Mumbai COM Central Compliance

Division Overview

Powai L&C in NSIPL broadly covers the areas of Legal and Compliance is responsible for building a robust risk and control framework in Nomura. Powai Legal comprises of the Corporate Legal and Transaction Legal functions, which provide advice and support on corporate, employment and transactional matters. The Offshore Legal team supports global teams on corporate and secretarial matters, Global Markets, and Masters documentation related requirements. Powai Compliance comprises of functions such as Central Compliance, Control Room & Disclosure, Trade and Communication Surveillance, Core Compliance & Compliance Testing, and Financial Crime Compliance. The teams provide advisory and operations support to global Compliance teams driven by global / regional policies and regulatory expectations.

 

Business Overview

Powai FCC Testing is part of the Core Compliance & Compliance Testing team. Powai FCC Testing works closely with the regional FCC team in Asia-ex Japan (AEJ) to execute risk-based testing/assurance work linked to FCC-related risks and controls, based on Nomura Global Minimum Standards on Compliance Testing.

 

 

 

Role & Responsibilities

The position reports directly to the Head of Powai Core Compliance & Compliance Testing, based in Powai, with a matrix reporting line to the Head of Governance & Planning, AEJ FCC based in Singapore.

 

Key responsibilities include:

 

Compliance Testing & Assurance

• Support the development and update to the annual Compliance Testing/Assurance Plan (CTAP) using a risk-based approach aligned to the Compliance Risk Assessment (CRA)
• Conduct periodic compliance testing & assurance to evaluate design and operational effectiveness of controls owned and/or operated by Business, FCC and other Corporate Functions, and verify adherence to procedures, policies, and regulatory requirements
• Prepare detailed reports on testing results, findings, and recommendations with appropriate issue ratings based on risk impact and severity
• Maintain comprehensive documentation of compliance testing & assurance activities including the CTAP, work papers, approvals, testing reports, and management information
• Document issues with clear explanation of risks, causal factors, and remediation actions required
• Present findings to relevant stakeholders including senior management
• Track open issues and follow up for closure, including management information showing progress updates and completion of CTAP activities
• Provide support in various ad-hoc projects and initiatives

 

 

Requirements

• Bachelor’s degree in Business, Accountancy, Law, Risk Management or related field
• 7 -12 years of experience in financial services with at least 5 years in FCC-related roles
• CAMS (Certified Anti-Money Laundering Specialist) certification desirable
• Strong understanding of AML, Sanctions and ABC legislations and principles 
• Good understanding of Global Markets, Investment Banking, Wealth Management business models and associated financial crime risks and red flag typologies
• Demonstrated experience in conducting design and operational effectiveness testing of controls
• Strong investigative and analytical skills to assess complex processes and identify control gaps
• Ability to present complex compliance testing findings clearly and concisely to relevant stakeholders including senior management
• Self-motivated with strong ownership, attention to detail, and commitment to quality

 

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

 

 

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.

 

*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).