Global Execution Services Product Control - Vice President

Corporate Title: Vice President

Department: Finance Middle Office

Location: New York

The pay range for this position at commencement of employment is expected to be between $145,000 and $175,000/year*

 

Company overview

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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.

Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors

 

Role description:

This role supports the Global Execution Services business line and requires a fundamental understanding of Execution Services and associated Product Controller responsibilities. The ideal Product Controller will be highly attentive to detail and risk, uphold a strong control environment, and be able to drive interaction with stakeholders from numerous functions and regions.

Global Execution Service business line primarily consist of the Instinet Business. As the agency-model execution services arm of the Nomura Group, Instinet Incorporated subsidiaries provide brokerage services to clients in over 60 markets around the world. This is a unique role, as although Instinet is headquartered in N.Y., it has entities across all regions. As such, the role is a blend of regional and global responsibilities. The Nomura Group is committed to fully integrating its support functions for Nomura and Instinet, and this is a newly created position will help play a leadership role in that for revenue relates responsibilities.

 

 

Essential Duties and Responsibilities:

• Initial one-time responsibilities:
  • Evaluate current processes, and complete tactical and strategic improvement efforts.
  • Migrate current-state Instinet product controller responsibilities into one team.
  • Integrate Instinet’s product controller related responsibilities to comply with Nomura Group policies and procedures.
• Ongoing regular responsibilities:
  • Daily P&L Reporting, Flash to Actual analysis, Front-to-Back reconciliations, P&L Commentary, verification of manual adjustments, and Balance Sheet Attestation.
  • Close interaction with the Instinet trading desk, Operations and other support functions as needed to resolve booking, valuation and financial resource usage related queries.
  • P&L review including: FOBO reconciliations, Flash to Actual explanations and Attribution analysis.
  • Understanding daily summary of funding charges, including day-over-day variance analysis.
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