Head of AML Monitoring, FCC Asia

Job Title : Head of AML Monitoring, FCC AsiaCorporate Title : Executive DirectorDepartment : ComplianceLocation : 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 applicable laws and regulations of the exchanges and regulators. The Financial Crime Compliance (FCC) department safeguards 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. It works closely with Global Markets, Wealth Management and Investment Banking to implement, maintain effective controls and foster a strong compliance culture. Role Overview The Head of AML Monitoring leads the AML Monitoring Team with full oversight of monitoring and screening activities across the Nomura AEJ region. The position reports directly to the Head of FCC, Asia in Hong Kong, with a matrix reporting line to the Head of FCC, IWM in Singapore. Role Description Strategic Leadership and Governance Develop and execute a 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 team productivity and quality through KPI dashboards. Provide insight and strategic direction on enhancement of monitoring systems and controls, ensuring they evolve with 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 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 discussions with relevant stakeholders on resource/system needs and tracking to completion. Collaborate with Compliance officers and other stakeholders to manage audit and regulatory inquiries. Maintain collaborative relationship with IT and external vendors providing 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 at least 10 years in AML/FCC monitoring. Experience leading cross-border teams and initiatives. Demonstrated experience in managing enterprise-level monitoring systems and programs. Experience with AML regulations and monitoring requirements in Asia, and familiarity 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. Demonstrated experience in project management and change management capabilities. Inclusion Respect DEI, foster a culture of psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect). #J-18808-Ljbffr