Head of AML Monitoring, FCC Asia

JOB DESCRIPTION

Job Title: Head of AML Monitoring, FCC Asia
Corporate Title: Executive Director
Department: Compliance
Location: Singapore

Department Overview:
Nomura operates in a complex regulatory environment and the role of Compliance is to ensure that the Firm operates in accordance with the applicable laws and regulations of the exchanges and regulators. The Financial Crime Compliance (FCC) department plays a crucial role in safeguarding the firm against financial crime risks such as money laundering (ML) / terrorist financing (TF) / proliferation financing (PF), sanctions, bribery and corruption through robust monitoring and screening programs. The department works closely with business units across Global Markets, Wealth Management and Investment Banking to implement and maintain effective controls and foster a strong compliance culture.

Role Overview:
The role will serve as a Team Lead for the AML Monitoring Team, with comprehensive oversight of all monitoring and screening activities across the Nomura AEJ region. The position reports directly to the Head of FCC, Asia, based in Hong Kong, with a matrix reporting line to the Head of FCC, IWM based in Singapore.

Role Description:
Strategic Leadership and Governance
Develop and execute the global strategic vision and target operating model for AML monitoring and screening across AEJ
Lead and manage a team of monitoring specialists across AEJ
Maintain oversight of level 1 team productivity and quality through regular KPI/ dashboard
Provide insight and strategic direction on enhancement of monitoring systems and controls, ensuring the controls in place are kept up with the evolving regulatory landscape and emerging AML risks
Represent AEJ in global AML monitoring initiatives and working groups

Monitoring and Screening Program
Oversee the three key control pillars of AML monitoring Name Screening, Transaction Monitoring and Payment Filtering
Drive optimization and ensure effectiveness of monitoring systems through regular calibration and tuning, and lead periodic review of screening rules and thresholds
Deliver automation and efficiency enhancement across monitoring processes
Lead technology transformation initiatives for monitoring systems, including implementation of advanced analytics and machine learning capabilities

Model Risk Management
Oversee model validation and performance monitoring for AML monitoring systems
Lead model governance activities including documentation, testing, and validation
Ensure compliance with model risk management framework
Drive continuous improvement in model effectiveness and efficiency

Stakeholder Management
Provide subject matter expertise to senior management and board committees, including regular reporting on monitoring effectiveness and emerging risks
Partner with key stakeholders including the Business, Country MLROs, FCC advisory, Operations and Technology to drive and deliver monitoring-related initiatives
Take accountability of project budget by managing resources and budget discussion with relevant stakeholders on resource/ system needs and tracking to completion
Collaborate with Compliance officers and other relevant stakeholders to manage audit and regulatory inquiries
Maintain collaborative relationship with IT and external vendors providing the AML monitoring systems

Skills, experience, qualifications, and knowledge required:
Bachelor degree in Finance, Business, Technology or similar field
Minimum of 15 years of experience in financial services with minimum of 10 years in AML/FCC monitoring
Experience in leading cross-border teams and initiatives
Demonstrated experience in managing enterprise-level monitoring systems and programs
Experience in AML regulations and monitoring requirements in Asia, and familiar with global AML regulations and international sanctions
Understanding of Global Markets and Wealth Management businesses
Experience in model risk management and validation
Advanced knowledge of data analytics and machine learning applications in AML
CAMS certification and additional certifications (CFE, CGSS)
Demonstrated ability to manage stakeholders and communicate effectively.
Experience presenting to senior management and regulators
Demonstrate experience in project management and change management capabilities

Nomura Competencies

Explore Insights & Vision
Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
Making Strategic Decisions
Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
Inspire Entrepreneurship in People
Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
Elevate Organizational Capability
Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.
Inclusion
Respect DEI, foster a culture of psychological safety in the workplace and cultivate a Risk Culture (Challenge, Escalate and Respect).