Finance & Controllers
Finance & Controllers is a dynamic department of over 100 people. Our principal role within Nomura is to support and control the business’ needs through accounting, treasury, tax and regulatory services. As well as managing the flow of money into and out of the business, the Finance department’s internal control system provides an excellent overview of Nomura Europe's performance; revenues, expenses, regulatory capital and headcount.
Production Control deals with the numerous banking industry instruments now transacted.
Production Control has a variety of functions; its core responsibility is the preparation and analysis of trading profit and loss and balance sheet generated from Nomura's worldwide trading activities. This involves:
- understanding trading strategies and the products traded
- understanding the components of each product to ensure the correct valuation
- close involvement with the trading desks on a daily basis
- interaction with other areas of Nomura including Risk Management, Compliance, Operations and other Finance functions
Risks & Controls
Risks & Controls core responsibilities are to:
- proactively offer business-focused solutions for day-to-day management requirements through re-engineering of processes via tactical and strategic solutions within a controlled framework
- embed a control culture across Nomura, primarily through Sarbanes-Oxley, but also through working with Operational Risk and through the review of open audit issues and co-ordinating the Accounts Verification process
MIS provides an excellent overview of Nomura Europe's performance: revenues, expenses, regulatory capital and headcount. Management information is presented on a systematic basis for Nomura Europe's Executive Committee. The annual budget process provides an insight into the firm's strategic direction.
Corporate Reporting prepares, reconciles and analyses the European entities' profit-and-losses and balance sheets for internal and external reporting. Consolidated Nomura Group reporting is under US GAAP while individual entity statutory and regulatory reporting is in accordance with local GAAP requirements.
Capital Production Control monitors on a daily basis, as required by the Financial Services Authority (FSA), the capital adequacy of regulated Nomura entities. The FSA requires credit institutions, such as Nomura, to have sufficient capital resources set aside to meet the implied regulatory risk to which the trading floor has committed Nomura.
The group is the primary contact point for senior management from the trading and investment businesses, and works closely with Finance Production Control to ensure the accuracy of internal profit and loss reporting. The group is also responsible for providing firm-wide management reporting, as well as business analysis for the Front Office and the European Executive Committee.
A key focus of the group is to ensure that corporate governance standards are maintained through the review and control of the profit and loss reports and balance sheet
Global Treasury's responsibility is to manage Nomura's Balance Sheet in the most effective way while providing continuous liquidity, regardless of market conditions.
The team strives to maximise Nomura's liquidity at the lowest possible cost, while helping and incentivising business lines to generate the maximum risk-adjusted return. By providing a fair, transparent, and impartial service of the highest quality and always seeking to maximise shareholder's value, Global Treasury aims to achieve the status of trusted financial advisor to its internal clients."
