Prime Broker Middle Office Associate / Vice President

Corporate Title: Associate / Vice President

Department: Global Middle Office

Location: New York

The pay range for this position at commencement of employment is expected to be between $100K and $145K/ year*

Company Overview:

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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.

Aon’s Benefit Indexregistered, Nomura’s benefits rank#1 amongst our competitors

Department Overview:

The Prime Broker Middle Office role acts as a crucial link between the front office (sales and trading) and the back office (settlements and operations) at Nomura. The core function of the prime broker middle office is to manage and control the operational risk associated with prime brokerage activities and ensure smooth and accurate transaction processing for hedge fund clients and other institutional investors. 

Role Description:
Cash Prime Brokerage middle office expert required to help restart the business in NY.

• Ensuring the complete lifecycle of client transactions, including trade capture, affirmation, confirmation, settlement, and reconciliation, runs smoothly.
• Working to resolve trade breaks, discrepancies, and settlement exceptions, often coordinating with other internal teams like settlements, margin, and various broker-dealers involved in the transaction.
• Managing cash movements and ensuring accurate cash reconciliation for clients. 
• Serving as a primary point of contact for clients for operational inquiries and problem resolution, particularly related to asset servicing, corporate actions, and transaction processing.
• Building and maintaining strong relationships with clients to ensure their operational needs are met and to foster positive client experiences.
• Providing clients with information and expertise on various prime brokerage services and potentially advising on complex processing issues.
• Monitoring and controlling risks associated with prime brokerage activities, including trade processing, settlement, and corporate actions.
• Understanding and adhering to internal and external regulatory requirements and control frameworks.
• Escalating potential risk issues to senior management when necessary. 
• Handling and reviewing corporate action queries and elections, including dividends, principal and interest, mandatory events, voluntary events, proxies, and tax implications.
• Coordinating with internal teams and clients to ensure timely and accurate completion of corporate actions, including elections and documentation. 
• Working collaboratively with different departments within the firm, such as sales, trading, settlements, technology, and risk management.

• Bachelor’s Degree (preferably Mathematics, Finance or any related field)
• 5+ years of Prime Brokerage experience at another large bank
• High level of proficiency with Excel
• High level of client service provided to both internal and external stakeholders
• Ability to manage multiple issues and effectively prioritize workload
• Eager to learn and wants to working in a fast paced environment

Applicants for this position in the Finance Division of NHA must be currently authorized to work for any

employer in the United States. The Finance Division is not sponsoring or taking over sponsorship of employment visas for this position at this time.

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.

Nomura is an Equal Opportunity Employer