Vice President - Financial Crime Compliance Officer - Compliance
Nomura Overview
Nomura is an Asia-headquartered 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 four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking) and Merchant 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.
Function Overview:
Nomura operates in a complex regulatory environment and the role of Compliance department is to ensure that the Firm operates in accordance with the applicable laws and regulations of the exchanges and regulators. Compliance department also works with all levels of the Firm to assist in the development and maintenance of a strong compliance culture and to support the embedding of appropriate behaviours within the firm’s operating practices.Compliance department provides cover for each of the main businesses – Global Markets, Wealth Management and Investment Banking/Research, in which Financial Crime Compliance (“FCC”) team ensures the effective implementation of the Anti-Money Laundering (“AML”) and Counter Financing of Terrorism (“CFT”) Compliance regime in Nomura for its non-Japan Asia Pacific offices.
Responsibilities:
The role will act as a senior member of the Financial Crime Compliance Advisory team covering financial crime related issues for the Investment Banking and Global Market departments of Nomura’s Wholesale Division in Asia ex-Japan. The Financial Crime Compliance Officer will be based in Nomura’s Singapore office and reports primarily to the Deputy Head of Financial Crime Compliance, AEJ (based in Hong Kong) and secondary to the Head of Financial Crime Compliance Singapore (based in Singapore).
Key responsibilities include:
- Ensure that the AEJ Wholesale business is in compliance with the applicable financial crime legislations, rules or regulations.
- Be the key point of contact in providing advice to the Wholesale departments Front Office, Senior Management and stakeholders on transactions and clients.
- Liaise with regional or global compliance team members on financial crime-related matters including new legislations, rules or regulations.
- Review and draft relevant FCC policies, procedures and guidelines covering AML / CTF & Sanctions in line with legislations, rules and regulations.
- Review and analyse due diligence information on new and existing clients in accordance with the AML Policy. In particular review and approve politically-exposed persons or high risk accounts.
- Deliver appropriate training and communication to Wholesale business and stakeholders on financial crime issues.
- Conduct enhanced due diligence and liaise with external investigative firms on investigation reports where appropriate.
- Review challenging onboarding issues and to make appropriate recommendations to the Head of Financial Crime Compliance, AEJ, and Senior Management, whether to onboard a client or maintain an existing relationship.
- Ensure that suitable recommendations and appropriate controls are put in place in circumstances where there are higher financial crime or reputational risks.
- Conduct quality assurance and sample testing on client accounts and other FCC related controls / processes.
- Review and advise on other financial crime related matters including Anti-bribery and Corruption (e.g. Gift and Entertainment escalations) and Sanctions.
- Review any suspicious activities or transactions and assist the Money Laundering Reporting Officer (“MLRO”) of STR filing with the relevant authorities where necessary.
- Liaise with audit and regulators on any financial crime-related issues.
- Prepare and present management information in relation to Wholesale AML/CFT issues for senior management and key stakeholders.
- Participate in regional or global projects or initiatives as required as a result of change in legal or regulatory requirements and/or expectations and new business strategies.
- Assist Head of Financial Crime Compliance, AEJ, and MLROs in liaising with Internal Audit and regulators on relevant Wholesale related FCC matters.
Requirements:
- University-level Degree in a relevant discipline (Finance, Accounting, Business, Legal)
- Minimum 7 years experience in a Financial Crime Compliance role within the Global Markets and Investment Banking division of an institutional bank with coverage of AML / CFT, Anti-Bribery & Corruption and Sanction matters.
- Demonstrated knowledge of AML/CFT legislations and regulations in Singapore.
- AML related regulatory knowledge of the Asia Pacific region is advantageous.
- Strong interpersonal skills and ability to communicate effectively and confidently with internal stakeholders and external parties across all levels
- Disciplined and self-motivated individual who is able to work independently and under pressure.
- Professional certifications such as CAMS and/or other relevant AML qualifications are advantageous
Diversity Statement
Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.
DISCLAIMER: This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job.The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time.