OPS-GMO / Collateral Management

Job description

Nomura Overview

Nomura Services, India is a core center of excellence powering the group's global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in shaping, strengthening, and accelerating Nomura's global operations. At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support, and engaging in community events.

Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program, and the YUVA Unstoppable Changemaker Awards 2021.

Divisional Overview

Global Middle Office (GMO) is a control function focussed on the integrity of key transactional, risk and financial data and reporting. GMO will also perform an Advisory role partnering with the business and management to help deliver the firm-wide strategy. To achieve this GMO will leverage the latest Digital Innovation & Automation (DI&A) opportunities to optimize GMO’s efficiency and operating model.

Key Responsibilities include: Data Management: Providing a complete and validated data set of transactional information, efficiencies in the production and proactive management of these data sets Control: Provide assurance on accuracy of firms financial statements through daily PL validation, Risk Model inputs, Proactive management of internal inventory and collateral obligations to ensure key liquidity / collateral requirements are optimized Advisory: Provide business support and oversight on new products/transactions, financial resources, liquidity management and trade bookings.

Propose and implement FTB process improvements; institute performance analytics; and help navigate regulatory, industry and account changes

Primary Responsibilities

• Manage daily collateral operations for OTC derivatives and securities financing transactions
• Monitor and process margin calls for bilateral and triparty arrangements
• Reconcile collateral positions across counterparties and internal systems - Review and negotiate collateral terms in Credit Support Annexes (CSAs) and other legal agreements
• Resolve collateral disputes with counterparties
• Optimize collateral allocation and utilization- Understand of CCP funding and processing of cleared calls

Key Functions

• Calculate exposure and collateral requirements - Process margin calls within agreed timeframes Funding CCP/Exchange withing agreed timelines
• Manage relationships with custodians and counterparties
• Ensure compliance with regulatory requirements (e.g., EMIR, Dodd-Frank)
• Monitor collateral eligibility and concentration limits
• Generate and review daily collateral reports
• Coordinate with various internal teams (Trading, Risk, Legal, Operations)

Required Skills

• Strong understanding of OTC derivatives and collateral management
• Knowledge of financial markets and instruments
• Proficiency in collateral management systems
• Excellent analytical and problem-solving abilities
• Strong communication and negotiation skills Attention to detail and accuracy Experience with regulatory reporting requirements

Qualifications

Bachelor's degree in Finance, Economics, or related field 5+ years’ experience in collateral management or similar role Understanding of ISDA documentation and CSAs Knowledge of relevant regulations and market practices Experience with major collateral management platforms

Additional Requirements

• Ability to work under pressure and meet deadlines
• Strong project management skills Experience with process improvement initiatives
• Knowledge of risk management principles Understanding of front-to-back-office operations This role typically reports to the Head of Collateral Management or Operations and requires collaboration with multiple stakeholders across the organization