Collateral Management Associate (2)

Date Posted: Posted17 days ago

Job Description

Job Code: 1208120
Skill Category: Finance
Location: EMEA Client Job Ref:
Job Type: Permanent
Post Start Date: 29 Nov 2021
Post End Date: Job Summary:

Corporate Title: Associate
Department: Finance & Collateral Management
Location: One Angel Lane - London

Company overview

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs approx. 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: Retail, Global Markets, Investment Banking, Merchant Banking, and Asset Management.

Department overview:

The Collateral management group is responsible for providing support to the business for OTC Derivative, Structured Repo & Repo collateral management. This encompasses exposure management, collateral efficiency, dispute management, fails management and all associated reconciliations with an aim to provide a best in class client service.

  • The group is responsible for the following functions:
  • OTC Derivatives margining
  • PB margining
  • Repo / Equity Finance margining
  • Structured Repo margining

Role description:

  • As part of the Exposure Management team dealing with the day to day monitoring of Nomura's exposure and margin cover requirements across OTC Derivatives, Repo or Stock Lending. Individuals will be expected to cover multiple margin functions.
  • Day to day management of the BAU collateral processes
  • Providing oversight of offshore collateral team and escalation
  • Dispute / exposure reporting to senior management, risk and the business and ability to explain issues to all levels.
  • Accountability around both break and dispute ownership / resolution across functions
  • Booking collateral and understanding of the cost associated with optimisation of any outflow, based on the eligibility criteria
  • High level of client service around incoming query management
  • Participation in ongoing team projects and wider initiatives
  • Identify opportunities to improve control and efficiency

Key objectives critical to success:

  • Control and risk mitigation minded
  • High level of numeracy and attention to detail
  • Strong time management and ability to work under pressure
  • Client-centric and stakeholder focus
  • Strong communication skills and effective escalation
  • Ability to provide oversight of onshore and offshore teams and processes
  • Strong Excel knowledge
  • An understanding of Nomura's culture and footprint

Skills, experience, qualifications and knowledge required

  • Minimum of 3 years working within collateral management role essential
  • Understanding of current regulatory framework
  • Experience of managing multiple stakeholders
  • Knowledge of OTC Derivative, Repo and Equity Finance trade lifecycle
  • Knowledge of industry vendor tools in collateral management
  • Desirable able to demonstrate working on regulatory, control or efficiency initiatives within collateral management

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