Founded in 1987 and
with headquarters in New York, Financial Sciences Corporation has been operating in Tokyo
for two and a half years. It combines leading-edge computer technology with expertise in
finance to create powerful, enterprise-wide treasury management systems. Vanessa Asell spoke to Nicholas Mitsos, Managing
Director of this developer of liquidity management systems for multinational corporations
and financial institutions.
Left to right:
Hirotake Kobayashi, Nicholas Mitsos, Sandra Dow and Julian Savage Photo byMitchell Coster
What is your company
all about and what are its goals?
Japan has recently been experiencing chronic liquidity problems; that is, banks have
difficulties supplying adequate short-term funds or loans for corporations. One solution
that has developed in the US is for large corporations to borrow directly from investors
instead of borrowing from banks, via a commercial paper market. Japan' commercial paper
market is one-tenth the size of the US market, which currently has approximately $1.5
trillion of outstanding debt. Our goal in Japan is to provide systems to facilitate the
rapid growth of the Japanese market.
Who are your clients?
Our company is working with several large Japanese and US multinationals to design and
implement a liquidity management infrastructure. Our partners in Japan include one of the
top Japanese trading companies and two of the leading Japanese technology corporations.
What openings do you have?
We are seeking programmers of all levels with experience in C++, Java and object-oriented
design for our New Jersey and Tokyo offices. For our Tokyo offices we are also looking for
people who have experience working in Japan's short-term fixed-income markets or in
corporate cash management, to help us design, implement and market our liquidity
solutions.
What kind of people are you looking to hire?
All in all, an attractive candidate for our programming positions is someone who has a
college degree in computer science or electrical engineering, with several years of
experience in advanced object-oriented development. All of our software is written in
Java, running on Sun Solaris and standard Internet browsers. For our product design and
marketing positions, we are looking for people with education in finance or accounting,
with several years' experience in the money markets or cash management, and with the
ability to communicate effectively in Japanese and English.
What are the future prospects within your company?
Japan is undergoing a momentous change in the structure of its capital markets. Our
ambition is to provide a long-lasting infrastructural solution for the money market
portion of the capital market and to extend this solution eventually beyond Japan
throughout Asia. We aim to become an important component of Asia's short-term capital
market.
If you are interested in finding out more about Financial Sciences Japan, contact Sandra
Dow by email at sdow@fisci.com, by fax at
1-212-412-9011 (in New York), or by phone at 03-5283-3715. For more information, you can
access the company's website at www.fisci.com
WORK IN JAPAN: