Associate/VP, Financial Crime Compliance

Why Mizuho

At Mizuho Securities (Singapore), our greatest asset is our people and we are committed to promoting a vibrant and supportive environment full of opportunities. Just like our global client and customer base, our people come from diverse backgrounds and our success is supported by our creativity, teamwork and collective abilities as individuals to exceed the dynamic needs of our customers.

At Mizuho Securities (Singapore), we provide the stability of an international industry leader with the career trajectory of a growing business. Our strategic growth gives our people at all levels rewarding degrees of responsibility and a richer work experience than a boutique firm or an established giant could offer alone. With a focus on growing and expanding our platform across Asia, we are committed to attracting, hiring, retaining and rewarding the best-in-class talent.

Job Summary

The Hire supports the maintenance and improvement of the financial crime compliance function for Mizuho Securities (Singapore) Pte. Ltd and local affiliates and provides advice/collaborate with the business and relevant support functions in the development of controls, processes and procedures to ensure AML/CFT risks are effectively identified and mitigated. The role will also support the effective monitoring of clients and transactions, for timely identification and reporting of AML/CFT related irregularities and suspicions to management and regulators.

The Hire will also provide support to the financial crime prevention function for Mizuho Securities affiliates in Asia Pacific.

Responsibilities

• Assist the Financial Crime team for Mizuho Securities (Singapore) Pte. Ltd and local affiliates, as well as to the APAC Financial Crime team.
• Assist in the conduct of the Enterprise-Wide Risk Assessment on Money Laundering and Terrorism Financing.
• Assist in the monitoring of the daily and ensure that adequate financial crime prevention measures are adopted in accordance with all regulations, policies and procedures.
• Advises management, businesses, operations and support teams on AML/CFT requirements, so as to facilitate client on-boarding, business initiatives and negotiations.
• Reviews KYC measures conducted by the client services team and conducts periodic reviews on the KYC documentations that are maintained to ensure that all applicable regulatory and internal requirements are adhered with.
• Assists with ad-hoc checks, risk reviews, remediation and screenings of clients, vendors, counterparties as and when needed.
• Provides advice/collaborate with the business and relevant support functions in the development of AML/CFT controls, processes and procedures to ensure risks are effectively identified and mitigated.
• Assist to prepare materials and conduct Financial Crime related trainings for Singapore and APAC staff as may be required, and ensure all relevant staff completes the trainings.
• Assist to conduct monitoring to ensure that all relevant businesses and employees comply with the relevant Financial Crime related policies.
• Timely escalations to the Financial Crime team lead on all material AML/CFT issues or exceptions.
• Assist to provide monthly Financial Crime Compliance updates to the Financial Crime team lead for onward reporting to management.
• Assist in APAC Financial Crime projects and initiatives, as required.

Role Prerequisites

• At least 5 years relevant work experience in Financial Crime with specific experience of covering Global Markets, Investment Banking and/or Wealth Management within a financial institution.
• A University degree or equivalent with proven experience working in financial services.
• Knowledge of existing and developing industry standards with respect to Financial Crime.
• Strong interpersonal and communication skills ensuring collaboration with key stakeholders/ business partners, including the Front Office, Divisional and regional Compliance teams, IT, vendors, and relevant project teams.
• Possess analytical and communication skills needed for dealing with market participants and internal stakeholders.

Company Overview

As a leading Asia-focused investment bank, we provide corporate and institutional clients with unparalleled access and expertise in Japan and Asia. We are the partner of choice to many in the region, offering a wide range of investment banking and global markets solutions for the increasingly-sophisticated and technological needs of our large client base primarily corporations, financial institutions, pensions, asset managers, and public sector entities.

Our parent company Mizuho Financial Group came together in late 2002, merging three of the largest banks in Japan and is today one of the world's largest financial institutions, employing approximately 55,000 employees worldwide in over 800 offices and 37 countries outside of Japan. With our global presence and affiliates across Asia, Americas and EMEA, we're able to meet local market needs with a combination of unique market insights, knowledge, and capabilities, backed by approximately USD1.7 trillion in assets as of June 2023.

For more information about the Mizuho Financial Group, please visit: https://www.mizuhogroup.com

For more information about Mizuho Securities, please visit: https://www.mizuhogroup.com/securities