Head of Market Abuse Detection and Compliance Surveillance; Executive Director

Job Title:

Head of Market Abuse Detection and Compliance Surveillance

Corporate

Title:

Executive Director

Department:
Compliance

Location:

London

Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions:
Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.

Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit

Nomura’s Compliance department is at the forefront of maintaining regulatory adherence and ethical standards. Our team works diligently to ensure that our business operations align with industry regulations and internal policies. Join us to contribute to a culture of integrity and help safeguard our clients’ trust.

The Head of Nomura Europe Holdings (NEHS) Market Abuse Detection and Compliance Surveillance sits within NEHS Compliance. The core Market Abuse Detection and Surveillance Team is based in London and Powai, India. The team currently has a hybrid approach to working with the main office situated near Cannon Street. The role is a senior management role with responsibilities for strategy, designing, maintenance and oversight the market abuse detection framework including trade and communications surveillance.

• Oversight of trade and communications surveillance teams including tasks outsourced to other Nomura affiliates.

• Operating as an effective member of the Compliance department and engaging with Compliance colleagues to help facilitate a coordinated approach to surveillance matters.

• Driving the long-term surveillance strategy trade and communications for NEHS, including data management and analytics, to align with evolving regulatory, technological, and business environments for NEHS.

• Activities including but not limited to:

• Market Abuse Risk Assessments.

• Scope of surveillance coverage.

• Data strategy and governance

• Regulatory / STOR submissions

• Overseeing model risk management activities

• KPIs and MI.

• Overseeing the team based in London and Powai.

• Oversight of cross-border surveillance in the context of NEHS activity cross-border

• Strategic input and support to Japan management in surveillance globalisation initiatives

• Developing an AI strategy for market abuse surveillance utilising appropriate governance and developing implementation plans.

• Establish and oversee the escalation processes, relevant procedures and frameworks. And ensure that surveillance activities are executed accordingly.

• Act as the primary liaison for regulators on surveillance matters, ensuring continued readiness for regulatory inspections.

• Proactively collaborate with colleagues across the Front Office, Compliance Advisory, Legal and Risk Management to ensure comprehensive surveillance coverage of all asset classes and build the profile of the team within Nomura.

• Partner with Technology to develop and manage the data and tooling and to ensure the successful implementation of the strategic plan. This will include managing the ongoing Book of Work of enhancements within the global framework.

• Ensure the continuing effectiveness of all surveillance controls, including overseeing effectiveness reviews and testing, including maintaining supporting documentation and evidence.

• Prepare and present relevant information and supporting evidence to Compliance Management of suspicious trading activity identified through existing surveillance tasks or escalations and, where appropriate, the filing of regulatory notifications such as Suspicious Transaction and Order Reports (STOR) and Market Observations (MO).

• Develop and oversee enhancements including leveraging data analytics and AI to enhance surveillance efficiency and alert quality.

• Identify new or enhanced monitoring and surveillance activities that address the changing business structure or regulatory environment and ensure that a robust approach is taken…