Vice President Compliance Model Validator Compliance

Job description

Company Overview

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions.

By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management.

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

Department Overview

Chief Administrative Office (CAO)/ Chief Operating Office (COO) team is an independent function responsible for driving LCC strategic agenda, control and governance, digital Innovation and automation and topical projects for the global LCC organization.

The newly established Compliance Model Validation role through the LCC CAO/COO team will be globally responsible for independently validating the integrity and comprehensiveness of Compliance Models across the firm, with particular focus on Anti-Money Laundering (AML) and Surveillance models.

The role will also be developing measures of Model Risk specific to compliance applications, monitoring Model Risk vs.

the firm's Compliance Model Risk Appetite and escalates model approval breaches.

The role will report into Model Risk Management (MRM) team, which is globally responsible for independently validating the integrity and comprehensiveness of all models in the firm.

Role Overview

Primary responsibility is to conduct validation of Compliance Models, including implementation tests and model risk analysis of all internal or vendor compliance models used within Nomura Group.

This includes independent model validations of AML transaction monitoring systems, customer risk rating models, trade surveillance models, communications surveillance models, and other compliance-related analytical tools.

The role involves assessing these models from the viewpoint of regulatory compliance, effectiveness in detecting suspicious activities, and alignment with regulatory expectations and industry standards.

Role Description

Due to the extension of the scope of the Model Risk Management process, the Firm is seeking to recruit a Compliance Model Validator.

The successful candidate will have a strong quantitative background and will be responsible for the independent validation of Nomura’s Compliance Models across a wide variety of asset classes / business lines.

The person will be responsible for:

• Independent Validation of Compliance Models, including
  • Assessment of conceptual soundness of Compliance Models, including the integrity and suitability of Model parameters, and challenge or testing of assumptions
  • Implementation testing & Benchmarking using Python or other programming languages
  • Conduct Model Risk Analysis using advanced quantitative methods – to identify, analyse and quantify Model Risk
• Monitoring and assessing the full model lifecycle for Compliance Models
• Providing expert analysis and advice relating to compliance model risk validation
• Designing and implementing Model Risk Management processes for Compliance Models
• Escalating material compliance model risk validation findings & issues to senior stakeholders

Skills, experience, qualifications, and knowledge required

• A graduate/postgraduate degree in a quantitative discipline (e.g., Engineering, Statistics, Computer Science, Mathematics) or equivalent experience
• Minimum 8 years experience in compliance monitoring systems and models, particularly in AML and Market Surveillance domains
• Development skills in languages commonly used in compliance analytics (Python, R, SQL)
• Experience using AML/Surveillance platforms such as NICE Actimize or Nasdaq SMARTS
• Demonstrated knowledge of relevant regulations (e.g., MiFID II, MAR, BSA/AML requirements)
• Experience with natural language processing and unstructured data analysis
• Experience with Machine Learning and Artificial Intelligence ideally with Large Language Models and/or pattern recognition techniques
• Experience in model validation or similar quality assurance roles
• Demonstrated understanding of financial crime typologies and applicable regulatory requirements
• Professional certifications such as CAMS or FRM are advantageous
• Experience working with regulatory bodies or handling regulatory examinations
• Ability to prepare clear written reports and deliver concise verbal explanations of technical concepts to non-technical stakeholders
• Ability to work independently with minimal supervision to deliver validation outcomes within defined timelines

Nomura Competencies

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
  
  
• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
  
  
• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
  
  
• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.
  
  
• Respect DEI, foster a culture of psychological safety in the workplace and cultivate a Risk Culture (Challenge, Escalate and Respect).
  
  

Diversity Statement

Nomura is committed to an employment policy of equal opportunities and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender, or sexual orientation.

Disclaimer

This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job.

The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time.

Nomura is an Equal Opportunity Employer

Required Skill Profession

Compliance & Regulatory Affairs