Flow Rates Middle Office - Head of EMEA (Vice President)

JOB DESCRIPTION

Job title: Flow Rates Middle Office (Head of EMEA)
Corporate Title: Vice President
Department: Global Middle Office
Location: London

Company overview

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment 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

Department overview

The EMEA Flow Rates Middle Office team sits within the wider Global Middle Office function. The team's primary responsibility is as a control function at the trade and portfolio level, ensuring the accuracy and completeness of trading P&L and the smooth running of the daily trading environment. The team is central to all activity relating to trading desks and as such is widely involved in new regulatory, legal entity and innovation activities. Additionally, Transaction Control provides a value add service and mitigates risk further by providing timely and relevant insight to management on trading activity. The Middle Office function is responsible for trade control and support for Front Office activities across Global Markets and the Investment Banking division, and is responsible for processing transactions and fulfilment of control aspects of trade lifecycle.

Role description

The Head of EMEA Flow Rates Middle Office will report directly to the EMEA Head of Flow Products Middle Office and assume comprehensive responsibility for leading both the Flow Rates Middle Office team and the Portfolio Compression team. This leadership role involves directly managing the team leads responsible for day to day operations while maintaining strategic oversight across all activities across the London and Mumbai based teams.

As the primary escalation point for operational issues, the successful candidate will serve as the key business contact for both Flow Rates and BRM desks. They will be responsible for maintaining high standards of support for the EMEA Flow Rates trading desks, with controls operating effectively to ensure errors such as mis booked or un booked trades are identified and rectified intraday. The role will also encompass monitoring and developing the control environment, including Key Risk Indicators, to ensure global consistency across all processes and procedures.

The successful candidate will be expected to lead and develop the team, as well as individuals within, driving high performance and helping team members reach their potential. The position will also play a key part in the wider global Flow Rates Middle Office management team, contributing to strategic agenda setting and cross regional initiatives.

Key objectives critical to success

• Operational Excellence: Deliver consistent, high-quality support to the business, with minimal operational risk incidents and consistent positive feedback from stakeholders
• Team Leadership & Development: Successfully lead, mentor, and develop team leads while building a high performing organization that supports business growth and regulatory requirements
• Business Partnership: Establish and maintain strong relationships with Flow Rates and BRM trading desks, becoming their trusted operational partner and primary point of contact
• Control Environment Enhancement: Operate and enhance robust controls and governance frameworks that ensure regulatory compliance and operational risk mitigation across all team activities
• Industry expertise and alignment: Stay up to date with industry trends, including technological and regulatory enhancements, including building strong relationships with vendors and financial market intermediaries

Skills, experience, qualifications and knowledge required Essential Experience

• Experience in Financial Services, with significant exposure to derivatives operations
• Proven track record of successfully running large, complex teams in a middle office or operations environment
• Extensive hands on experience managing Flow Rates derivatives operations and associated workflows
• Deep knowledge of market infrastructure platforms including Markitwire, LCH SwapClear, SwapAgent, and Quantile
• Demonstrated experience in portfolio compression operations and related risk management processes

Leadership & Management Skills

• Exceptional people management capabilities with a proven record of developing and growing large teams
• Experience mentoring and developing individual team members and future leaders
• Strong stakeholder management skills with ability to influence across multiple business lines
• Proven ability to drive change management initiatives and process improvements

Technical Knowledge

• Comprehensive understanding of Flow Rates derivatives products, lifecycle management, and settlement processes
• Understanding of portfolio compression, the resource impact associated as well as the regulatory framework and control environment
• Knowledge of regulatory requirements impacting derivatives operations (EMIR, CFTC, MiFID II, etc.)

Personal Attributes

• Strong analytical and problem solving capabilities
• Excellent communication skills with ability to present to senior management
• Collaborative approach with ability to work effectively across global teams
• Results oriented mindset with focus on continuous improvement
• Adaptability to work in a fast paced, and able to consistently multi task and prioritise effectively

Nomura competencies 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 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