EMEA Collateral Valuations Controller- Vice President

Job title: EMEA Collateral Valuations Controller
Corporate Title: Vice President
Department: Valuations Product Control
Location: 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:
Product Control Valuations at Nomura is primarily responsible for understanding, reviewing, and testing the marks and valuation adjustments used to value trading positions. The main functional responsibilities include: frequent testing of front office marks to external levels; ensuring that the appropriate accounting principles and reserves are applied to reach fair value; calculation of Prudential Valuation capital adjustment; development and application of rules for fair value hierarchy classification; partnering with the Front Office and other support groups in facilitating and approving new products and initiatives, in particular determining reserving and revenue recognition approaches. This involves a close working relationship with the Front Office as well as all primary support partners including Risk Management, Quants, Model Validation Group, Operations, Finance, and Legal.

Role description:
• Nomura is in the process of enhancing the IPV review of non-cash collateral, including for illiquid collateral.
• This role will focus on working with the EMEA Valuations Control management team to set up appropriate processes for liquid and illiquid collateral positions, identifying and documenting appropriate data sources and process flows.
• Determining appropriate proxy pricing models for illiquid positions.
• Supporting the Valuations Control team in BAU activities, such as determining methodology for and computation of relevant valuation adjustments and management reporting of IPV, including detailed analysis of desk marking trends.
• The role will involve extensive Front Office, Product Control, Model Risk, Market Risk, and senior management interaction.
• Training and supervising the Mumbai offshore centre and migrating the more vanilla aspects of the new collateral IPV process offshore.
• Computation of quarterly Prudential Valuation Adjustments and Significant Unobservable disclosures.

Skills, experience, qualifications, and knowledge required:
• Experience in valuation control role, with ability to demonstrate a good understanding of markets and products.
• Numerical degree with a history of strong academic performance required.
• Additional professional qualification from a top university or institution preferable (ACA/CIMA, CQF, CFA, FRM, PRMIA).
• Excellent written and oral communication skills required given the level of exposure to all levels of seniority and experience across businesses and regions.
• VBA / SQL / Alteryx / Python programming skills would be preferable, but not essential.

Nomura competencies:
Trusted Partner: Understand clients' needs and issues, and provide solutions utilizing Nomura Group company's resources, earn the clients' trust.
Entrepreneurial leadership: Take on new challenges for improvement and cultivate a corporate culture of challenge by driving change in business operations.
Teamwork Collaboration: Ensure views are not biased, accept different opinions and perspectives, and collaborate with other members to create common values.
Influence: Provide appropriate guidance to others and act in a manner that places emphasis on the performance and growth of the organization.
Integrity: Improve further the understanding and awareness of corporate philosophy, professional ethics, compliance risk management, and code of conduct, and make decisions and take actions from a management position.

Diversity Statement:
Nomura is committed to an employment policy of equal opportunities and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender, 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.

Right to Work:
The UK Government has taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA (who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.

Nomura is an Equal Opportunity Employer.