Equity Middle Office - Cash Prime Brokerage (Associate)

Job title:                      Equity Middle Office – Cash Prime Brokerage Corporate Title:            Associate                   Department:                OperationsLocation:                     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 Equity Middle Office team, part of Global Middle Office, consists of two key product groups:1. Equity Finance, Delta-1 and Cross Asset: Where middle office supports desks offering single stock and basket swaps to clients seeking long or short exposure using Total Return Swaps (TRS) to equity underlying assets. The Prime Brokerage Middle Office team consists of two key product groups; Cash Prime Brokerage and Synthetic Prime Brokerage. Operating on different platforms but with both businesses offering services to the same hedge fund clients. The team provides direct, client-aligned services to Hedge Fund clients, Prime Finance trading teams and offers operational and analytical support to other GM teams including Sales and Client service.2. Equity Solutions: Provide middle office support for desks facilitating client equity position builds. Services include Equity Financing—encompassing equity-linked instruments and margin loans—that offer funding against new or existing equity stakes. These transactions are highly sensitive by nature and require substantial hands-on support and discretion.The team is supported by a team in Mumbai where other middle office support activities are performed.Role descriptionWith a growing business diversifying all the time, a cash and OTC product scope and synergies of the same HF clients and PB business contacts the role will be challenging and varied. It will offer exposure to all areas of the business including Operations divisions, Finance, Risk and Front Office sales and trading. It is a client-facing role and the successful candidate will have direct exposure to clients. Over time the successful applicant will develop an excellent understanding of how the Prime division operates. Good analytical, risk awareness and communication skills, together with an aptitude to learn, are equally if not more important than direct experience or background.Day-to-day responsibilities include:Supporting the Cash Prime Brokerage business expansion by collaborating closely with project teams and the trading deskServicing PB clients daily, acting as their primary point of contact, addressing their needs, and resolving day-to-day queriesDelivering regional and global coverage by managing clients' transactional portfolios and taking proactive measures to mitigate financial and reputational risk for both clients and NomuraReviewing client reports on a daily, weekly, and monthly basis; partnering with Client Service to drive improvements in efficiency, cost management, and controlsOnboarding new clients and ensuring accurate loading of SSIs and all data integrity requirementsResolving breaks promptly and accurately by coordinating with traders, Client Service, IT, MO, and Core Operations teamsMaintaining up-to-date SOPs and representing Middle Office in KRI and Front Office supervision forumsDemonstrating flexibility to learn additional business areas and provide backup support across other Equity business segments, including Synthetic Prime Brokerage, Equity Solutions, Equity Finance & Delta-1, Equity Syndicate, and Convertible BondsOperational Excellence:Provide comprehensive daily servicing of Prime Brokerage clients, acting as a single point of contact for transactional needs and query resolutionMonitor and review client reports on daily, weekly, and monthly cycles to identify opportunities for efficiency improvements, cost optimization, and enhanced controlsExecute timely and accurate break resolution through effective coordination with traders, Client Service, IT, Middle Office, and Core Operations teamsManage client transactional portfolios with calculated risk mitigation strategies to protect both client and Nomura from financial and reputational exposureTeam Leadership & Development:Demonstrate adaptability and willingness to expand knowledge across other Equity business linesCollaborate effectively across regional and global teams to deliver seamless client coverageBusiness Partnership:Serve as a key Middle Office contact supporting the re-launch of the Cash Prime Brokerage businessPartner with Client Service teams to drive forward transformational change initiativesManage stakeholder expectations across internal teams and external clients through proactive communicationControl Environment Enhancement:Implement robust monitoring frameworks to ensure compliance with operational controlsMaintain rigorous oversight of client onboarding processes to ensure regulatory and procedural adherenceApply risk management principles to safeguard against financial and reputational exposureIndustry Expertise and Alignment:Leverage strong Cash Prime Brokerage business knowledge to support strategic business restartApply deep understanding of Prime Brokerage operations to manage complex client portfoliosDemonstrate project management capabilities in delivering business-critical initiativesSkills, experience, qualifications and knowledge requiredCash Prime Brokerage Subject matter expert (SME)Good understanding of operational risk and an ability to pro-actively manage riskAdvanced knowledge of Excel is needed. PowerPoint and Word would be helpfulAttention to detail, excellent administration, organisational and prioritisation skillsHighly motivated team player able to demonstrate an ability to prioritise daily work effectivelyExcellent written and oral communication skills, ability to present complex subjects in an accessible mannerAbility to build relationships and work with others through influence (rather than authority)Nomura competenciesTrusted PartnerUnderstand clients’ needs and issues, and respond with high-quality proposals Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner Entrepreneurial leadership Produce new ideas that might challenge the status-quo or oneselfTeamwork CollaborationSeek advice from senior colleagues and utilize it for improved results Collaborate with members from relevant departments InfluenceContribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on othersServe as a role model and provide guidance to junior employeesIntegrity Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordinglyRight to WorkThe UK Government has 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