Job Title: Executive Director - Head of Compliance - Compliance - Instinet - Singapore

Job Code: 1363



Country: SG



City: Singapore



Skill Category: Compliance



Description: Company Overview
Nomura is a global financial services group with an integrated 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, Wholesale (Global Markets and Investment Banking), and Investment Management. 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
As the agency-model execution services arm of the Nomura Group, Instinet Incorporated subsidiaries provide brokerage services to clients in over 65 markets around the world. Through its advanced suite of electronic trading strategies, experienced high-touch trading group, top-ranked Commission Management services, award-winning desktop trading platform, and unparalleled access to insightful analytics, content and unique liquidity, Instinet helps institutions lower overall trading costs and ultimately improve investment performance. For more information, please visit www.instinet.com.
Responsibilities:
The Head of Compliance will be based in Instinet\xe2\x80\x99s Singapore office and reports to the General Counsel \xe2\x80\x93 Asia ex-Japan.
Key responsibilities include:

• Managing the Singapore Compliance function including supervision of 3 compliance staff members.
• Reviewing and analysing due diligence information on new and existing clients to meet all regulatory requirement.
• Liaise with front office and clients on account opening-related and KYC queries.
• Supervise the review of any suspicious activities or transactions arising from rolling review of client accounts.
• Supervise the daily review of SMARTS monitoring alerts to identify and escalate unusual transaction or activities
• Assist in regulatory enquiries and request for client information or investigation of client account activities.
• Complete other transaction monitoring reports as needed (large transaction, married trades, error trades, sample checks).
• Monitor licensed representatives\xe2\x80\x99 compliance with regulatory requirements (fit and proper, CPD, etc).
• Preparation of license applications for new licensed representatives, if any.
• Routine reporting to MAS and SGX as required.
• Routine reporting to affiliates as required.
• Liaise with Hong Kong and Australia compliance teams on AEJ group compliance issues.
• Monitor staff compliance with staff dealing policy.
• Assign and ensure staff training has been completed.
• Liaise with outsourced vendors on bi-annual basis to complete outsourcing due diligence.
• Assist with co-ordination of annual BCP testing.
• Review any new regulatory updates, circulars, notices and escalate where relevant.
• Assist with internal and external audit enquiries.
• Other ad hoc general compliance duties as required.

Requirements:

• Minimum a Bachelor Degree from an accredited University
• Minimum 8 years of work experience in Compliance in a financial service industry
• Minimum 8 years of experience in Singapore AML/CFT laws and regulations.
• Good communication skills.
• Problem solving mindset.
• 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 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.