Global Execution Services Product Control Vice President

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Job Code: 11988

Country: US

City:
New York

Skill Category:
Finance Middle Office

Corporate

Title:

Vice President

Department: Finance Middle Office

Location: New York

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions:
Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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

Aon’s Benefit Index®, Nomura’s benefits rank #1 among our competitors.

Instinet Global Executive Services department.

This role supports the Global Execution Services business line and requires a fundamental understanding of Execution Services and associated Product Controller responsibilities. The ideal Product Controller will be highly attentive to detail and risk, uphold a strong control environment, and be able to drive interaction with stakeholders from numerous functions and regions.

Global Execution Service business line primarily consist of the Instinet Business. This is a unique role, as although Instinet is headquartered in N.Y., it has entities across all regions. As such, the role is a blend of regional and global responsibilities. The Nomura Group is committed to fully integrating its support functions for Nomura and Instinet, and this newly created position will help play a leadership role in that for revenue recognition, financial resource usage and management information reporting related responsibilities.

• Initial one-time responsibilities:
  • Evaluate current processes, and complete tactical and strategic improvement efforts.
  • Integrate Instinet’s product controller related responsibilities to comply with Nomura Group policies and procedures on a global basis in all regions.
• Ongoing regular responsibilities:
  • Manage inquiries from Instinet Business leadership.
  • Daily P&L Reporting, Flash to Actual analysis, Front-to-Back reconciliations, P&L Commentary, verification of manual adjustments, and Balance Sheet Attestation.
  • Close interaction with the Instinet trading desk, Operations and other support functions as needed to resolve booking, valuation and financial resource usage related queries.
  • P&L review including: FOBO reconciliations, Flash to Actual explanations and Attribution analysis.
  • Understanding daily summary of funding charges, including day-over-day variance analysis.
  • Understanding and motivate to resolve all manual adjustments.
  • Ensuring proper controls are in place as measured by KRI metrics.
• Monthly responsibilities include:
  • Closing of the firm’s books and records, including required manual journal entries and Balance Sheet substantiation; reconciliation of monthly FO P&L to General ledger; completion of various financial reporting schedules.
  • Interact with Product Control / Finance teams in other regions to understand all aspects of Instinet Revenue and be primary interface with Business and Corporate leaders on results.
  • Primary contact point for internal and external auditor inquiries.
  • Monitor and optimize Instinet financial resource usage.

• 6-10 years of Execution Services or Equities focused Product Control experience.
• BS in Finance, Economics or Accounting.
• Ability to multitask in a fast paced, results oriented environment.
• Strong verbal and written communication skills.
• Strong Excel and Access skills. Fluency in VB a plus.
• Team player, proactive, self-starter, who can be dynamic and detailed oriented.

• Identify the…