OPS-SS / Settlements

2-4 years
a month ago 3 Applied
Job Description

Nomura Overview:
Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset 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, (Powai) supports Nomura's businesses around the world. Powai s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura's global operations and are an integral part of Nomura's global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura's global business.

Divisional Overview (Mandatory):
The Operations division provides the support and control infrastructure that enables the Firm to develop and deliver financial products throughout the world. Working with the Sales, Trading and Information Technology Divisions, Operations professionals are responsible for the management and execution of transactions in a manner which maximizes profitability and minimizes risk.
Our division is responsible for the management and execution of millions of securities transactions on a daily basis. Our responsibilities include trade processing, confirmation, settlement, fails management, margin, asset servicing, risk management and various client services. In partnership with sales, trading, prime services, information technology and other teams from across the bank, we apply a continual focus on improving productivity and efficiency, while seeking new and innovative ways to support our clients changing needs.

Business Unit Overview:
Securities Settlements processes all activities related to the settlement of a trade when NOMURA, or one of its customers, buys or sells a security. The team interacts heavily with Fixed Income, Equity Trading and Sales, Credit, Treasury, Risk and Information Technology. Responsibilities include confirming trades, managing the delivery and receipt of securities and cash, and recording transactions on our books and records. Core settlements manages clearing and settlement of securities both for proprietary trading and for clients, dematerialized and physical securities
Pre-matching:
.As the term suggests, this is the initial stage in timely settlement of a trade. At this stage the primary objective is to agree all the dynamics of the trade to ensure its correct settlement.
.This activity is started at VD-1 stage (one day prior to Value date), which can differ if required by market regulations and other specifications around a trade.
.This is done via email and phone follow-ups to ensure audit and compliance requirements are adhered to
Settlement Day Matching and Settlements:
.This is the day the trade actually settles in the market. A lot of activity is generated around the trade, from covering short positions to deliver to chasing counterparty brokers in case of failing receipts.
.Following up with the local agent banks also form a part of Value date settlements, to ensure our instructions are matched and to resolve any agent level issues.
.Trades that require special attention - Corporate actions, New Issues, Potential Buy-in deliveries, Market regulated claims are given priorities and settled in accordance to the standard operating procedure.

Fails Management
.Root cause analysis and resolution of all failing trades which are not settled on respective value date within the specified cut-off as per the Market.
.Informing Desk / Sales to cover short positions, and taking steps to mitigate any risk around the fails.
.Reporting and Escalation of the failed trade to respective MO / FO
Exceptions Queue Management
.Trades that feed in with any of the economics missing form a part of Exception Queues. We resolve any exceptions that occur around Settlement exceptions, Swift Exceptions.
.Reconciliations: Form part of Post settlement activity which is actual reconciliation between the cash and stock reports. Any breaks or discrepancies are closely monitored and investigated.
Client Reports
.Reporting on a daily basis / as required by clients for their cash and stock positions.
.Funding reports.
.MTM status reports.
MIS and Control Activities
.A daily MI is published for us to understand our risks in the market and taking mitigating actions to avoid financial losses and loss of goodwill in the markets.
.This MI is published at different levels - ranging from India Management to Global Audience.
.An error log is also maintained to remain on top of any error / issue that we see in the future.

Role & Responsibilities:

. Settlements Analyst responsible to manage allegement, pre-match and settle securities settlements across global markets.
. Need to assist supervisor to manage process , risk , projects and internal/external queries

Key Skills:
Mandatory Desired Domain
. Experience in securities settlements
. Need good understanding of EMEA & US Markets
. Trade life cycle, swift formats, Product Knowledge of Equity, Fixed income
. Good interpersonal skills to manage Internal & External Stakeholders.
. Basic exposure on workflow tools, Data understanding, interpretation and presentation using any new age digital skills or tools
(e.g. Altreyx, Advance Excel Macro, Python, Power-Bi, Tabelu, etc.)
. Settlements Analyst responsible to manage allegement, pre-match and settle securities settlements across global markets.
. Need to assist supervisor to manage process , risk , projects and internal/external queries

JOB TYPE

Function

Skills

Altreyx
Power-Bi
Advance Excel Macro
Data understanding
workflow tools
Tabelu
US Markets

At Nomura you will discover a unique spirit and proud heritage. Since 1925, Nomura has built on a commitment to deliver unique value to clients by connecting markets East & West. We continue to service our clients in a differentiated way, providing creative and entrepreneurial solutions.If you are keen to be a part of a highly nimble and diverse workforce that offers opportunities for you to build a long term career, then come and discover more about Nomura. This could be a perfect fit for you.Since our founding we have accumulated an unparalled depth and breadth of experience throughout Asia and the rest of the world. We are a highly integrated global network of 27,000 people in 30 countries across our retail, asset management and wholesale (Global Markets and Investment Banking) divisions.

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