Sanctions Advisory Lead - Vice President

Job Description

Job title: Sanctions Advisory Lead Corporate Title: Vice President Department: Financial Crime Compliance Location: London Company overviewNomura 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 businessdivisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For furtherinformation about Nomura, visit www.nomura.comRole Overview:As Sanctions Advisory lead, you will:

• Be the initial point of contact in relation to sanctions compliance, managing sanctions escalations from operations teams (including level 1 analysts) and queries from all parts of the firm.
• Provide responses and decisions on these escalations and queries, unless input or a decision from senior management is required.
• If senior management input is required, inform their thinking by clearly summarising the relevant concerns and analysis performed to date.

• Provide sanctions advice and expertise covering external sanctions developments, and the firms policies and sanctions risk appetite to stakeholders, including:
  • Front office and other components of the first line of defence;
  • Corporate functions, including Compliance and Legal; and
  • Operations teams, including those dealing with client due diligence and onboarding.
• When requested, review potential and existing clients and transactions for sanctions and related reputational risk, and agree further actions with front office or Operations teams or refer the matter to Financial Crime senior management for decision.

• Be responsible for reviewing and updating the firms Sanctions Policy, both on a periodic basis and in response to regulatory developments.

• Use your subject matter expertise to provide senior management with informed suggestions for the design of the firms Sanctions control framework.

• Manage and oversee the operation of the firms sanctions screening and filtering controls, including:
  • Control design, with senior management approval of any changes;
  • Control configuration, e.g. tuning, fuzzy matching logic etc.;
  • Issue management and reporting any significant control failures to Financial Crime senior management; and
  • Oversight of processes to manage and update sanctions and other watchlists.

• Conduct regular sample-based QA review of the work of level 1 sanctions analysts in Operations, including periodically reviewing and updating the sampling and review methodology to ensure it continues to provide an accurate picture of operations teamsperformance.
• Produce timely and accurate management information for Financial Crime senior management, based on metrics from operations and other relevant information.

• Manage the development and delivery of training on Sanctions to all relevant stakeholders and the wider business.

• Using input from the business and operational data to draft the annual Sanctions Risk Assessment and obtain sign-off from Financial Crime senior management.

• Prepare and submit regular filings for relevant regulatory bodies, e.g. OFSI.
• Participate in and work with relevant industry bodies and groups as a sanctions SME.

The successful candidate will bring the following experience and competencies:

• Experience: The position requires experience of managing sanctions risk in a Financial Services environment, including the sanctions implications of complex wholesale financial products and transactions, and sanctions risk arising fromcomplex client structures. Experience of overseeing key sanctions controls including payment filtering, client screening and watchlist management would be desirable. Proven track record of managing relationships across all three lines of defence.
• Sanctions knowledge: First class technical sanctions advisory skills coupled with understanding of current regulation, services, processes, and systems, including:
  • Strong international Sanctions expertise;
  • Experience of a similar function in financial services: an understanding of what good looks like;
  • Strong analytical skills;
  • Business/Market knowledge and understanding in the wholesale banking sector;
  • Clear understanding of the current global regulatory environment for sanctions, and insight into possible future developments.
• Communication & Stakeholder management: Excellent oral and written communication skills, able to articulate complex problems and solutions clearly to non-experts, and adapt their style for different audiences. A proven track record in buildingeffective relationships with stakeholders at all levels of the firm, across all three lines of defence.
• Mindset and attitude: Pragmatic, outcome focused, able to hold the line in conflict situations. Self sufficient and able to make decisions without constant senior management oversight. Has demonstrated the judgement required to escalateeffectively when necessary. Collaborative and motivated by working in close partnership with colleagues from across the firm. Resilient and adaptable.

Nomura competenciesTrusted Partner

• Understand clients needs and issues, and provide solutions utilizing Nomura Group companys resources, earn the clients trust
• Acquire a wide range of knowledge as an employee of Nomura, instead of focusing only on ones own area of expertise; play a part in improving the companys services level and corporate value

Entrepreneurial leadership

• Take on new challenges for improvement and cultivate a corporate culture of challenge by driving change in business operations

TeamworkCollaboration

• Ensure views are not biased, accept different opinions and perspectives, and collaborate with other members to create common values

Influence