Nomura 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 www.nomura.com.

Nomura Services, India supports 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 facilitating the group’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.

Divisional Overview:

As the agency-model execution services arm of the Nomura Group, Instinet Incorporated subsidiaries provide brokerage services to clients in over 65 markets around the world. Through its advanced suite of electronic trading strategies, experienced high-touch trading group, top-ranked Commission Management services, award-winning desktop trading platform, and unparalleled access to insightful analytics, content and unique liquidity, Instinet helps institutions lower overall trading costs and ultimately improve investment performance. Over the course of its 50+ year history, Instinet has introduced a range of now industry-standard trading technologies, and has been an innovator at the forefront of the market's evolution. For more information, please visit www.instinet.com.

Business Overview:

Securities Settlements processes all activities related to the settlement of a trade when Instinet, or one of its customers, buys or sells a security. The team interacts heavily with Equity Trading and Sales, Credit, Treasury, Risk and Information Technology. Responsibilities include confirming trades, managing the delivery and receipt of securities and cash, and recording transactions on our books and records. Core settlements manages clearing and settlement of securities for clients.

Position Specifications:

Corporate Title

Associate

Functional Title

Experience

7+ years of experience

Qualification

Finance/Commerce/Accounting

Requisition No.

Role & Responsibilities:

support our clients' changing needs.

Business Unit Overview:

Securities Settlements processes all activities related to the settlement of a trade when NOMURA, or one of its customers, buys or sells a security. The team interacts heavily with Fixed Income, Equity Trading and Sales, Credit, Treasury, Risk and Information Technology. Responsibilities include confirming trades, managing the delivery and receipt of securities and cash, and recording transactions on our books and records. Core settlements manages clearing and settlement of securities both for proprietary trading and for clients, dematerialized and physical securities

Pre-matching:

•As the term suggests, this is the initial stage in timely settlement of a trade. At this stage the primary objective is to agree all the dynamics of the trade to ensure its correct settlement.

•This activity is started at VD-1 stage (one day prior to Value date), which can differ if required by market regulations and other specifications around a trade.

•This is done via email and phone follow-ups to ensure audit and compliance requirements are adhered to

Settlement Day Matching and Settlements:

•This is the day the trade actually settles in the market. A lot of activity is generated around the trade, from covering short positions to deliver to chasing counterparty brokers in case of failing receipts.

•Following up with the local agent banks also form a part of Value date settlements, to ensure our instructions are matched and to resolve any agent level issues.

•Trades that require special attention - Corporate actions, New Issues, Potential Buy-in deliveries, Market regulated claims are given priorities and settled in accordance to the standard operating procedure.

Fails Management

•Root cause analysis and resolution of all failing trades which are not settled on respective value date within the specified cut-off as per the Market.

•Informing Desk / Sales to cover short positions, and taking steps to mitigate any risk around the fails.

•Reporting and Escalation of the failed trade to respective MO / FO 

Exceptions Queue Management

•Trades that feed in with any of the economics missing form a part of Exception Queues. We resolve any exceptions that occur around Settlement exceptions, Swift Exceptions.

•Reconciliations: Form part of Post settlement activity which is actual reconciliation between the cash and stock reports. Any breaks or discrepancies are closely monitored and investigated.

Client Reports

•Reporting on a daily basis / as required by clients for their cash and stock positions.

•Funding reports.

•MTM status reports.

MIS and Control Activities

•A daily MI is published for us to understand our risks in the market and taking mitigating actions to avoid financial losses and loss of goodwill in the markets.

•This MI is published at different levels - ranging from India Management to Global Audience.

•An error log is also maintained to remain on top of any error / issue that we see in the future.

Role & Responsibilities:

• Monitor and resolve settlement discrepancies across multiple global markets, including handling of fails, reconciliation issues, and trade breaks
• Process and validate trade settlements through various clearing systems while ensuring compliance with market-specific settlement cycles and regulations
• Manage allegements (claimed trades) by investigating unmatched trades, coordinating with counterparties, and implementing resolution strategies to prevent settlement failures

Key Domain & Technical Skills

Understanding of Capital & Financial Markets

• Familiarity with financial instruments and their impact on business
• Understanding of risk management
• Knowledge of regulatory frameworks and compliance requirements

Working Under Time-Sensitive Deadlines

• Prioritization of tasks based on urgency and importance
• Quick decision-making capabilities while maintaining accuracy
• Efficient resource allocation to meet deadlines
• Contingency planning for unexpected challenges
• Ability to motivate team members during high-pressure situations

Organizational and Multitasking Abilities

• Project management and timeline coordination
• Task delegation and team workload management
• Implementation of efficient workflows and processes
• Digital tool proficiency for organization (project management software)
• Strategic planning and resource optimization

Communication Skills

• Clear and concise verbal communication
• Professional written communication for reports and emails
• Cultural sensitivity in diverse workplace settings
• Ability to translate complex information into understandable terms
• Regular team updates and progress reporting

Nomura Leadership Behaviours:

Description

Element

Exploring Insights & Vision

Comprehensively analyse the nature
of the problems we face and set our
focus toward the future vision

• Gather Intelligence
• Create a vision
• Identify an issue

Making Strategic Decisions

Analyse options and feasibility to resolve issues, in making
judgments and recommendations

• Identify countermeasures
• Assess feasibility
• Make a judgment

Inspiring Entrepreneurship in People

Promotes the vision and goals to others in such a way that inspires commitment and independent contributions

• Influence
• Inspire
• Commit

Elevating Organizational Capacity

Maximize organizational productivity through leadership development and
engagement

• Have an ownership in own development
• Support other‘s growth
• Encourage organizational growth

Inclusion

Respect diverse perspectives and
promote psychological safety
and the creation of a risk culture

• Foster psychological
  safety
• Encourage the active
  participation of all talent
• Foster a risk culture

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.