Sanctions Advisory Lead; Maternity Cover

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Job Code: 12192

Country: GB

City:
London

Skill Category:
Compliance

Contract Duration: 10 months

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions:
Wealth Management, Investment 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 further information about Nomura, visit

As Sanctions Advisory lead, you will:

• Be the initial point of contact in relation to sanctions compliance, managing sanctions escalations from operations teams (including from Screening L1 analysts) and queries from all parts of the firm.
• Provide timely 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 firm’s policies and sanctions risk appetite to stakeholders.
• 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 senior management for decision.
• Use your subject matter expertise to provide senior management with informed suggestions for the design of the firm’s Sanctions control framework.
• Monitor the operation of the firm’s sanctions screening and filtering controls.
• 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 teams’ performance.
• 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.
• Provide subject matter expertise on sanctions matters to support change projects and business initiatives as required.
• Prepare and submit regular filings for relevant regulatory bodies, e.g. OFSI.

• 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 from complex 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
  :
  Strong 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 of the Global Markets and Investment 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 building effective relationships with stakeholders at…