Flow Rates & Portfolio Optimisation, Analyst, EMEA

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    Financial Services

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  • Published:

    12 months ago

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Role description:

This role is for an analyst with a minimum of 1 year experience in the industry. An ideal candidate would require sound knowledge of Interest Rate Derivatives or prior experience in compression activity. We are looking for a motivated and ambitious individual with a good understanding of operational risk. Given the cyclical nature of compression cycles the candidate would be expected to alternate between Portfolio Optimisation and Flow Rates Middle Office depending on volumes.

Team Duties include:

Portfolio Optimisation

  • Work closely with the Business Resource Management (CVA & FVA) to process Portfolio Optimisation exercises across Credit and Rates on an ad-hoc basis including:
    • CCP Coupon Blending
    • CCP Portfolio Transfers
    • CCP backloading
    • TriOptima / Quantile / CapitaLab vendor led compressions
    • Bilateral/Internal compressions
    • ICE Clear Europe compression cycle
    • Internal novations
    • Book Optimisation
  • Manage multiple deadlines on a daily basis, and be able to react to the BRM desk's changing strategy and priorities intra-week in a controlled manner
  • Lead across teams with Internal stakeholders to implement new types of Portfolio Optimisation, and continuously build out additional controls and efficiency changes
  • Co-ordinate Portfolio Optimisation processes across multiple trading desks across the globe
  • Ensure Nomura are globally compliant with EMIR, Dodd-Frank & JSCC regulation for trades impacted by Portfolio Optimisation processes
  • Self-identify Operational Risk and ensure these are escalated and documented internally, tracking any mitigating actions through the internal frameworks to closureFlow Rates Middle Office
  • Confirming the accuracy of trade bookings
  • Central role in managing the front to back trade flow
  • Managing the full lifecycle of trades
  • Daily flash P&L reporting and P&L attribution
  • Resolving booking issues and cash breaks
  • Monitoring and resolution of internal trade and intersystem reconciliation breaks
  • Involvement in producing all relevant reports, business controls and associated commentary
  • KRI monitoring and analysis
  • Responsible to the desk for all aspects of operations (both on and off shore)
  • Working with management to maintain and develop a range of relationships across relevant trading businesses and corporate functions
  • Working closely with all the support functions (settlements, valuations, collateral management, etc) to provide full operational support to the Front Office
  • Working across departments and regions to co-ordinate and deliver process and system enhancements
  • Active participation in the Front Office Supervisory framework
  • Providing effective challenge to the business


Skills, experience, qualifications and knowledge required

  • Knowledge of interest rate derivative products
  • Strong interpersonal skills, the role will require daily interaction with senior Front Office stakeholders globally
  • Must be a team player
  • Organised, with a strong ability to prioritise multiple deadlines
  • Aware of core control concepts and how they apply to Middle Office on a daily basis
  • Attention to detail and a proven high level of accuracy
  • Experience in working with Rates derivatives
  • Proven experience in pro-actively using initiative to improve processes and systems
  • Informal leadership skills including delegation
  • Ability to work in a fast paced, high pressure environment
  • A good understanding of operational risk management



  • Advanced/Expert level Microsoft Excel skills
  • Experience in performing Portfolio Optimisation processes
  • Experience in performing compression cycles
  • Experience in Risk & control management/oversight
  • Understanding of Basel III leverage ratio and Balance sheet risk measures