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.
The KYC Controls team has a regional exposure covering the controls against money laundering and terrorist financing for different entities of Nomura in the region. The requirements for compliance are conferred by regulations and guidelines in different countries.
Team - KYC (Wealth) - Primarily to work on wealth clients and the role can expand to Institutional clients in future
•Understanding of overall and specific risks within the process, controls available to mitigate such risks and open risks, in supporting the business. Document open risks, assess magnitude and formulate actions. Ensure risks, controls, procedures and enhancements are documented appropriately (includes such documentation for the offshored process) and sit within the remit of applicable policies. Encourage transparency within the onshore and offshore teams in highlighting and escalating gaps / issues / outliers.
•Able to provide the leadership to the team for running the on-boarding or rolling review process on a timely manner or ahead of schedule.
•Able to provide the guidance to the team about the required regular standard and ensure the delivery of quality review.
•All existing clients KYC is refreshed on periodic basis and necessary escalation is performed
•Ability to perform hands on task related to KYC and documents, update system with relevant details, perform checks, validate & upload documents, manage pipeline for KYC rolling review- KYC refresh
•Ensure client information and documents are validated & updated correctly on the systems for seamless feed to other internal systems and reporting (Internal, regulatory etc.)
•Ensure client classification is applied in accordance with the prevailing rules and regulations in Hong Kong and Singapore.
•Continuously work with FCC Compliance, Legal, Sales support on completing KYC and client information updates
•Identify system enhancement focusing on controls and efficiency and work with the IT teams to implement
•To monitor and manage the rolling review accounts in the pipeline without overdue.
•Face Internal & external Auditors and have good understanding of process to provide process walkthrough and samples
Key Experience & Skills
•Excellent command of the English language, with strong written and verbal communication skills, and the ability to communicate effectively across all levels.
•Ability to fluently speak Cantonese and mandarin is a must as this role will involve interaction with sales based in Hong Kong and Singapore.
•Well versed with the KYC requirements as suggested by MAS and other major Asia regulators
•Ability to understand different risk types associated with Clients (Individuals, Private companies, corporation)
•Strong skills in documenting & storing exceptions and approvals
•Flexible and quick to adopt change in policies, systems and requirements
•Has intermediate knowledge on MS excel (Formulas, Pivot and V look ups) and MS Power points
Governance, Risk and Controls
•Relevant experience in compliance, risk management or operations with an investment bank or financial services firm for Wealth Management business
•Ability to work with minimal supervision, oversight and with cross region teams
•All KYC breaches, near misses or risk events will be managed and escalated where necessary.
•The individual will be required to deliver updates of KYC procedures, understand the policy and implement the operations changes and procedures required to meet the policy requirement
•Able to handle reasoning and justification on KYC matters to AML Compliance and Legal teams
•Accuracy, attention to details to avoid errors
•Fact based and ability to understand the risk involved and highlights the same across levels
•Detailed oriented in order to understand all requirements at one go
•Managing Business stakeholders- Ability to handle business supervision teams and Sales. Need to have good negotiation skills to plan the pipeline and negotiate the timeline
•Act as a single point of contact for Sales in Hong Kong and handle any prioritization discussions, escalations & prepare the action plan to closely work with teams in Singapore
•Has experience in written and verbal communication with AML, Compliance, legal, Internal Audits
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.