Equity Prime Brokerage Middle Office Associate

Equity Prime Brokerage Middle Office Associate

Job title:

Equity Prime Brokerage Middle Office Associate

Corporate

Title:

Associate

Department:
Finance

Location:

London

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. For further information about Nomura, visit

Department overview

The Transaction Control team, previously known as Middle Office, is part of the wider Global Middle Office team within Finance. The Transaction Control function’s primary responsibility is as a control function at the trade and portfolio level, ensuring the accuracy and completeness of trading P&L and the smooth running of the daily trading environment. The team is central to all activity relating to trading desks and as such is widely involved in new regulatory, legal entity and innovation activities.

Additionally, Transaction Control provides a value-add service and mitigates risk further by providing timely and relevent insight to management on trading activity. The Transaction Control function is responsible for trade control and support for Front Office activities across Global Markets and the Investment Banking division, and is responsible for processing transactions and fulfilment of control aspects of trade lifecycle.

The Equity Transaction Control team consists of multiple Equity product groups:

• Prime Finance:
  The team provide direct, client aligned services to Hedge Fund clients, Prime Finance trading teams and offer operational and analytical support to other Global Market teams including Sales and Client service.
• Delta-1:
  Where middle office supports desk offering single stock and basket swaps to clients & broker dealers seeking long or short exposure using Total Return Swaps (TRS) to equity underlying assets.
• Equity Solutions:
  Providing middle office support to desk helping clients build new equity positions. Equity Financing, including Equity-linked instruments and Margin Loans providing funding against clients’ new/existing equity stakes. Supporting clients to exit equity investments & delivering strategic solutions to clients
• Convertible Bonds:
  Providing middle office support to desk offering Convertible bond in secondary market & build client positions
• Equity Syndicate:
  Where middle office team supports desk by facilitating and ensuring smooth settlement of high-value Japanese IPOs and follow-on offerings.

The team are supported by a team in Mumbai where other middle office support activities are performed.

With a growing business diversifying all the time, a cash and OTC product scope and synergies of the same HF clients and Delta-1 business contacts the role will be challenging and varied. It will offer exposure to all areas of the business including Operations divisions, Finance, Risk and Front Office sales and trading. It is a client facing role and the successful candidate will have direct exposure to clients.

Over time the successful applicant will develop an excellent understanding of how the Delta-1 division operates. Good analytical, risk awareness and communication skills, together with an aptitude to learn, are equally if not more important than direct experience or background.

Primarily responsibilities of the role include:

• Daily support to the trading & sales desk, answering queries and liaising with Client Service to ensure client trades and economics are correctly reported through the system architecture.
• Provide regional and global coverage, managing the client's transactional portfolio and taking calculated steps to ensure that the client and Nomura are not exposed to financial or reputational risk
• Monitoring of clients reports on a daily, weekly and monthly basis. Meeting with Client Service and drive forward…