professionally through diverse responsibilities and exposure to various asset classes, while also benefiting from a commitment to diversity, equity, and inclusion.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Support - Asset Management (6-month contract)
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work at Nomura or in asset management. A friendly chat can sometimes lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of trade lifecycles and collateral management. Be ready to discuss how you’ve handled similar tasks in the past. We want to see that you can bring your experience to the table!
✨Tip Number 3
Show off your problem-solving skills! During interviews, share examples of how you've tackled challenges in previous roles. This will demonstrate your ability to think on your feet and adapt to changing priorities.
✨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 genuinely interested in joining our team at Nomura.
We think you need these skills to ace Trade Support - Asset Management (6-month contract)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Support role. Highlight relevant experience in collateral management and trade processing, and don’t forget to mention any specific systems you’ve worked with like SWIFT or Bloomberg AIM.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the team. Mention your ability to communicate clearly and your experience with trade lifecycles, as these are key for this role.
Showcase Your Team Spirit:We love team players! In your application, share examples of how you've collaborated with others, especially in high-pressure situations. This will show us that you can thrive in our dynamic environment.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at Nomura.
How to prepare for a job interview at Nomura
✨Know Your Trade Lifecycles
Make sure you brush up on the trade lifecycles for Equities, Fixed Income, and FX products. Being able to discuss these confidently will show that you understand the core responsibilities of the role and can hit the ground running.
✨Familiarise Yourself with Key Tools
Get to know tools like SWIFT, DTCC CTM, and Cloudmargin before your interview. If you can demonstrate familiarity with these systems, it’ll give you an edge and show that you're ready to tackle the technical aspects of the job.
✨Prepare for Scenario Questions
Expect questions about how you would handle specific trade-related scenarios or disputes. Think through examples from your past experience where you successfully resolved issues or improved processes, as this will highlight your problem-solving skills.
✨Show Your Team Spirit
Since this role involves working closely with both local and offshore teams, be prepared to discuss how you’ve collaborated in the past. Highlight your ability to communicate clearly and effectively, as well as your experience in supporting team members.
