COM-Central Compliance

Nomura; Mumbai; On-site; INR 3,500,000 - 6,500,000; Full time

Benefits offered by this job

Wellbeing program

Inclusive wellbeing benefits

Family support and assistance

Job summary

Nomura is recruiting for a senior role in Powai FCC with oversight of governance, risk and control frameworks across AML, Sanctions and ABC. The position reports to the Head of Powai FCC and interacts with global teams in Governance & Strategy to ensure aligned service delivery.

The role requires 9-12 years in financial services with substantial FCC experience and management exposure. CAMS is desirable; CAMS certification is preferred but not mandatory.

Qualifications

• Experience 9-12 years in financial services with at least 6 years in FCC-related roles, including 3+ years in management or supervisory capacity
• Bachelor's degree in Business, Accountancy, Law, Risk Management or related field; CAMS certification highly desirable

Responsibilities

• Develop and maintain governance and control frameworks across AML Advisory, AML Monitoring, Sanctions and ABC, including policies and standards
• Develop and update risk-focused MI reports and conduct risk assessments for management review
• Coordinate audit and regulatory examination preparedness reviews with gap analyses and remediation tracking
• Manage FCC training programs, content development, delivery coordination and effectiveness tracking
• Lead and coordinate global service delivery initiatives across FCC risk pillars and drive process improvements

Skills

Stakeholder management

AML awareness

Governance & controls

Regulatory understanding

Change management

Education

Bachelor's degree in Business, Accountancy, Law, Risk Management or related field

CAMS certification

Tools

Power BI

Excel

Job description

Job Description:

Divisional Overview:

Powai L&C in NSIPL broadly covers the areas of Legal and Compliance is responsible for building a robust risk and control framework in Nomura. Powai Legal comprises of the Corporate Legal and Transaction Legal functions, which provide advice and support on corporate, employment and transactional matters. The Offshore Legal team supports global teams on corporate and secretarial matters, Global Markets, and Masters documentation related requirements. Powai Compliance comprises of functions such as Core Compliance, Trade Surveillance, Electronic Communication Surveillance, Financial Crime Compliance, Control Room & Disclosure Monitoring and Central Compliance. The teams provide advisory and operations support to global Compliance teams driven by global / regional policies and regulatory expectations.

Business Overview:

Powai FCC plays a crucial role in safeguarding Nomura against financial crime risks on a risk-based approach by providing centralized global financial crime compliance (GFCC) services and offshoring support across 4 risk pillars – Anti-Money Laundering (AML) Advisory, AML Monitoring, Sanctions, and Anti-Bribery & Corruption (ABC) and 2 support offices – Governance & Strategy, Technology & Intelligence. Powai FCC works closely with global and regional FCC teams, as well as with relevant IT and Operations stakeholders, to safeguard the firm’s sustainable growth by enabling a balanced risk mitigation approach and enhancing operational excellence through a globalized Financial Crime Compliance operating model with standardized policies and robust control framework powered by advanced technology capabilities.

What We Offer:

• We support employee wellbeing by ensuring a sense of purpose and belonging.
• We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
• Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.

Position Specifications:

Corporate Title: Assistant Vice President (AVP)

Functional Title: Associate

Experience: 9-12 years of experience in financial services with at least 6 years in FCC-related roles, including 3+ years in management or supervisory capacity

Qualification: Bachelors degree in Business, Accountancy, Law, Risk Management or related field; CAMS certification highly desirable

Requisition No.: 14917

Role & Responsibilities:

Reporting Lines & Overview: The position reports directly to the Head of Powai FCC, based in Powai, with a matrix reporting line to the Global Lead of Governance & Strategy Office, based in Singapore.

Key responsibilities include:

Governance Framework Development & Maintenance

• Support the design and implement comprehensive governance and control frameworks across AML Advisory, AML Monitoring, Sanctions and ABC, including policies and standards
• Develop and update risk-focused MI reports, conduct risk assessments and analyses for management review and decision-making
• Coordinate audit and regulatory examination preparedness reviews, including gap assessments, remediation tracking and documentation support
• Manage and enhance FCC training programs, including content development, delivery coordination and effectiveness tracking
• Contribute to policy reviews and framework enhancements with subject matter expertise

Centre of Excellence Establishment & Optimization

• Support and manage the transition from regional structure to global service-level deployment through effective project management and coordination
• Manage and optimize centralized global capabilities for the following GFCC services:

• Maintain various internal lists and risk/control registers with regular quality reviews and accuracy checks
• Oversee and ensure quality of L1 reviews of transaction monitoring alerts, including coaching and quality assurance
• Coordinate and support initial assessment of L1 escalations of name screening and payment filtering alerts by Operations
• Manage due diligence processes and maintain documentation for gifts and entertainment, vendor management, corporate events, sponsorships, and donations
• Lead participation in UATs and conduct thorough reviews of key FCC monitoring systems
• Manage and coordinate various ad-hoc projects and initiatives across FCC risk pillars

• Collaborate with global and regional FCC teams to ensure consistent service delivery and alignment on priorities

• Supervise and mentor team members, providing guidance and quality oversight

Mind Set

Domain - Mandatory

• Strong stakeholder management and communication skills to engage effectively across regions and time zones with ability to influence
• Strong understanding of AML, Sanctions and ABC legislations, regulatory expectations and principles; Good understanding of Global Markets, Investment Banking, Wealth Management business models
• Change management mindset with adaptability to support transformation initiatives and drive team development

Domain - Desired

• CAMS (Certified Anti-Money Laundering Specialist) certification
• Good understanding of data quality controls and data governance principles

Technical - Mandatory

• Strong experience in using enterprise-level alert monitoring systems and case management tools; Demonstrated experience in MI development and design, proficiency in data analysis tools (e.g. Power BI, Excel)

Technical - Desired

• Solid experience supporting audit, regulatory examinations, and risk assessment processes with ability to work independently

Nomura Leadership Behaviours

Exploring Insights & Vision

Comprehensively analyse the nature of the problems we face and set our focus toward the future vision

• Gather Intelligence
• Create a vision
• Identify an issue

Making Strategic Decisions

Analyse options and feasibility to resolve issues, in making judgments and recommendations

• Identify countermeasures
• Assess feasibility
• Make a judgment

Inspiring Entrepreneurship in People

Promotes the vision and goals to others in such a way that inspires commitment and independent contributions

• Influence
• Inspire
• Commit

Elevating Organizational Capacity

Maximize organizational productivity through leadership development and engagement

• Have an ownership in own development
• Support other's growth
• Encourage organizational growth

Inclusion

Respect diverse perspectives and promote psychological safety and the creation of a risk culture

• Foster psychological safety
• Encourage the active participation of all talent
• Foster a risk culture

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.