AMER Algo Product Manager

Job Title: AMER Algo Product Manager

Corporate Title- Consultant Vice President

Department: Global Markets- Instinet

Location: New York, NY

The pay range for this position at commencement of employment is expected to be $225,000-$250,000/year* hour (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- Global Markets

Nomuras Global Markets department provides liquidity, market insights, and execution services to clients worldwide across various asset classes, including equities, fixed income, currencies, and commodities. The teams focus on innovation and technology provides clients with access to cutting-edge trading platforms and customized solutions. Nomuras Global Markets team specializes in market-making, risk management, and electronic trading, with a strong global presence and reputation for exceptional service to clients. With expertise, global reach, and commitment to innovation, Nomuras Global Markets department is well-positioned to continue driving growth and success in the financial industry.

About Instinet

As the agency-model execution services arm of the Nomura Group, Instinet Incorporated subsidiaries provide brokerage services to clients in over 65 markets around the world. Through its advanced suite of electronic trading strategies, experienced high-touch trading group, top-ranked Commission Management services, award-winning desktop trading platform, and unparalleled access to insightful analytics, content and unique liquidity, Instinet helps institutions lower overall trading costs and ultimately improve investment performance. Over the course of its 50+ year history, Instinet has introduced a range of now industry-standard trading technologies, and has been an innovator at the forefront of the markets evolution. For more information, please visit www.instinet.com.

Role Overview

We are seeking an experienced Vice President to oversee our equities algorithmic trading SOR and assist the regional head of algo product. This role requires a deep understanding of market microstructure and general understanding of agency algorithms.

However it requires a high understanding of an SOR. The role combined with strong project management capabilities, excellent communication skills and proven ability to deliver measurable ROI from development investments. The successful candidate will work closely with senior stakeholders, trading functions, quants, strats and development teams to drive product innovation and enhancement to the Instinet and Nomura algorithmic trading business.

Role Description:

• Work with local stakeholders, strats and trading functions to define deliver regional Smart Router customizations.
• Work with other regions and product persons to define the global strategy for SOR as well as managing the dev team deliveries
• Maintain comprehensive competitive intelligence and market landscape analysis for AMER equity markets, monitoring market microstructure developments and regulatory changes
• Oversee complex multi-team projects from conception through delivery, manage product lifecycle including feature enhancement and deprecation planning, and collaborate with Global Electronic Services product management team to leverage common tools and best practices
• Work directly with existing clients in an Execution Consulting capacity to help them better use our products and help us build more suitable products for the client.

Skills, experience, qualifications, and knowledge required:

• Good understanding of equity market structure, order flow dynamics, and execution algorithms across AMER markets, with proven track record working with agency execution strategies specifically SOR, but others like TWAP, VWAP, and implementation shortfall algorithms advantageous
• Strong analytical skills for evaluating algorithm performance, market impact, and execution quality metrics
• Demonstrated success managing and delivering large-scale, cross-functional projects involving multiple teams and stakeholders
• Proven ability to establish frameworks for measuring and validating return on investment for development initiatives
• Excellent stakeholder management capabilities with senior executives, trading desks, and institutional clients
• Strong written and verbal communication skills to present complex technical concepts to diverse audiences
• Cross-cultural competency and experience working across different cultures and time zones within the AMER region
• Minimum 5 years experience in financial services with focus on electronic trading or algorithmic execution, plus 5+ years in product management within capital markets technology
• Bachelors degree in Finance, Economics, Mathematics, Computer Science, Engineering, or related quantitative field required; advanced degree (MBA, MS, PhD) preferred, particularly in quantitative disciplines
• High-frequency trading experience preferred, e.g. in market making, proprietary, or agency space;
• Familiarity with programming languages commonly used in quantitative finance (Python, R, C++, SQL) and knowledge of regulatory frameworks affecting algorithmic trading in APAC markets

Nomura Leadership Behaviors

• Explore Insights & Vision: Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
• Making Strategic Decisions: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
• Inspire Entrepreneurship in People: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
• Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.
• Inclusion: Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
• base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired in the U.S., employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors".

Nomura is an Equal Opportunity Employer