Equity Middle Office - Cash Prime Brokerage (Associate)

Job title:                      Equity Middle Office – Cash Prime Brokerage

Corporate Title:            Associate                   

Department:                Operations

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 www.nomura.com

 

Department overview 

The Equity Middle Office team, part of Global Middle Office, consists of two key product groups:

1. Equity Finance, Delta-1 and Cross Asset: Where middle office supports desks offering single stock and basket swaps to clients seeking long or short exposure using Total Return Swaps (TRS) to equity underlying assets. The Prime Brokerage Middle Office team consists of two key product groups; Cash Prime Brokerage and Synthetic Prime Brokerage. Operating on different platforms but with both businesses offering services to the same hedge fund clients. The team provides direct, client-aligned services to Hedge Fund clients, Prime Finance trading teams and offers operational and analytical support to other GM teams including Sales and Client service.

2. Equity Solutions: Provide middle office support for desks facilitating client equity position builds. Services include Equity Financing—encompassing equity-linked instruments and margin loans—that offer funding against new or existing equity stakes. These transactions are highly sensitive by nature and require substantial hands-on support and discretion.

The team is supported by a team in Mumbai where other middle office support activities are performed.

 

Role description

 

With a growing business diversifying all the time, a cash and OTC product scope and synergies of the same HF clients and PB business contacts the role will be challenging and varied. It will offer exposure to all areas of the business including Operations divisions, Finance, Risk and Front Office sales and trading. It is a client-facing role and the successful candidate will have direct exposure to clients. Over time the successful applicant will develop an excellent understanding of how the Prime division operates. Good analytical, risk awareness and communication skills, together with an aptitude to learn, are equally if not more important than direct experience or background.

 

Day-to-day responsibilities include:

• Supporting the Cash Prime Brokerage business expansion by collaborating closely with project teams and the trading desk
• Servicing PB clients daily, acting as their primary point of contact, addressing their needs, and resolving day-to-day queries
• Delivering regional and global coverage by managing clients' transactional portfolios and taking proactive measures to mitigate financial and reputational risk for both clients and Nomura
• Reviewing client reports on a daily, weekly, and monthly basis; partnering with Client Service to drive improvements in efficiency, cost management, and controls
• Onboarding new clients and ensuring accurate loading of SSIs and all data integrity requirements
• Resolving breaks promptly and accurately by coordinating with traders, Client Service, IT, MO, and Core Operations teams
• Maintaining up-to-date SOPs and representing Middle Office in KRI and Front Office supervision forums
• Demonstrating flexibility to learn additional business areas and provide backup support across other Equity business segments, including Synthetic Prime Brokerage, Equity Solutions, Equity Finance & Delta-1, Equity Syndicate, and Convertible Bonds

Operational Excellence:

• Provide comprehensive daily servicing of Prime Brokerage clients, acting as a single point of contact for transactional needs and query resolution
• Monitor and review client reports on daily, weekly, and monthly cycles to identify opportunities for efficiency improvements, cost optimization, and enhanced controls
• Execute timely and accurate break resolution through effective coordination with traders, Client Service, IT, Middle Office, and Core Operations teams
• Manage client transactional portfolios with calculated risk mitigation strategies to protect both client and Nomura from financial and reputational exposure

Team Leadership & Development:

• Demonstrate adaptability and willingness to expand knowledge across other Equity business lines
• Collaborate effectively across regional and global teams to deliver seamless client coverage

Business Partnership:

• Serve as a key Middle Office contact supporting the re-launch of the Cash Prime Brokerage business
• Partner with Client Service teams to drive forward transformational change initiatives
• Manage stakeholder expectations across internal teams and external clients through proactive communication

Control Environment Enhancement:

• Implement robust monitoring frameworks to ensure compliance with operational controls
• Maintain rigorous oversight of client onboarding processes to ensure regulatory and procedural adherence
• Apply risk management principles to safeguard against financial and reputational exposure

Industry Expertise and Alignment:

• Leverage strong Cash Prime Brokerage business knowledge to support strategic business restart
• Apply deep understanding of Prime Brokerage operations to manage complex client portfolios
• Demonstrate project management capabilities in delivering business-critical initiatives

 

Skills, experience, qualifications and knowledge required

• Cash Prime Brokerage Subject matter expert (SME)
• Good understanding of operational risk and an ability to pro-actively manage risk
• Advanced knowledge of Excel is needed. PowerPoint and Word would be helpful
• Attention to detail, excellent administration, organisational and prioritisation skills
• Highly motivated team player able to demonstrate an ability to prioritise daily work effectively
• Excellent written and oral communication skills, ability to present complex subjects in an accessible manner
• Ability to build relationships and work with others through influence (rather than authority)

 

Nomura competencies

Trusted Partner

• Understand clients’ needs and issues, and respond with high-quality proposals
• Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner

Entrepreneurial leadership

• Produce new ideas that might challenge the status-quo or oneself

Teamwork

Collaboration

• Seek advice from senior colleagues and utilize it for improved results
• Collaborate with members from relevant departments

Influence

• Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
• Serve as a role model and provide guidance to junior employees

Integrity

• Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly
  
  

 

Right to Work
The UK Government has 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