Collateral Management (12 Months Contract)

Job description:

JOB DESCRIPTION

Job title: Collateral Management

Job Type: Temporary (PAYE)

Contract Duration: 12 Months

Department: Operations

Location: London

Company 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

Department Overview

The Collateral management group is responsible for providing support to the business for OTC Derivative, Structured Repo & Repo collateral management. This encompasses exposure management, collateral efficiency, dispute management, fails management and all associated reconciliations with an aim to provide a best in class client service. The group is responsible for the following functions:

• OTC Derivatives margining
• Repo margining
• Structured Repo margining

Role description:

As part of the Exposure Management team dealing with the day to day monitoring of Nomura’s exposure and margin cover requirements across OTC Derivatives, Repo or Stock Lending. Individuals will be expected to cover multiple margin functions.

Day to day management of the BAU collateral processes

Oversight of offshore collateral team

Dispute / exposure reporting to senior management, risk and the business and ability to explain issues to all levels.

Accountability around both break and dispute ownership / resolution across functions

Booking collateral and understanding of the cost associated with optimisation of any outflow, based on the eligibility criteria

High level of client service around incoming query management

Participation in ongoing team projects

Key objectives critical to success:

• Control and risk mitigation minded
• High level of numeracy and attention to detail
• Strong time management and ability to work under pressure
• Client-centric and stakeholder focus
• Strong communication skills and effective escalation
• Ability to work with onshore and offshore teams
• Strong Excel knowledge
• An understanding of Nomura’s culture and footprint

Skills, experience, qualifications and knowledge required

• Basic understanding of Finance Operations across multiple asset classes
• Understanding of collateral management under CSA, GMRA and GMSLA a benefit but not essential
• Understanding of current regulatory framework
• Knowledge of OTC Derivative and Repo trade lifecycle would be beneficial

Nomura Leadership Behaviours

• 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 effective communication of ideas and motivate them to actively enhance productivity.
• Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.
• Inclusion: Respect DEI, foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

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.

Nomura is an Equal Opportunity Employer