Nomura Holdings, inc.
Structured Products Middle Office: Structured Rates (6 Months Contract)

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Structured Products Middle Office: Structured Rates
Job Type
Temporary (PAYE)
Contract Duration
6 Months
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
Working in the varied, inclusive, and collaborative environment of Global Middle Office, responsible for controlling and supporting a broad range of trading desks and products, you will gain exposure to the numerous functions supporting the structured products businesses, working with experienced and senior stakeholders in managing the associated risks to deliver the best outcomes for the business.
GMO is a dynamic, fast-paced, demanding, and innovative area to work in, providing exposure to senior management and stakeholders all based in London. We are committed to building GMO in London as a best-in-class support and control function fit for the challenges of the future. The successful candidate will be supported to develop and build the key skillsets required of the modern Middle Office Professional in a flexible, diverse, and inclusive environment in which ambitious and driven professionals will be challenged and supported to develop and grow. The Structured Rates Middle Office Group supports the Structured Rates, Vanilla Options, and Quantitative Investment Strategies Trading Desks. The team provides first-class product and process support for these challenging and dynamic business lines that trade a full suite of complex interest rate trades and strategies. Structured Rates Middle Offices play a key role across a broad range of control and support functions partnering closely with Front Office stakeholders.
Role Description
Provide the trade management and first-line support for Exotic Rates trading and structuring desks. Tasks include structured deal review, lifecycle management, query resolution, reconciliations, and the production of the T0 Flash P&L.
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- The team is central to all activity relating to the trading desks that it supports and therefore interacts regularly with a wide network of internal departments including trading, structuring and sales, all other Ops teams, Product Control, MVG, Quants, and Risk Management.
- Partner with the Front Office, Risk, Finance, IT, and Operations teams to ensure our policies and controls are implemented and managed across the structured products businesses.
- Build and maintain a deep understanding of the range of Bespoke and Structured Products Traded and their specific control and support requirements.
- Understand, maintain, and enhance processes utilizing your knowledge of the product and transaction lifecycle. Partner with Front Office and other control functions to build and develop control and governance frameworks for bespoke and developing business lines.
- Build and own key relationships with FO and other stakeholders to support and control business innovation and growth by participating and contributing in stakeholder governance forums.
- Manage demand and prioritize efficiently to deliver on the commitments and responsibilities across the CTB and RTB agenda.
- Build, strengthen, and influence relationships across functions and internal GMO teams both onshore and offshore to create consensus and improve collaboration.
Skills, Experience, Qualifications, and Knowledge Required
- Strong knowledge and experience of Structured Derivatives in a particular asset class, preferably rates, and the ability to understand complex financial products and structures.
- Experience in a middle office environment, or equivalent control function.
- Deep understanding of investment bank products and processes with a track record of process improvement and development, and a high level of attention to detail.
- Ability to balance demand, thinking holistically around process change.
- Strong communicator, able to build relationships and challenge stakeholders appropriately.
- Demonstrate agility and a willingness to adapt to and respond positively to changing trends and agendas, and demonstrate an ability to lead and inspire across your peers and directs.
- Knowledge of digital tools or programming languages is desirable but not necessary (Python, SQL, Alteryx, PowerBI, etc.).


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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 has 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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