JOB DESCRIPTION – Collateral Management VP Role

Nomura 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. For further information about Nomura, visit www.nomura.com.

Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations.

At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India

Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.

Divisional Overview:

Global Middle Office (GMO) is a control function focused on the integrity of key transactional, risk and financial data and reporting. GMO will also perform an Advisory role partnering with the business and management to help deliver the firm-wide strategy. To achieve this GMO will leverage the latest Digital Innovation & Automation (DI&A) opportunities to optimize GMO’s efficiency and operating model. Key Responsibilities include:

• Data Management:

Providing a complete and validated data set of transactional information, efficiencies in the production and proactive management of these data sets

• Control:

Provide assurance on accuracy of firms’ financial statements through daily PL validation, Risk Model inputs, Proactive management of internal inventory and collateral obligations to ensure key liquidity / collateral requirements are optimized

• Advisory:

Provide business support and oversight on new products/transactions, financial resources, liquidity management and trade bookings. Propose and implement FTB process improvements; institute performance analytics; and help navigate regulatory, industry and account changes

Department overview:

The Collateral Management team is part of the wider Global Middle Office team that plays an important role within Finance. It includes the Product Control, Valuations, Collateral Management and Risk & Operations Middle Office functions. The Collateral team is an independent control function that ensures the required exposure based on market and credit risk is covered.

Global Middle Office work closely with the Wholesale division supporting the business and their trading activities. They also work closely with Risk, Operations, IT, Legal and Compliance as well as other functions within the Finance division. GMO provide management with valuable insight into the Wholesale trading performance and key financial information.

Role description:

• As the Collateral VP, responsibilities will include:
• Take ownership and be accountable for the delivery of Margin Process and their controls
• Ensure timely escalation of all the exception. Build and enhance the controls around the process
• Good people management skills to motivate and lead the teams
• Responsible for hiring and performance assessment for the teams
• The individual will work closely with Trading, Banking, Risk, Operations and other corporate functions to resolve booking, valuation and P&L reporting issues.

Requirements:

• Minimum Degree from an accredited University or Professional Qualification for e.g. Chartered Accountant or Chartered Financial Analyst
• Minimum 8 years’ experience in Collateral Management with a strong technical knowledge of OTC and Repo
• Experience in Uncleared Margin Rules and their regulations
• Good understanding of the available digital tools and should have involved in implementation of digital tools in the process automation.
• Proven self-starter showing initiative to address issues as they arise and confidence in analyzing and presenting complex financial data.
• Excellent communication skill for effective interaction with senior stakeholders.
• Demonstrated outstanding leadership skill managing and developing junior team members, and ability to effectively managing multiple stakeholders and display leadership qualities to make and impact to achieve desired result
• Strong control mind set, and not afraid to ask questions, challenge the status quo and suggest changes and re-invent the process. Desire to drive for improvement and efficiency.

Position Specification:

Mandatory Skill Set :

• Detailed understanding of the various products across Equity and Fixed income businesses and any valuation issues thereof. Good understanding of PC processes and relevant controls
• Ability to understand the booking structure for complex trades and raise relevant issues to Product Control management.
• Good Logical reasoning skills, ability to apply existing knowledge to take logical approach while solving new un-seen issues. Strong control mindset

Desired Skill Set :

• Good understanding of the relationship between Valuations and P&L teams within the bank and the various areas of interaction required.
• Confident in double entry accounting associated with products covered

Nomura Leadership Behaviours:

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.