US Prime Product Control Vice President

About the role

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 Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors.

Nomura's Finance department manages the company's financial operations and provides financial guidance to support business decision-making. The team collaborates with senior leadership, business units, and stakeholders to develop effective financial strategies, providing guidance on financial planning, budgeting, forecasting, and analysis to align financial operations with business objectives. Nomura's Finance team specializes in financial reporting, accounting, tax, treasury, and capital management, known for providing exceptional service to clients. With a strong track record and commitment to innovation and global reach, Nomura's Finance department is well-positioned to continue driving growth and success in the financial industry.

This role supports the US Prime business line which consists of Nomura's Cash Prime Brokerage, Synthetic Prime Brokerage and Equity Finance activities. As the financing and securities services arm of the Global Markets Equities division, Prime Finance provides margin financing, securities lending and borrowing, synthetic financing (total return swaps and portfolio swaps), delta one and index products, and related clearing and custody services to hedge funds, asset managers and institutional clients globally. The candidate is expected to have 10+ years of product control experience supporting a Prime Finance business. The ideal Product Controller will be highly attentive to detail and risk, uphold a strong control environment, and be able to drive interaction with stakeholders from numerous functions and regions.

Responsibilities

• Daily and monthly P&L for US Prime Finance, including sign-off on flash-to-actual analysis, reconciliations, manual adjustments and balance sheet attestation.
• Close interaction with the trading desk, Treasury, Middle Office/Ops, IT, Market Risk, Financial Reporting, Regulatory, and IPV teams to resolve booking, valuation, and financial resource usage-related issues - with particular focus on leveraged ETF and D1 products.
• Provide analysis of Funds Transfer Pricing (FTP), and financial resource consumption (balance sheet, leverage exposure, RWA, NSFR), including the drivers behind day-over-day and variance analysis, and the implications for business decision-making.
• Represent Product Control in governance and risk forums; present issues, remediation plans and control status to senior audiences, and act as the primary point of contact for Internal Audit, external audit and regulatory reviews affecting the business line.
• Serve as primary point of contact to the US Prime desk head and senior business management on revenue drivers, margin trends, financing spreads and balance sheet usage.
• Support new business initiatives and new product from a Product Control perspective - assessing P&L, valuation, booking model and financial resource implications ahead of launch.
• Drive the change and technology agenda for the Prime Product Control platform - shaping requirements, prioritizing the book of work, and partnering with Technology teams to deliver automation, standardization and scalable process design.

Requirements

• 10+ years of Product Control experience, with deep specialization in