Global Execution Services Product Control Vice President

Nomura Holdings, inc.•New York, NY

58d•$130,000 - $165,000•Onsite

About The Position

This role supports the Global Execution Services business line and requires a fundamental understanding of Execution Services and associated Product Controller responsibilities. 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. Global Execution Service business line primarily consist of the Instinet Business. This is a unique role, as although Instinet is headquartered in N.Y., it has entities across all regions. As such, the role is a blend of regional and global responsibilities. The Nomura Group is committed to fully integrating its support functions for Nomura and Instinet, and this is a newly created position will help play a leadership role in that for revenue recognition, financial resource usage and management information reporting related responsibilities.

Requirements

6-10 years of Execution Services or Equities focused Product Control experience
BS in Finance, Economics or Accounting
Ability to multitask in a fast paced, results oriented environment
Strong verbal and written communication skills
Strong Excel and Access skills
Team player, proactive, self-starter, who can be dynamic and detailed oriented

Nice To Haves

Fluency in VB a plus

Responsibilities

Evaluate current processes, and complete tactical and strategic improvement efforts.
Integrate Instinet’s product controller related responsibilities to comply with Nomura Group policies and procedures on a global basis in all regions.
Manage inquiries from Instinet Business leadership
Daily P&L Reporting, Flash to Actual analysis, Front-to-Back reconciliations, P&L Commentary, verification of manual adjustments, and Balance Sheet Attestation.
Close interaction with the Instinet trading desk, Operations and other support functions as needed to resolve booking, valuation and financial resource usage related queries.
P&L review including: FOBO reconciliations, Flash to Actual explanations and Attribution analysis.
Understanding daily summary of funding charges, including day-over-day variance analysis.
Understanding and motivation to resolve all manual adjustments.
Ensuring proper controls are in place as measured by KRI metrics.
Closing of the firm’s books and records, including required manual journal entries and Balance Sheet substantiation; reconciliation of monthly FO P&L to General ledger; completion of various financial reporting schedules.
Interact with Product Control / Finance teams in other regions to understand all aspects of Instinet Revenue and be primary interface with Business and Corporate leaders on results.
Primary contact point for internal and external auditor inquiries
Monitor and optimize Instinet financial resource usage