Tri-Party Operations Vice President
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Department Overview
Role Description
A triparty transaction is a repo or funding transaction with a third party or clearing bank (BONY in our case) in the middle of the transaction. The triparty team supports the Rates/Repo Front Office and participate in the due diligence and execution of available BNY offerings aimed at enhancing the firm's ability to manage liquidity on a daily basis. Candidate would be exposed to the inner workings of floor funding mechanisms, day-to-day operations in the FED space, and be provided with exposure to the Trading desk and Treasury teams we support.
Responsibilities:
- Allocation of collateral and maintenance of Tri-Party Repos which reach upwards of $100B/day notional.
- Manage firm liquidity and funding by maximizing collateral allocations to ensure there are minimal unfinanced collateral costs.
- Strong support for trading and sales desks, allowing the implementation of complex collateral allocations and new client business.
- Work with settlements to ensure deliveries are made on a timely manner and do not hinder firm liquidity.
- Manage relationships with clients and other stakeholders on a daily basis and assist in any setbacks with trade discrepancies.
Skills, experience, qualifications and knowledge required
- 6+ years of experience in Tri-party or Liquidity Operations role at a broker dealer
- 3+ years managing a team within Operations or Middle Office
- Bachelor's degree required
- Motivated self-starter capable of excelling in a fast-paced team environment
- Excellent written and verbal communication skills, ability to multi-task, and work towards tight deadlines
- Proactive and detail orientated.
- Strong technical and analytical skills with proficiency in MS Office particularly Excel
- Series 99 or willingness to sit for required exam.
Nomura Leadership Behaviours
Explore Insights & Vision
Making Strategic Decisions
Inspire Entrepreneurship in People
Elevate Organizational Capability
Inclusion
: Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
- base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired in the U.S., employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors".
Nomura is an Equal Opportunity Employer
Not included in the source posting: what you'll do, benefits.
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