Job Title: Flow Rates Product Controller
Job Type: Contract (12 months)
Location: London
Opportunity Overview: A fantastic opportunity has arisen to temporarily join my client, Nomura, as a Flow Rates Product Controller.
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: 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
Role Objective: As part of the Flow Rates Product Control team, the controller will oversee all aspects of this business which spans business advisory, performance analysis and balance sheet substantiation. The role reports to the head of Flow Rates Product Control.
Nomura operates a mature offshore P&L production model and the business utilise a single ledger and front office booking system. This means the role is focused on liaison with the business and value add advisory work.
The candidate will need to maintain a close working relationship with the trading desk and develop a deep understanding of any new transactions, to evaluate desk performance and provide insight to senior management on business performance, challenges and opportunities.
The candidate will be required to develop and maintain a sound understanding of relevant accounting standards and regulatory developments affecting RWA and Leverage Exposure in order to provide a value-add service to the trading desk.
Key Responsibilities:
- Liaise with the Traders to reconcile any differences or discrepancies in P&L and also be confident in dealing with Risk, Operations and other departments to resolve issues.
- Take ownership of month end processes including valuation controls, balance sheet substantiation and reporting to senior trading and Finance management
- Understand business performance.
- Monitor KRIs and performance thresholds and escalate issues/exceptions/concerns to management for resolution.
- Results orientated with a clear focus on execution and delivery.
Requirements:
- Product Control experience essential
- Accounting qualification preferable
- Strong understanding of fixed income products incl. bonds, futures, swaps, repos
- Strong interest in financial markets
- Leadership and ability to build collaborative and productive working relationships.
- Strong communication skills; articulate and receptive, able to adjust communications styles to deal with a wide ranging audience
- Planning and organizational skills; executing priority actions on-time, keeping stakeholders updated and managing expectations.
- A demonstrable sense of ownership and a strong control mind-set with initiative to identify and solve problems.
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