Vice President

Location

Mumbai | India

Job description

JOB DESCRIPTION

Job title: Vice President (CMA)

Corporate Title: Vice President

Department: Finance

Location: India (Mumbai)

About Nomura

Nomura is a leading financial services group and the pre-eminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries.

Established in Tokyo in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions. It has regional headquarters in Hong Kong, London, and New York. Nomura's unique understanding of Asia enables the company to make a difference for clients through three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Retail and Asset management divisions have its predominant existence Japan and Asia region while Wholesale business footprint is spread the across globe.

Powai Entity & Department overview:

Powai entity (NSIPL) is an integral part of Nomura where mostly support functions are delivered out of this entity.

CMA team in Mumbai is an extension of the Global CMA team providing Analytical and Quantitative Support to the onshore teams. Team caters to Monthly book closure as well as MIS requirements of senior management across Nomura Group (Retail, Wholesale, Corporate divisions) and regions (Japan, AeJ, EMEA and US).

Within CMA, Global Corporate Advisory team caters to MIS requirements and provides Cost analytics to senior management of Nomura Group division across all regions. The team is comprised of dedicated regional groups based in Powai supporting Global stakeholders in Europe, Asia-Ex, Japan and US.

Global Senior management takes a hands-on approach within the department, and is keen to reward hard work, enthusiasm and success . A willingness to constantly question established processes, and strive for improvements is actively encouraged, leading to an ever changing and exciting environment. Nomura presents a unique opportunity to learn and gain experience of a broad range of products and business lines within a supportive setting and surrounded by skilled professionals.

The team is based both onshore and offshore in Mumbai. Along with the reporting, team is also involved in value added projects, which are part of Global Project portfolio with high emphasis on technical and technological aspects including, but not limited to Fintech initiatives.

Role description:

The role is in the Cost Management Analytics department of Nomura's Finance Division which involves taking responsibility of overseeing the strategic direction and execution of cost management initiatives within the organization. This role involves providing meaningful analytics to stakeholders and optimizing costs to improve efficiency and reduce expenses. It involves working with colleagues in Mumbai and across the globe and ensure the team is adequately equipped to deliver on an ongoing basis.

Position Specifications:

Vice President

Vice President

12+ Years

Graduate/ Postgraduate/MBA/CA

Requisition No.

Responsibility of the role involves:

• Ownership of Cost Management & Analytics team supporting Global role in cost allocation within the function / region as well as to business.
• Production of ad hoc financial requests , including periodic trend analyses with appropriate explanation and justification, deep dive costs and revenues analysis
• Collaborate and participate in Global/Regional projects and initiatives
• Constant challenge and review of processes to find efficiencies onshore and offshore
• Utilize advance data analytics tools and techniques to extract insights from financial and operational data providing actionable recommendations.
• Be a leader in digital transformation .
• Maintain and enhance the control environment within the team and ensure highest standards of delivery including proper governance.
• Identify and implement process improvements to streamline cost management and control procedures

Key objectives critical to success:

• Extensive experience in Cost Management & Financial Analysis, preferably in leadership role
• Ability to work to high degree of accuracy with logical and structured approach
• Strong communication as well as stakeholder management skills, consulting, interpersonal, and oral/written communication skills with the ability to handle difficult situations
• Ability to self-review, identify issues and investigate / escalate appropriately
• Knowledge of industry-specific cost management practices
• Capability to embrace change including new technology and adapt to changing business processes
• Self-motivator who keeps abreast with the changes and ready to take up challenges

Key Skills and Competency required:

• Strong quantitative and analytical skills with attention to detail and accuracy
• A power user of Excel spreadsheet and PowerPoint. Acumen and demonstrated knowledge to use visualisation tools (i.e. Power BI, Alteryx) will be advantageous.
• Degree/ Qualified accountant with financial and management accounting background.
• Comfortable working in a matrix organization with ability to act as a change agent. Organized, detail oriented, good follow-up skills. Ability to meet deadlines in a high pressure environment
• Ability to manage and prioritize multiple projects with and proven track record in process improvement.

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