SEC UST Clearing PM/BA

Job title: Project Manager / Business Analyst: SEC US Treasury Mandatory Clearing

Department: CTO

Location: New York

The pay range for this position at commencement of employment is expected to be between $950 and $1045/day*

Company overview

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment 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 www.nomura.com

Department overview

The International Change team consists of dedicated Program Managers, Project Managers, PM / BAs, and Portfolio Managers with responsibility for global and / or cross-functional projects and programs. The team provides consistent governance, oversight, and execution activities leading stakeholders in the delivery of business, regulatory, IT transformation and other initiatives for the Firm. The group uses consistent, standard tools and project life cycle processes for requirements analysis and documentation, test planning and execution, risk and issue management, project status reporting and communications. Our stakeholders include business sponsors, business unit subject matter experts, legal, compliance and technology partners across Nomura regions and businesses. International Change is a global consolidated change group and includes several hundred change professionals reporting to the International Change Head.

Program description

• There are several U.S. regulatory projects underway requiring senior PM / BA skills and experience
• The primary regulatory project related to this role is the "SEC US Treasury Clearing" industry mandate, which requires that a Treasury CCP establish policies and procedures that require its direct participants (i.e., member firms such as Nomura) to submit for clearance and settlement "all eligible secondary market transactions to which such direct participant is a counterparty." The clearing of Cash Purchase and Sales of U.S. Treasuries has a compliance date of December 31, 2025, and the clearing of U.S. Treasury Repurchase / Reverse Repurchase agreements has a compliance date of June 30, 2026.
• The SEC U.S. Treasury Clearing project requires heavy analysis, planning, governance, execution, and delivery.
  • Activities / deliverables include rule review and interpretation with legal and compliance; documenting work stream plans, current / target state business process, requirements, system flows, test plans, and other governance documents (e.g., status reports, steering committee slides); and Client Outreach / Onboarding / Legal Documentation plans and work stream leadership. Project work streams involve most Wholesale business and technology functions, including Front Office, Operations, Risk, Finance, Legal, and Compliance.
  • Other key activities include joining industry forums (e.g., SIFMA, DTCC / FICC office hours, etc.) and reporting updates internally for consideration and / or plan actions.
• There are multiple legal entities in the U.S. and EMEA in scope requiring cross regional stakeholder management.

Role description

• Senior PM / BA conducting project management, analysis and work stream leadership activities reporting directly to the change head of US regulatory programs and projects
• Responsible for project plan development, documentation, timeline management, resource management and cost management
• Managing requirements including collating detailed business and functional requirements, associated documentation and sign-offs
• Propose and document future state business processes / target operating model
• Solution option analysis & documentation including pros, cons and recommendations related to problem areas
• Early identification of gaps, risks and issues throughout the project life cycle
• Test plan development, including SIT, UAT, and regression test phases
• Test script and test case development with documented approaches for test cycle execution, test data use, and test environment management
• Test execution leadership across work streams
• Instill project governance controls including RACI matrices, traceability matrices, documented sign-offs, change control and toll gate criteria across project life cycle phases
• Steering Committee presentation (status, RAID log, decision matrix, actions, etc.)
• Potential oversight of junior project resources, including junior business analysts

Skills, experience, qualifications and knowledge required

• Previous experience working within Financial Services - Wholesale Banking especially advantageous
• Knowledge of Global Markets and Investment Banking product sets, specifically U.S. Treasuries
• Previous experience managing projects and leading requirements analysis and documentation
• Previous experience in banking business management and / or change management
• Ability to engage, communicate effectively and influence stakeholders in structured meetings with effective agendas and pre-planning to ensure participants remain on track and stay focused on goals
• Ability to manage multiple stakeholder communities with varying levels of experience and seniority
• Ability to develop, document and communicate impactful presentations to senior internal clients
• Ability to work under limited supervision ('self-starter') in unstructured environments
• Intellectual strength / flexibility to rapidly understand complex problems and rationalise into workable solutions which are aligned with stakeholder expectations and can be delivered timely
• High level of drive, commitment to achieving solutions and ability to work under pressure
• Highly literate with Microsoft Office suite and other project tools, particularly Excel, PowerPoint, Visio, Sharepoint, JIRA, and Confluence
• Familiarity with different project management and delivery methodologies (e.g. Agile)
• Familiarity articulating requirements in the form of Use Case / User Stories (or other similar structures)
• Proven test management experience
• Desired: Certifications in project management and / or business analysis
• Bachelor's degree required

Successful candidates will be engaged under a contract for services with a third party.

Successful Candidates will not be employed by nor have any employment relationship with Nomura.