Valuations Controller

Company overview
Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset 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 www.nomura.com
Responsibilities:
• Ownership of BAU processes including reserve calculation, price testing (IPV), stale mark monitoring, and balance sheet categorization (FAS157). Product scope includes but not limited to standard FX options, TARF, Bermudan Swaption, Cap/Floor, and other bespoke scripted products.
• Lead FinTech initiative within IPV space to achieve full and robust automation on all BAU processes.
• Understand potential model risk and communicate with model validation group to derive appropriate model reserve level and methodology
• Associate IPV result and reserve trends to trader behavior, Macro and micro economics.
• Explore market data sources including OTC market, consensus service (TOTEM, Mercure, or other relevant ones) for the best measure of fair value on the financial instruments.
• Conduct and review intra-month and month end IPV testing
• Communicate results and get sign-off from trading desks in a timely manner.
• Ad hoc processes including pre-trade reserve analysis
• Pro-active management of valuation risk; Lead the coordination of solutions in partnership with the product controllers, front office quant, model validation, market risk, and other institutional groups;
• Challenge existing IPV/reserve methodologies, working practices and improve quality and efficiencies.

Requirements:
• Solid market knowledge and intuitive understanding of financial products is essential. Direct working experience in pricing FX options or interest rate products is desired.
• 7+ years of experience in investment banks/brokerage house/public accounting, with experience as a trader, trading assistant, risk, product control/valuation, or quant.
• University degree from a top university, preferably in engineering, accounting, econometrics.
Advanced degree/qualification would be advantageous.
• Independent research experience with publications in peer-reviewed journal will be highly valued.
• Strong communication skills and attention to details
• Demonstration Fintech capability with experience in structured VBA programming, Python, RPA software such as UIPath. Experience with data-mining with Matlab/R is desired

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.

DISCLAIMER: This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time.