Treasury Funding Trader- Vice President

London, United Kingdom
29 Apr 2023
28 May 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job title: Treasury Funding Trader

Corporate Title: Vice President

Department: Finance

Location: London

Company overview

Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit

Department overview

Treasury is an established function within the Finance division at Nomura. The department has regional teams in Japan, EMEA, AEJ and the US. In addition, Treasury has a team in Mumbai that provides management information and analytical support for the Global team.

Treasury operates across the three divisions of the Firm (Wholesale, Retail Brokerage and Asset Management) with responsibility for all aspects of unsecured funding and to manage liquidity and funding in accordance with board-mandated stress tests and in compliance with regulatory liquidity requirements.

The department is organised into two functions with strong global orientation:

Treasury Funding Desk - The Treasury Funding Desk performs four key functions:
  • Run the investment of the ~$20 bn regional liquidity pool (government and supranational bond repo investments)
  • Forecast, maintain and fund regional currency requirements (both business and legal-entity), primarily through FX swaps
  • Mandate and price short and long term debt issuances in private and public offerings including structured notes
  • Manage interest rate and FX risks related to the corporate division.

Liquidity Management - covers all aspects of liquidity risk management including; internal and regulatory stress testing, scenario analysis, forecasting, variance explain, risk mitigation, ILAAP, Policy and framework reviews. ALCO and Board MIS, reporting, new business, Contingency Funding Plan, business interaction, input into SWD and RRP from a Treasury perspective

Role description

The individual will be member of the EMEA Treasury Funding team (six individuals) covering activities for the Global organisation across London, Frankfurt and Paris based entities. The role involves working in a fast-paced environment and managing time-sensitive critical tasks in a controlled and logical manner. There is great scope for intellectual challenge in responding to the needs and proposals of the business. There is also a requirement for innovation and process improvement so the role would particularly suit an individual with a keen interest in digital innovation and the application of new fintech tools to drive change.

Working from home flexibility is offered.

Key objectives critical to success:

The role's responsibilities include:
  • Investment of Liquidity Pool subject to regulatory and internal investment guidelines, and liquidity models.
  • FX swaps funding and execution across 30+ currencies with spot hedging of Balance Sheet exposures.
  • Conversion of USD funding curves to multi-currency issuance curves to support the Structured Issuance and ECP issuance programmes whilst ensuring adherence to policy and limits.
  • Take a lead role in the application of digital innovation and automation tools in daily funding desk activities to support a model of continuous process, efficiency and control improvement.
  • Communication and consultation with the business units on issuance, investment and hedging policies, and ensuring appropriate controls in place around funding requirements and behaviour .
  • Daily interaction with Cash Management, Secured Financing Desks in Fixed Income and Equities as well as other divisions to estimate funding requirements on a daily and forward-looking basis to maintain compliance with internal limit guidelines.
  • Identification and realisation of funding efficiencies, execution optimisation and risk mitigation opportunities, including close collaboration with the local capital and collateral teams.
  • Calculating key internal Funds Transfer Pricing (FTP) rates such as Wholesale Cost of Funds (WSCoF), Contingent Liquidity Reserve Rate (CLRR) and Liquidity Pool Yield (LPY), which drive desk-level funding behaviour and P&L.
  • Ensure compliance with regulatory, credit and management-imposed liquidity and risk management requirements.
  • Maintenance of liquidity facilities at local central banks.

Skills, experience, qualifications and knowledge required:

  • 5yrs+ experience in a front office Treasury role, (Treasury/ EMTN/ Money Markets desk).
  • Experience of trading in Repo / T-bill purchase for Liquid Asset Buffer management.
  • Strong control mindset and understanding of Front Office Supervision frameworks and risk management best practices.
  • Outstanding Excel skills.
  • Inquisitive, analytical and logical mindset with thorough approach to execution and problem solving.
  • Interest in challenging the status quo, with track record or genuine interest in transforming process as part of a "continuous improvement" approach to automation.
  • Track record of project leadership and completion.
  • Collaborative with strong networking skills.

  • Experience in trading FX swaps / Overnight Index Swaps / Interest Rate Swaps.
  • VBA or Python experience.

Nomura competencies

Trusted Partner
  • Understand clients' needs and issues, and provide solutions utilizing Nomura Group company's resources, earn the clients' trust
  • Acquire a wide range of knowledge as an employee of Nomura, instead of focusing only on one's own area of expertise; play a part in improving the company's services level and corporate value

Entrepreneurial leadership
  • Take on new challenges for improvement and cultivate a corporate culture of challenge by driving change in business operations


  • Ensure views are not biased, accept different opinions and perspectives, and collaborate with other members to create common values

  • Provide appropriate guidance to others and act in a manner that places emphasis on the performance and growth of the organization

  • Improve further the understanding and awareness of corporate philosophy, professional ethics, compliance risk management, and code of conduct, and make decisions and take actions from a management position

Right to Work
The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.
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