Description:
Job Title: Middle Office Lead – Flow Rates, Credit & FX (EMEA)
Corporate Title: Vice President / Executive Director
Department: Operations
Location: London
Company overview
Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.
Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com
Department Overview:
The EMEA Flow Products Middle Office team sits within the EMEA GMO function, part of Global Operations.
EMEA GMO comprises middle office teams controlling and supporting key Nomura businesses trading in flow and structured products across all asset classes.
Global Operations has teams in Asia, EMEA, India, Japan & US covering Client Services, Collateral Management, Middle Office, Shared Services, Regulatory Reporting and Wealth Management.
Role Description:
The Head of EMEA Flow Products Middle Office will report directly to the Head of EMEA GMO. They will assume direct management responsibility and oversight for Flow Credit, Flow Rates, Portfolio Optimisation, Equity, FX & EM, Treasury, DCM & Cash middle offices, directly managing the day-to-day operations for the London based teams, with oversight for Mumbai based trade support teams. In addition, they will support governance and control for all cross-border activity into EMEA entities managed by regional GMO teams.
The successful candidate will be expected to deliver operational efficiency and process improvement whilst managing complex operational issues, escalating effectively. Ensuring control framework adherence and compliance with functional policies and jurisdictional regulation.
Manage, lead and develop the existing team, as well as individuals within, driving the team perform to a high level and helping members reach their full potential.
Maintain and strengthen relationships across Front Office, Operations, Finance Risk and Legal functions. This position will also play a key part in the wider GMO management team, contributing to strategic agenda-setting and cross-regional initiatives.
Key factors critical to success
- Demonstrated ability to balance operational control with business enablement
- Strong risk management and escalation handling
- Capacity to drive cultural change and operational transformation
- Track record of reducing operational risk and improving efficiency
- Able to attract, retain, and develop top talent
- Strong ethical standards and commitment to a culture of challenge, escalate and respect
Skills, knowledge and qualifications
Leadership & Management Skills
- Strategic vision, ability to align middle office to function and business strategy
- Decision making and sound judgement, able to deliver direction in high-pressure situations
- Team development, track record of building high-performing teams and developing talent
- Stakeholder management, ability to influence and collaborate across multiple functions helping to build and foster strong relationships
- Change management, proven ability leading organisational change and transformation initiatives
Technical Skills
- Product knowledge, deep understanding of fixed income and currency products covering government bonds, FX, exchange traded and OTC derivatives
- Operational expertise, knowledge of financial markets infrastructure, with a comprehensive knowledge of the trade lifecycle from execution through to settlement
- Risk management, strong control mindset, able to recognise operational risk challenges and mitigate through robust control framework design and implementation
- Technology, understanding of new digital tools and their ability to enhance existing controls, improving straight-through-processing
Business Acumen
- Commercial awareness, understanding business economics, risk, and P&L drivers
- Regulatory knowledge, current awareness of the global regulatory landscape and compliance requirements
- Industry trends, knowledge of market developments and technological innovations
- Cost management, experience with budget control and resource allocation
Experience
- Experience in Financial Services, with experience management across multiple teams
- Experience across multiple asset classes and products covering both derivatives and cash
- Proven track record of operational excellence and team leadership
- Preference for:
- Multiple location team management
- Experience with industry, regulatory and/or firm change programs
- Professional certifications (CFA, FRM or equivalent)
Personal Attributes
- Strong analytical and complex problem-solving capabilities
- Excellent written and verbal communication skills across all organisational levels
- Collaborative approach with ability to work effectively across global teams, managing disagreements and finding pragmatic solutions
- Results-oriented mindset with focus on continuous improvement
- Adaptability to work in a fast-paced environment, able to consistently multi-task and prioritise effectively
Nomura Leadership Behaviours
- 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 inclusion and 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
