Description:
Job Title: Treasury Funding Desk - London Team Lead
Corporate Title: Vice President
Department: Finance
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:
Treasury operates across the four divisions of the Firm (Wholesale, Wealth Management, Investment Banking and Banking) with responsibility for all aspects of unsecured funding and to manage liquidity and funding in accordance with board-mandated stress tests and in compliance with regulatory liquidity requirements.
The Treasury department comprises three core functions: Funding & Investments (executed by the Treasury Funding Desk), Liquidity Management, and Treasury Data & Reporting.
The Treasury Funding Desk performs four key functions:
- Secure sufficient funding required in the European entities via internal or external sources to execute business plans and fund regional currency requirements (both business and legal entity), primarily through FX swaps.
- Optimise the investment of the ~$25 bn regional liquidity pool (government and supranational bond repo and outright bond investments, primarily on ASW).
- Mandate and price short and long term debt issuances in private and public offerings including structured notes and ECP.
- Manage interest rate and FX risks related to the corporate division.
Role Description
The individual will report directly to the EMEA Funding Head, leading the London-based Funding desk of four individuals. The desk covers activities for the global organization, managing seven local entities and providing follow-the-sun coverage for Japan, AEJ, and US entities during EMEA hours.
The role requires working in a fast-paced environment and managing time-sensitive critical tasks in a controlled and logical manner. It offers the opportunity to build career breadth through exposure to multiple products covered by a small team, as well as interaction with Finance department heads and business stakeholders across the organization.
The Funding Desk Head will oversee optimization of the FX, LP currency, and HQLA ASW portfolio, and must understand the market risk involved in treasury activities. Working from home flexibility is available.
Key objectives critical to success:
The role’s responsibilities include:
Investment & Portfolio Management
- Investment of Liquidity Pool subject to regulatory and internal requirements. Maximise P&L by optimising across currencies held.
- Portfolio management of HQLA ASW bond book to achieve P&L target
FX / Issuance / Funding Operations
- FX swaps funding and execution across 30+ currencies with spot hedging of Balance Sheet exposures/ Optimise P&L by careful management of tenor profile.
- Identification and execution of funding efficiencies (optimisation and risk mitigation), in close collaboration with capital and collateral teams.
- Pricing of multi-currency issuance curves to support the Structured Issuance and ECP issuance programmes whilst ensuring adherence to policy and limits.
Stakeholder Communication & Policy Management
- Communication and consultation with the business units on issuance, investment and hedging policies, and ensuring appropriate controls in place around funding requirements and behaviour.
- Daily interaction with Cash Management, Secured Financing Desks as well as other divisions to estimate funding requirements on a daily and forward-looking basis
- Active participation in Global Funding Heads forum, assessing global policy, issues and funding plan developments.
New Product Review
- Assessment of new products and strategies for both funding and regulatory impact on Treasury
Regulatory Compliance & Risk Management
- Ensure compliance with regulatory and internal requirements including Risk & Controls Standards for the Treasury Funding Function
- Lead Treasury Funding Desk response to regulatory and other projects.
- Maintenance of liquidity facilities at local central banks.
Business Continuity & Operational Resilience
- Ongoing partnership with Business Continuity team to respond to disruptive events such as evolving cyber-threat scenarios.
Skills, experience, qualifications and knowledge required:
Essential
- Senior experience in front office Treasury / Funding desk, or other front office experience such as FX, repo, or HQLA portfolio management.
- Demonstrable track record of enhancing P&L / realising cost efficiencies within the confines of your mandate.
- A desire to build breadth in your career and gain exposure to senior management locally and globally, leading a small but multi-skilled team.
- Communication and collaboration is key to success in this role, so a track record of building networks quickly and effectively is a must.
- Outstanding Excel skills with VBA or Python experience a benefit. Ability to model complex concepts and to use enhanced custom built functions.
- Inquisitive, analytical and logical mindset with thorough approach to execution and problem solving.
- Quick-thinking and calm under pressure.
Desirable
- Good understanding of Front Office Supervision frameworks and risk management best practices.
- A sound knowledge of liquidity management concepts, and regulatory legislation is advantageous.
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
