Swap Dealer Compliance (Associate)

Job title:                      Swap Dealer Compliance        

Corporate Title:           Associate       

Department:                Compliance

Location:                     London                       

Company overview

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 www.nomura.com

Department Overview

The Nomura Europe Holdings plc (“NEHS”) Compliance Department works with all departments across the firm assisting with the development and maintenance of a strong compliance culture and to support the embedment of appropriate behaviours.

The Nomura International Plc (“NIP”) Swap Dealer Compliance Team resides within the wider NEHS Compliance department reporting directly to the NEHS Chief Compliance Officer (“CCO”). The team assists the CCO fulfil their duties under the U.S. Commodity Futures Trading Commission (“CFTC”) Swap Dealer (“SD”) and Security Exchange Commission (“SEC”) Security Based Swap Dealer (“SBSD”) regimes and advise and assist NIP generally on the maintenance of an effective SD and SBSD compliance and governance program. This team works closely with Compliance colleagues supporting Investment Banking, Global Markets and Corporate functions.

Overview:

This role within the Swap Dealer Compliance team provides comprehensive exposure to regulatory examinations, monitoring and testing, business advisory, and horizon scanning activities. The position focuses on critical administrative support including management information reporting and regulatory filing preparation, offering a strong foundation for developing expertise in Swap Dealer Compliance fundamentals.

Key objectives critical to success:

Support 2nd line of defence SD/SBSD Compliance monitoring and testing per the annual Compliance testing plan.

Support and assist team maintenance of NIP’s SD and SBSD compliance and governance framework.  This includes the following:

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  • Provide Compliance support, advice, and guidance with respect to Title VII of the Dodd Frank Act.
  
  
  • Ensure that rules and regulations applicable to NIP as a CFTC & SEC registrant and NFA member remain considered and overseen from a 2nd line of defence point of view.
  
  
  • Support interactions with SEC, CFTC and NFA;
  
  
  • Support maintenance of the SD/SBSD governance framework for the CCO;
  
  
  • Provide Compliance support and guidance for the supervisory regime in place for the corporate functions
  
  
  • Track and advise on US OTC derivatives regulatory change - possible involvement in new reg change implementation;
  
  
  • Maintain SD/SBSD Compliance policies and procedures;
  
  
  • Support the design and delivery of US regulatory training for staff;
  
  
  • Support US registration obligations;
  
  
  • Oversee and provide advice on US regulatory reporting and filing requirements;
  
  
  • Respond to US regulatory inquiries and examinations;
  
  
  • Track identified issues of non-compliance and produce appropriate management information;
  
  
  
  

Assist with the compilation and filing of the NIP SD/SBSD annual reports and various other Compliance managed filings.

Skills, experience, qualifications and knowledge required:

• A practical understanding of CFTC & SEC Swap Dealer/Security Based Swap Dealer Regulations as well as FCA/PRA/MiFID rules and relevant European legislation where substituted Compliance is taken. Knowledge and awareness of Title VII of the Dodd Frank Act.

• Experience with or experience undertaking 2nd line testing and monitoring and/or 3rd line of defence audit testing - ideally in SD and SBSD rules and requirements;


• Compliance and/or regulatory experience or equivalent ideally with focus on Dodd Frank SD/SBSD regulations


• Strong understanding of 3LOD model and the role of Compliance within that model


• Resilient team player who can interact well with individuals within the Compliance team and others in different business divisions of various seniority


• A curious, check and challenge and continuous improvement mentality and outlook


• Communicate advice/guidance in a clear and concise manner


• Ability to work independently without need for close direction


• Well-developed analytical skills and ability to distil large quantities of complex information into high level briefings and impact analysis


• Methodical with strong attention to detail


• Ability to work well under pressure and move between tasks quickly


• Ability to project manage, in particular relating to regulatory enquiries, examinations, or change matters


• Knowledge and understanding of Global Markets businesses desirable


• Ability to work well under pressure


• Strong organisational skills and ability to collaborate with various functional teams simultaneously


• Strong prioritisation and time management skills


• Genuine interest in the Financial Services industry

Nomura competencies

Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

• Respect DEI, foster a culture of psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
  
  

Right to Work
The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

Nomura is an Equal Opportunity Employer