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Business Manager – EMEA Structured Trading

Company/ Firm Name

Nomura

Location

London, UK

Published Date

25 January 2022

About the job:

Company overview



Nomura is an Asia-based 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




Department overview:



Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent, client relationships and technology.


By developing strong relationships with our client base through consistent interaction, independent advice and pre-eminent access to Asia, we have built a powerful global franchise across interest rates, currency and credit products. Our client services cover both high-volume flow products and carefully tailored structured solutions. We have adapted to the changing financial landscape to build a client centric focus differentiated by innovation, electronic and service excellence and market-leading derivatives capabilities.


The Business Management function provides analytical and administrative support to the EMEA Trading management team. The function serves five main areas: strategy, financial analysis, infrastructure, divisional administration and shared embedding of risk & control in the first line of defence. It involves working on the trading floor and building strong relationships across desks and functions to support senior management in implementing strategic initiatives, global best practices, improved efficiency and reduction in costs.  The role will be challenging and varied. It will offer exposure across primarily in our structured businesses as well as the EMEA Global Market franchise. 


The role will report to the Structured Business Manager.




Key objectives critical to success:



  • Support the EMEA Structured Trading business in further developing revenue, profitability, efficiency and client franchise

  • Review and understand all aspects of business performance including pre-tax, brokerage, cost base, balance sheet, financial resources and risk

  • Managing budget, expenses and approvals for the business

  • Linking with desks and products to plan, manage and forecast business performance

  • Financial analysis of current and projected costs and identification of opportunities to drive strategic change and efficiency

  • Analysis and presentations in support of strategic proposals and initiatives

  • Promote and implement global and regional best practice in terms of systems, trade flow and support

  • Involved in front-to-back implementation for specific business build-out efforts, and support infrastructure enhancement in the most cost effective manner possible and ensuring that we make best use of available resources

  • Project management supporting periodic strategic initiatives (e.g. PRA / FCA reviews, QIS business expansion, GPC/BRC updates)

  • Writing presentations for senior management to deliver to clients, regulators and other third parties

  • Build relationships by communicating, influencing and negotiating effectively with business heads, senior managers, team members, technical experts and Corporate functions

  • Act as an advocate of the FOS framework and support the business in fulfilling their FOS obligations

  • Understand the processes and controls of the business and control functions, using this information to facilitate and assist the Business Head and team to identify, assess, review and update the Risk and Control Self Assessment (RCSA) register.

  • Ensure operational risk events caused by the business are escalated and documented as required. Review and challenge operational risk events that impact the business to confirm resulting actions are appropriate and ensure delivery

  • Provide input into ongoing audit reviews

  • Contribute to action point closure from operational risk events, RCSAs and IA action plans

  • Work closely with Corporate functions, including Risk, Compliance, HR and Finance, to deliver formal corporate requirements (budgets, mid-year forecasts, board-level updates, performance management, hiring requirements and compensation cycle, training, trading mandates, policy awareness)

  • Adapt business to demands of new and changing business environment, particularly legislation and regulation, and work with support functions to ensure communication is tailored to meet business requirements.




Skills, experience, qualifications and knowledge required:



Essential



  • Degree or equivalent education

  • Knowledge of accounting concepts and financial analysis / presentation

  • Advanced knowledge of Excel and PowerPoint

  • Attention to detail, coupled with good written and oral communication skills

  • Strong willingness to learn and be able to work both independently and in collaboration with others, as required

  • Organised approach to work with an ability to present complex subjects in an accessible manner

  • Project management experience and ability to coordinate inputs and opinions from different sources

  • Adaptability to change and ability to build relationships and work with others through influence (rather than authority)

  • Ability to interact confidently with senior management and maintain absolute confidence when required.



Desirable



  • ACA / CFA / MBA qualification an advantage

  • Understanding of structured trading businesses would be beneficial




Nomura competencies



Trusted Partner


  • Understand clients’ needs and issues, and respond with high-quality proposals

  • Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner


Entrepreneurial leadership


  • Produce new ideas that might challenge the status-quo or oneself


Teamwork


Collaboration


  • Seek advice from senior colleagues and utilize it for improved results

  • Collaborate with members from relevant departments


Influence


  • Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others

  • Serve as role model and provide guidance to junior employees



Integrity


  • Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly




Right to Work



The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role




Diversity & Inclusion



Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

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