Job Title:  FCC Officer

Job Title: Financial Crime Compliance Officer for Wealth Management

Division: IWM Compliance & FCC

Location: DIFC Branch, Dubai

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, International Wealth Management (“IWM”) 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.

Responsibilities:

Financial Crime Compliance Officer will be based in Nomura Singapore Limited’s branch office in DIFC, report locally to the Head of Compliance, DIFC branch and functionally to Head of IWM Financial Crime Compliance, AEJ.

Key responsibilities include:

• Maintain a proactive approach in providing AML and Compliance Support to the IWM Business
• Provision of FCC related advisory to Front Office and relevant stakeholders with expertise to African countries
• Analyse challenging or high-risk account due diligence and to make appropriate recommendations to Senior Management whether to on board a client or maintain an existing relationship and other suitable recommendations as to appropriate financial crime controls to be put in place.     
• Review Client Onboarding documents and Source of Wealth Corroboration and ensure that accurate AML risk rating is accorded to Private Banking accounts.                                                                                                                                                                                     
• Conduct enhanced due diligence and liaised with external investigative firms on investigation reports.
• Conduct ongoing client due diligence and 3rd party transactions of DIFC managed clients in consultation with FCC team members in Singapore.
• Assist in the preparation of the Business AML Risk Assessment and Regulatory Returns
• Draft Compliance policies and procedures to ensure relevant local legislations, including the AML module of the DFSA Rulebook are observed
• Conduct compliance monitoring and desk reviews as 2nd Line of Defence to ensure the business is meeting the requirements of the relevant AEJ policies as well as the DFSA Rules and Regulations.
• Monitor changes and developments in DIFC / DFSA laws and regulations and cascade to IWM DIFC.
• Partner with IWM DIFC in growth initiatives, drafting new Compliance Policy and Procedures where required
• Provide training on new or updated Compliance and AML related policies and procedures
• Review escalation of alerts by IWM Compliance Surveillance teams in relation to internal and external communications of IWM DIFC staff
• Support IWM Front Office Supervision in their scope of monitoring and reviews
• Coordinate submission of periodic or ad hoc regulatory reports to the Head Office
• Perform investigation on any suspicious activities or transactions arising from ongoing monitoring of client accounts.
• Perform FCC risk assessment of new business/ products impacting DIFC branch
• Liaise with audit and regulators on any AML / Compliance related issues.
• Participate in ad-hoc project/ system enhancements

Requirements:

• University-level Degree preferably in a relevant discipline (Finance, Accounting, Business, Legal)

• At least 10 to 15 years’ experience in financial crime compliance; on boarding experience in high-net-worth clients specifically due diligence expertise in Africa countries.
• Good understanding of relevant AML/CFT/laws and regulations.
• Ability to communicate clearly and confidentially; able to influence internal and external stakeholders
• Ability to directly address conflicts and escalate issues where appropriate
• Communicates well and across all levels, including good stakeholders’ management
• Good team player, proactive and able to adapt quickly.

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.