Trade Support - Asset Management

Trade Support - Asset Management (6-month contract)

Job Code: 12604

Country: GB

City:
London

Skill Category:
Asset Management

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

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.

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.

• Carrying out daily collateral management processes, involving checking daily positions loaded into Tri Resolve, 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. There is a business requirement to receive information before COB on trade date on the majority of our funds.
• 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 (e.g. if manual confirmations are sent by the broker, queries from the custodian).
• 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 s will involve dealing with queries from other internal teams within…