Trade NPE Optimization - Project Manager | London, UK

Nomura International; London; On-site; GBP 60,000 - 100,000

Job description

Trade NPE Optimization - Project Manager

Company: Nomura International
Location: London, United Kingdom
Job Type: Contract (day rate PAYE contract)
Department: Chief Transformation Office
Posted: 12 hours ago
Type: Permanent
Salary: Competitive

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 CTO function oversees group-wide transformation on strategically important, mission critical projects for the firm. We're aligned to our key businesses across the group and operate to global standards and governance across our programs. Our purpose is to support Nomura's business strategy and deliver consistent group-wide transformation based on common operating principles.

Role Description

• The Wholesale Front Office Change team leads and drives strategic initiatives and transformation programs across the CTO function to support Nomura's business strategy and deliver consistent group-wide services.
• The role is aligned to the Trade NPE initiative which is a strategic priority for the Global Markets Business to reduce and control Trade NPE.

Project Objectives

• Develop Trade NPE governance framework for Markets which includes representatives from Markets business leadership & key support functions.
• Unlock meaningful savings opportunities through multiprong strategy - including negotiations, demand management & improved controls.
• Implement initiatives that rationalize business activities, create cost management function & deliver meaningful savings / improve business profitability.
• Challenge organization through use of business KPIs and rigorous review process/cycle.
• Provide project management structure around enhancing system data and projects to design new controls & increase business management reporting.

Scope:

• Work in conjunction with TNPE Team, Finance and Digital Office to roll out a strategy for the implementation of a reconciliation and payment control function for TNPE spend, which will also be utilized for accruals at a trading book level.
• Communicate implementation progress to TNPE lead and senior management, adhering to CTO project management standards.
• Collate Trade NPE vendor agreements and commercials analyze against Nomura's trading activity to develop reconciliation logic to feed into a calculation engine to automate controls.
• Assist TNPE team with technical assistance such as documenting current workflows, troubleshooting Nomura system inefficiencies and working with vendors to understand their data offering.
• Highlight areas of inefficiency through data analysis, and look to drive awareness of these items to senior management.
• Create a robust suite of MI that can be accessed by stakeholders together with KPI/KRI indicators and exception reporting.
• Design workflows for alerting trading desks when they hit a cost milestone in a trading period that would influence their trading decisions.

Experience Required

• Experience of working in a global bank with exposure to order management, execution channels, operational workflows and financial accounting.
• BA mindset with experience in documenting change requirements, and driving the changes through to production environments working with multiple stakeholders.
• Good understanding of Rates, FX and Equity products across global jurisdictions.
• Ability to work independently and integrate into the wider TNPE team dynamic.
• Excellent communication skills to be able to dictate the strategy and lead product development.
• Ability to challenge the current state, and work collaboratively with other Nomura project teams.
• Each day is different, so ability to be able to multi-task essential.
• Knowledge of vendor charging mechanisms and rate cards desirable.

Diversity & Inclusion
Nomura is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all our employees. We 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.