Equity Derivatives Product Control Vice President
Nomura
- Location
- New York, NY, US, 10019
- Work model
- On-Site
- Level
- Staff
- Salary
- $145k/yr
About this role
Job Title: Equity Derivatives Product Control Corporate Title : Vice President Department: Finance Location: New York, NY The pay range for this position at commencement of employment is expected to be between $145K and $175K/year * (see below footnote for additional compensation and benefits information). Company overview Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking. Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors Department Overview: Nomura's Finance department manages the company's financial operations and provides financial guidance to support business decision-making. The team collaborates with senior leadership, business units, and stakeholders to develop effective financial strategies, providing guidance on financial planning, budgeting, forecasting, and analysis to align financial operations with business objectives. Nomura's Finance team specializes in financial reporting, accounting, tax, treasury, and capital management, known for providing exceptional service to clients. With a strong track record and commitment to innovation and global reach, Nomura's Finance department is well-positioned to continue driving growth and success in the financial industry. Role Description: This role supports the Equity Derivatives trading desk with a primary focus on Structured Products and Exotic Derivatives, including but not limited to auto callables, barrier options, variance/volatility swaps, digital/binary options, and structured financing transactions. The ideal candidate will possess a deep understanding of Equity Options, Futures, Swaps, and complex path-dependent and multi-asset derivatives. The successful Product Controller will be highly attentive to detail and risk, demonstrate strong commercial awareness of exotic Greeks and model risk, and uphold the importance of a robust control environment. Essential Duties and Responsibilities:
Daily P&L Reporting & Analysis: Flash to Actual analysis, Front-to-Back reconciliations, detailed P&L attribution (including vega, correlation, skew, dividend, and higher-order Greek decomposition for exotic books), verification of manual adjustments, and Balance Sheet Attestation. Stakeholder Engagement: Close interaction with the trading desk, Treasury, Middle Office/Ops, IT, Market Risk, Financial Reporting, Regulatory, and IPV teams to resolve booking, valuation, and financial resource usage-related issues — with particular focus on complex lifecycle events (barriers, autocall triggers, put financing transactions) Process Improvement: Input into the development of tactical and strategic process improvement projects, including automation of exotic P&L explain workflows, as well as testing and implementation of end-state solutions Funding & Financing: Understanding daily summary of funding charges, including day-over-day variance analysis and the impact of structured product collateral/margin dynamics. Manual Adjustments: Understanding, challenge, and motivation to resolve all manual adjustments, including model reserves, Day 1 P&L, and valuation adjustments specific to illiquid exotics Team Leadership: Managing junior team members both onshore and offshore; mentoring on exotic product knowledge and control best practices. Deal Review & Structuring Support: Deal review analysis and return, as well as review of deal reviews performed by the offshore team Controls &