OPS-SSG / Asset Servicing

Job Description for Operations – Shared Services – Cash control

Nomura Overview:

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: Retail, Asset 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.

Nomura Services India, (Powai) supports Nomura’s businesses around the world. Powai’ s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura’s global operations and are an integral part of Nomura’s global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura’s global business.

 

Divisional Overview:

 

The role of Shared Services is to support the activities of the Global Markets and IBD businesses. The division operates across a large number of global legal entities in order to perform a diverse range of client servicing, risk management and regulatory functions, as well as the more traditional clearing and settlement responsibilities. Specifically India Shared Services provides a level of support for all the regions and entities that the above services are provided in locally. It is further subdivided into the following highly specialized teams.

 

Business Unit Overview:

Cash management is a tier 1 function and along with EUR cash control process is responsible for funding, projections &  processing manual swift instructions on request

The major activities include –

 

Role & Responsibilities:

• Detailed understanding of Swift and swift messages.
• Creating manual MT 202, MT 103, MT 299, MT 199 ETC messages on SWIFT
• Understanding SSI and cross border payment routing
• Must be familiar with various types of free format messages
• Awareness of clearing systems and their cut offs
• Funding and projection as party of treasury support
• Intraday liquidity management
• Liaison with desks, internal teams and also agent banks to manage fails & funding
• Understanding overdrafts, charges, costing back to books, clearing TLM breaks