Nomura Holdings, inc.
Structured Credit Middle Office (Associate)

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Job Title: Structured Credit Middle Office
Corporate Title: Associate
Department: Operations
Location: London
Company overview
Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.
Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com
Department Overview:
The Structured Credit Middle Office (SCMO) team is part of Global Middle Office within the Operations department. The team work directly with the Structured Credit & Funding, Securitised Products and Portfolio Restructuring trading desks.
SCMO are central to all trading activity relating to the desks it supports and therefore interacts regularly with a wide range of internal departments including Trading, Structuring, Sales, Operations, Product Control, Model Validation Group, Quants and Risk Management.
Role Description:
This role sits within SCMO, which provides trade management and first-line support for Exotic Credit trading and structuring desks.
The Structured Credit business trades a full suite of structured products including CLNs, structured financing repos/loans and other credit derivatives, as well as associated hedging (Bonds, CDS, credit indices, futures, swaps etc). The successful candidate will be required to understand Exotic products booking process, valuation models and downstream interaction with confirmation and settlement systems.
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- Manage relationships with senior traders and other stakeholders such as the offshore teams, business managers, regulatory reporting, risk management etc.
- Develop controls and governance frameworks to accommodate the bespoke nature of the structured business.
- Perform review of Front Office trade booking against the term sheet and/or blotter.
- Manage trade lifecycle incorporating call events & triggers, structured note issuance and complex cashflow management.
- Work closely with support functions (documentation, settlements, valuations, collateral management, reconciliations) taking responsibility for providing full operational support to Front Office.
- Proactively look for ways to improve processes/systems and close control gaps.
- Co-ordinate across departments and regions to deliver process and system enhancements.
- Produce T0 P&L Flash, including risk based P&L attribution and commentary.
- Create and review daily trading activity reports.
Skills, experience, qualifications and knowledge required:
- Strong communication skills and ability to multitask
- Strong numerical and problem solving skills
- Control mind-set and good understanding of operational risks
- Ability to manage own time and responsibilities
- Proactive in investigating and resolving issues
- Proactive in looking for ways to improve processes and controls
- Good exotic derivative product knowledge, preferably Credit (including bookings & documentation)
- Knowledge of controls required throughout trade lifecycle
- Proficiency in using Excel
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).


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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
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