FCC Officer

Nomura

Responsibilities:

• Maintain a proactive approach in providing AML and Compliance Support to the IWM Business
• Provision of FCC related advisory to Front Office and relevant stakeholders with expertise to African countries
• Analyse challenging or high-risk account due diligence and to make appropriate recommendations to Senior Management whether to on board a client or maintain an existing relationship and other suitable recommendations as to appropriate financial crime controls to be put in place.
• Review Client Onboarding documents and Source of Wealth Corroboration and ensure that accurate AML risk rating is accorded to Private Banking accounts.
• Conduct enhanced due diligence and liaised with external investigative firms on investigation reports.
• Conduct ongoing client due diligence and 3rd party transactions of DIFC managed clients in consultation with FCC team members in Singapore.
• Assist in the preparation of the Business AML Risk Assessment and Regulatory Returns
• Draft Compliance policies and procedures to ensure relevant local legislations, including the AML module of the DFSA Rulebook are observed
• Conduct compliance monitoring and desk reviews as 2nd Line of Defence to ensure the business is meeting the requirements of the relevant AEJ policies as well as the DFSA Rules and Regulations.
• Monitor changes and developments in DIFC / DFSA laws and regulations and cascade to IWM DIFC.
• Partner with IWM DIFC in growth initiatives, drafting new Compliance Policy and Procedures where required
• Provide training on new or updated Compliance and AML related policies and procedures
• Review escalation of alerts by IWM Compliance Surveillance teams in relation to internal and external communications of IWM DIFC staff
• Support IWM Front Office Supervision in their scope of monitoring and reviews
• Coordinate submission of periodic or ad hoc regulatory reports to the Head Office
• Perform investigation on any suspicious activities or transactions arising from ongoing monitoring of client accounts.
• Perform FCC risk assessment of new business/ products impacting DIFC branch
• Liaise with audit and regulators on any AML / Compliance related issues.
• Participate in ad-hoc project/ system enhancements

Requirements:

• University-level Degree preferably in a relevant discipline (Finance, Accounting, Business, Legal)
• At least 10 to 15 years' experience in financial crime compliance; on boarding experience in high-net-worth clients specifically due diligence expertise in Africa countries.
• Good understanding of relevant AML/CFT/laws and regulations.
• Ability to communicate clearly and confidentially; able to influence internal and external stakeholders
• Ability to directly address conflicts and escalate issues where appropriate
• Communicates well and across all levels, including good stakeholders' management
• Good team player, proactive and able to adapt quickly.