Nomura Holdings, inc.
Trade Support Team Leader
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Job Title: Trade Support Team Leader
Corporate Title: Associate or Vice President
Department: Asset Management
Location: London (Hybrid)
Reporting to: Head of Portfolio Administration
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 Asset Management division, the Trade Support team ensures all trades placed by the front office are correctly processed in the market and internal systems reflect correct trade information.
The team handles all trades executed out of Nomura Asset Management’s London office across the following asset classes: Equities; Fixed Income; Money Markets; Exchange Traded Futures, OTC Derivatives; FX, FX options and NDFs. The team also supports our global offices with trade related queries. In addition to this, the team also carries out collateral management functions.
Role Overview:
A Team Leader for Trade Support, with staff based in the UK and outsourced roles in Powai, India, the successful candidate will have a variety of tasks to complete, ensuring the accurate and timely processing of trades across multiple asset classes while maintaining strong operational controls and providing leadership and oversight to a diverse team supporting trading operations.
The ideal candidate would be a self-motivated team player with a minimum of 5-6 years of experience in a similar role.
The candidate must be able to prioritize individual and team workloads and deliver high quality, accurate work to meet standards required by internal and external parties.
Main Duties and Responsibilities:
- Lead, and develop a team of trade support professionals, fostering collaboration, and continuous improvement across the two locations. Manage team resources effectively to ensure adequate coverage across all trading activities and processes. Conduct regular performance reviews, provide constructive feedback, and identify training and development opportunities.
- Oversight of trade confirmation and instruction processing for both Equity and Fixed Income securities. Involves supporting Powai office carrying out this role, and being first point of escalation in assisting to follow up with multiple external brokers and liaising with the NAMUK Trading desk, to ensure trades are allocated and confirmed.
- Confirmation and instruction of all OTC derivatives, including Credit Default Swaps, Credit Default Swap Options, Interest rate swaps & FX options. Ensuring timely confirmations are received from brokers, trades are cleared in a timely manner, instructing the custodian and liaising with both brokers and custodian regarding payments. Resolving any queries from internal and external teams in relation to bookings.
- Overseeing the confirmation of all FX trades executed by NAMUK Trading desk with the brokers. Being escalation point for Powai in resolving any exceptions. Processing of fixing rates for NDF trades and confirming payments with brokers.
- Ensuring that all Money Market trades (CDs, CPs, MTNs and FRNs) executed by the trading team are confirmed and instructed, resolving any issues that may occur (e.g. if manual confirmations are sent by the broker, queries from the custodian).
- Carrying out daily collateral management processes, ensuring valuations and daily broker statements have been received. Processing of daily calls or pledges utilizing Cloudmargin, investigating any disputes and ensuring all payments are made or received in time. Monitoring pledged positions and cash balances to ensure no overdrafts or failed trades.
- Providing support to the settlement team located in Powai, assisting to raise urgent queries to brokers or custodians and tracking high value transactions, to ensure all trades settle on the correct value date wherever possible.
- Monitoring group email inboxes to ensure all queries are actioned by the team according to priority and ensuring that there are no outstanding items at COB. This will involve dealing with queries from other internal teams within NAM UK, from other global offices in the NAM group and various external parties, such as brokers and custodians.
- Keeping up to date with regulatory and market changes and updates, ensuring processes in place to address these. Assisting to provide solutions and any testing to incorporate any changes required.
- Ensuring existing procedures are kept up-to-date with changing processes.
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Skills & Experience:
- Attention to detail essential.
- Knowledge of SWIFT, DTCC CTM required, Bloomberg AIM, TriResolve, Cloudmargin, Markitwire beneficial.
- Understanding of the trade lifecycles for the following products: Equities, Fixed Income, FXs, NDFs instruments, exchange traded options & futures, and OTC products (e.g. Swaptions, Interest Rate Swaps, Credit Default Swaps, CDX, FX options).
- Must be able to communicate clearly, both written and orally, with internal counterparties (e.g. portfolio managers, trading desk, client services, other Nomura offices), as well as external bodies (brokers and custodians).
- Having had experience of working with, and having had oversight, of offices in another location would be beneficial.
- Ability to assess different levels of risk, in order to know what must be prioritized.
- Excellent time management skills essential to ensure timely delivery of scheduled standard tasks. This includes understanding and completing requirements for peak periods (e.g. receiving confirmations by COB, and increased volumes for monthly portfolio rebalancing/ monthly FX fixing/rollover periods). However, an ability to remain flexible to meet changing business priorities is also needed.
- Ability to get counterparties to deliver with the tenacity to follow up on outstanding actions.
- Ability to quickly understand new systems, both in-house and market-supplied providers.
- Collateral Management experience would be extremely desirable.
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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 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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