International Wealth Management Product Control Manager

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.

Business Unit Overview:

The IWM product control team akin to Private Banking Finance provides a wide range of support to International Wealth Management business covering a broad range of products based in Singapore. The Product Control

team(within Global Middle Office) at Nomura goes beyond the core Product Control responsibilities and acts as a key Finance advisory function to the business (e.g. Financial Resource usage, legal entity booking model, bespoke transaction setup & approval, business analysis, technical projects, cross-functional liaison, business MIS, legal entity transfer pricing etc.

Position Specifications:

Experience - 6+ years PC experience in Investment Banking (IBD)/International Wealth Management (IWM)

Qualification-MBA (Finance)/ CFA/CA

Role & Responsibilities:

• We are looking for an enthusiastic self-driven Product Controller to join the Wealth Management PC team. The individual needs to demonstrate strong Control mindset and will be responsible for providing oversight of daily P&L and balance sheet movements of the business. We would require the individual to be well versed with Equities, Fixed Income products and structures commonly seen in the Asian markets. The role requires frequent interaction with business and stakeholders across Finance.
• Responsible for International Wealth Management business commensurate to Private Banking Finance.
• Take ownership, and be accountable for the timely and accurate calculation, verification, reporting of daily P&L and MI to internal stakeholders.
• Interaction with Business, Operations, Risk, Treasury, FC&R, CMA, Valuations, and other functions to resolve booking, valuation, accounting, financial resource and management reporting queries including follow up.
• Undertake critical reviews and analysis of IWM business activity with the objective of highlighting significant items to senior management.
• Undertake various month activities which includes Balance Sheet substantiation, transfer pricing, MIS/KPI, EOM financial reporting and validation of key senior management.
• Supporting team in managing automations including process walkthroughs for developers, supporting in testing and completing related documentation.
• Proactively Identifying the opportunities for process automation/reengineering and taking these to logical conclusion post approval from management as well as onshore stakeholders.
• Training new joiners/junior members and providing guidance to junior team members in handling unusual breaks/queries

Mandatory Skill Set :

• Demonstrates a good understanding (features & payoff) of financial products such as Forwards, Swaps, Futures & Options (including exotic options), and the relevant greeks and sensitivities involved.
• Strong communication skills and attention to details.
• Knowledge of Database e.g.: SQL,MS Access.
• Experience within Private Banking accounting practices, balance sheet substantiation, transfer pricing and MI reporting.
• Experience with Avaloq banking suite.

Desired

Skill Set :Demonstrates an expert-level understanding of various pricing / valuation methodologies.