Prime Brokerage Middle Office Associate – New York

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Job Code: 14260

Country: US

City:
New York

Skill Category:
Operations

Description:

Corporate Title
:
Associate

Department:Operations

Location:
New York, NY

The pay range for this position at commencement of employment is expected to be between $105k and $120k/ year * (see below footnote for additional compensation and benefits information).

Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions:
Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.

Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit

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

Prime Brokerage Middle Office Trade Support Team

• Cash Prime Brokerage middle office expert required to help restart the business in NY
• The prime broker middle office role acts as a crucial link between the front office (sales and trading) and the back office (settlements and operations)  core function of the prime broker middle office is to manage and control the operational risk associated with prime brokerage activities and ensure smooth and accurate transaction processing for hedge fund clients and other institutional investors.
• Ensuring the complete lifecycle of client transactions, including trade capture, affirmation, confirmation, settlement, and reconciliation, runs smoothly.
• Working to resolve trade breaks, discrepancies, and settlement exceptions, often coordinating with other internal teams like settlements, margin, and various broker-dealers involved in the transaction.
• Managing cash movements and ensuring accurate cash reconciliation for clients.
• Serving as a primary point of contact for clients for operational inquiries and problem resolution, particularly related to asset servicing, corporate actions, and transaction processing.
• Building and maintaining strong relationships with clients to ensure their operational needs are met and to foster positive client experiences.
• Providing clients with information and expertise on various prime brokerage services and potentially advising on complex processing issues.
• Monitoring and controlling risks associated with prime brokerage activities, including trade processing, settlement, and corporate actions.
• Understanding and adhering to internal and external regulatory requirements and control frameworks.
• Escalating potential risk issues to senior management when necessary.
• Handling and reviewing corporate action queries and elections, including dividends, principal and interest, mandatory events, voluntary events, proxies, and tax implications.
• Coordinating with internal teams and clients to ensure timely and accurate completion of corporate actions, including elections and documentation.
• Working collaboratively with different departments within the firm, such as sales, trading, settlements, technology, and risk management.

• 4+ years in Prime Brokerage Middle Office role
• Bachelor’s Degree (preferably Mathematics, Finance or any related field)
• Caph PB experience at another large bank
• High level of proficiency with Excel
• High level of client service provided to both internal and external stakeholders
• Ability to manage multiple issues and effectively prioritize workload
• Eager to learn and wants to working in a fast paced environment

• 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 prioritize actions or recommendations.
• Inspire Entrepreneurship in People
  :
  Inspire team members through…