Business Auditor - Legal, Compliance and Controls (LCC) Business Auditor - Legal, Compliance and Controls  …

Nomura Asia
in Singapore
Permanent, Full time
Last application, 14 Sep 21
Nomura Asia
in Singapore
Permanent, Full time
Last application, 14 Sep 21
Business Auditor - Legal, Compliance and Controls (LCC)

Nomura Overview
Nomura is a Global financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm practices disciplined entrepreneurship while building on a long tradition of serving clients with creative solutions and considered thought leadership.

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Function Overview:
The department is a key part of the firm's corporate governance and the department's primary objectives are to review the company's control environment and report any weaknesses identified to the Audit Committee and senior management.
The department in the Asia Ex-Japan region (AEJ) comprises 26 professionals, split across business, risk, LCC and IT auditors reporting functionally to the Global Portfolio Directors of each divisions and/or to the Regional Head of Internal Audit for the region based in Singapore.

The role of the incumbent is to support the Regional Portfolio Director (RPD), based in Singapore who reports to the Regional Head of Internal Audit and the Global Portfolio Director based in the UK, in the definition, execution and management of the AEJ's Internal Audit efforts related to Compliance, Financial Crimes, Conduct and Culture and Legal (LCC). The LCC portfolio, oversees key control frameworks related to Market Abuse Surveillance, Conflicts Management, Compliance Advisory, AML/KYC, Sanctions, Anti-Bribery and Corruption (ABC), Conduct & Culture, and Legal, including the use of Master Agreements.

In this role, the candidate is expected to:

  • Lead and execute internal audits for the AEJ Wholesale Division, reporting to the RPD for the LCC portfolio.
  • Take primary responsibility for audit planning, fieldwork, reporting findings and agreeing action plans with auditees.
  • Conduct continuous monitoring, maintaining relationships with key LCC stakeholders and evaluating any changes in the risk profile of the departments which might result in a change in the audit plan, risk assessments or audit universe. This includes deputizing the RPD at stakeholders' forums and committees as required.
  • Follow-up and validating audit findings raised in audit reports and tracked by Internal Audit.
  • Perform risk assessments, at least annually, using the departmental risk assessment methodology.
  • Carry out special projects, ad hoc investigations and advisory work where required.


  • Strong background and experience of auditing Compliance (including but not limited to Market Abuse Surveillance, Conflicts Management), Financial Crimes, and Conduct and Culture, in the Investment Banking business of a major financial institution. Experience in a Compliance function, as a second line of defence, or with a regulator of financial institutions, prior to joining internal audit, will also be considered.
  • Demonstrable knowledge of wholesale banking and broker dealer activities and related regulatory framework/regulations.
  • Ability to forge strong relationships with senior management and auditees, and influence control initiatives
  • Strong analytical skills with the ability to identify key risks and formulate audit plans, with sound judgement on the criticality and impact of issues raised
  • Confident manner and excellent communication skills, both oral and written
  • Strong time and project management skills, consistently delivering to deadlines (budget and time)
  • Experience in managing audit teams
  • At least 12 years of professional experience (external audit, investment banking, compliance regulatory); of which 3 years of internal audit experience in the financial sector, with experience in a managerial capacity and leading teams, is strongly preferred.

Preferred Requirements

  • Degree level and/or an audit related professional qualification (e.g. ACCA, or CIA)
  • ACAMS Financial Crime certified
  • Compliance certifications such as CISI or regional equivalent

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.

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