Job Title: On Desk Transactions Manager, Portfolio Business Group (PBG)

Location: London

Start: 2^nd August 2010

               

Overview:

Nomura is a leading financial services group and the pre-eminent independent investment bank with worldwide reach. Backed by a strong balance sheet, we offer unrivalled asset raising abilities and have a proven record of delivering value for our clients.

We offer a broad range of innovative services tailored to the specific requirements of individual, institutional, corporate and government clients. In many cases our pioneering spirit creates new and differentiated solutions, but always with the reassurance that this is underpinned by a global intelligence network, knowledge and depth of experience in the financial markets.

Based in Tokyo and with regional headquarters in London, Hong Kong and New York, we have offices in over 30 countries and employ more than 25,000 people worldwide. In October 2008 we acquired the Lehman Brothers franchise in Asia as well as its equities and investment banking businesses in Europe and the Middle East. Our combined businesses make us a leader in global investment banking.

 

Portfolio Business Group overview:

 

The Portfolio Business Group (“PBG”) is a team of 20, with offices based in London and New York. PBG  manages approx $5bn of assets, spread across a diverse set of investments with a Fixed Income – Credit focus. Assets managed include corporate and sovereign debt, CMBS, distressed debt/equity, loans, insurance claims. The group’s investment strategies are geographically diverse, including developed and emerging markets. The group utilises the full range of financial products.

 

PBG is run by three senior finance professionals, with an average of 17 years experience in trading, and asset investment/management. The PBG team individuals generally have a long tenure (average of 6 yrs), and all have outstanding track records both academically and professionally. We are committed to the long term success of the PBG business, and individuals in the team. We seek to hire for the long term - aiming to develop and leverage an individual’s skills within the group to provide a long term career path.

 

The ideal candidate will have the following  skills :

 

Proven performer, with a track record of outstanding achievement

Excellent attention to detail

Relevant job experience in front office trading environment or in middle office with front office focus

Formal qualifications in their area of expertise (academic, professional, or otherwise)

Finance, economic, or accounting qualifications, high level grades

Positive, constructive person who enjoys working as part of a team

Good communicator, who works easily with other groups

Technically proficient in IT

Good maths skills

 

The Role will include (but not be limited to) all of the tasks below:

 

·      Working with the traders, product control, settlements and risk management on a daily basis

·      Risk mitigation of potential trade, settlement, operational, legal and other related issues.

·      Responsible for P&L processing, including reporting and reconciliation – both daily and working with the PBG Principals monthly

·      Responsible for ensuring that PBG’s approach to trade booking & systems achieves key objectives and integrates with all supporting areas.

·      Setting up control procedures for non-standard complex trades that have additional risks which fall out of the normal procedures.

·      Involvement in the production, development and maintenance of all of PBG’s reports.

·          Active involvement in the development of PBG systems e.g .trading systems, booking systems, risk monitoring systems.

·       

·      Responsible for the Operations Risk area in relation to all of PBG’s policies and procedures with the aim of minimising risk.

·      Coordination of the operational risk issues and procedures.

·          Regular communication of PBG’s operational risk status to the PBG Principals.

·       

·      Working directly with the PBG Principals – trade analysis utilising historical database information; investment committee reporting; analysis focussing on portfolio detail, performance ratios, and trade examples.

·      Forming a part of the relevant PBG committees (Op Risk, Legal Risks, Transactions Risks etc)

·          Utilising PBG’s technical and database platform

 

·      Raising operational risk events related to booking and P&L issues and reporting these to the PBG Principals in a timely manner.

·      Ensuring relevant trade documentation is captured and reconciled.

·      Event monitoring.

·      Reviewing bookings against agreed New Product Approval caveats.

·      Reconciliation of trade bookings to documentation.

·      Reconciliation of trade modifications to documentation.

·      Review long term forward valued trades.

·      Responsibility for managing and booking non-standard complex trades.

·      Reconciliation of desk P&L against Management reporting systems.

·      Preparation of various notices with regards to complex transactions.

·      Monitoring of distressed credit events and maintenance of responsibilities on DOS.

·      Developing policies and procedures for the efficient operation of the transactions management of PBG

 

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