Nomura is an Asia-based 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 three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm practices disciplined entrepreneurship while building on a long tradition of serving clients with creative solutions and considered thought leadership.
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 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.
The role will focus on financial crime related issues for Nomura’s Wealth Management (“WMD”) business. There will be a dual reporting line to the Head of Financial Crime Compliance (“FCC”), AEJ, who is based in Hong Kong and the Head of FCC, Singapore, who is based in Singapore.
Key responsibilities include:
•Oversee the FCC function for the WMD business
•Manage a team of 6 to 8 members and take responsibility of their performance and progression
•Provide advice to WMD staffs, senior management and other stakeholders on FCC matters
•Communicate proactively with the business heads to provide and receive timely feedback on FCC matters
•Be the point of escalation for transaction monitoring alerts and reviews on WM client account activities
•Review suspicious transaction reports (“STR”) and assist Money Laundering Reporting Officer (MLRO) of STR filing with the relevant authorities where necessary
•Conduct compliance testing on the FCC program for WMD
•Prepare and present MIS in relation to WMD related AML/CFT issues for senior management
•Be the point of escalation for the reviews of source of wealth write-up for WM clients
•Approve account opening requests for High Risk/PEP accounts
•Review on other financial crime related issues including anti-bribery and corruption, sanctions and other adverse news
•Review and update AML Policies for AEJ region periodically
•Review AML/CFT risks in relation to new product and platform offerings
•Provide training to WMD staff and senior management on AML/CFT matters
•Oversee the framework and manage key risk indicators of the front office, in relation to FCC matters
•Liaise with audit and regulators on FCC related issues
•Liaise with other corporate functions on FCC related issues
•Liaise regionally with the local Compliance officers in AEJ on FCC matters
•Run effective projects in relation to FCC matters, remediation, or process improvements.
Key Experience & Skills
•University-level Degree preferably in a relevant discipline (Finance, Accounting, Business, Legal)
•8-10 years’ experience in an AML Compliance role in a financial institution, preferably with private and institutional banking exposure
•Excellent command of the English language, with strong written and verbal communication skills, and the ability to communicate effectively across all levels
•Experience in managing a team
•Good understanding of the AML/CFT legislations and regulations
•ACAMS and/or other relevant AML qualifications preferred
•Able to liaise and interact with internal stakeholders and external parties
•Disciplined and self-motivated individual who is able to work independently and under pressure
•Proficient in Mandarin & Cantonese is an added advantage as this role requires reviewing of documentations in Chinese & interaction with internal stakeholders based in Hong Kong
Regional Disclaimers / 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.