Due Diligence Specialist (Normal Shift) - Hiring for KL Office

Commerz Global Service SolutionsKuala Lumpur, Kuala Lumpur, Malaysia

1 day ago

Job description

Overview

Bangsar South, Kuala Lumpur & will relocate to CelcomDigi Tower

Working hours : Normal Monday-Friday : 9.00am - 6.00pm (MYT). Required to work during Malaysia's Public Holiday (Replacement leave will be provided).

Job purpose

To assist the entity in managing the regulatory (mainly AML & Sanctions) and reputational risk related requirements set out in relevant German / International – whichever is stricter – law and regulations, global policies set forth and the standards communicated by Group Management-Compliance.

Key activities

General / Compliance Culture

Facilitate compliance of the entity with applicable banking and securities laws, regulations, and internal guidelines regarding AML / CFT and Sanctions

Perform Sanctions screening in PELICAN OFAC (Sanction screening tool of Commerzbank)

Perform AML and Sanction screening on Export / Import Letters of Credit, Guarantees, Import / Export Collection received by the bank (SWIFT Messages)

Perform AML and Sanction screening on transport documents presented by presenting bank

Perform Voyage Check and Dual Use Goods check

Ensure high quality of AML and Sanctions screening and this will be reflected in quarterly desk review

Report and escalate all violations and suspicious behavior to TPC Compliance Officer

Maintain Due Diligence at the highest level of quality to protect the Bank from regulatory risk which could result into financial and reputational damage

Ensure awareness and full compliance regulations, policies, guidelines, procedures and practices

Respond to email and queries from internal customers and stake holders on a timely manner

Compliance Advisory Service

Regularly exercising good judgement in making decisions or recommendations in relation to case investigation

Ability to accurately and thoroughly screen MT messages and Transport documents / Voyage journey to detect and identify the non-compliance or violations as per Commerzbank AML / Sanctions Policy

Working closely with TPC Compliance Officer / Business Compliance Asia to ensure all requirements by GMCO Frankfurt and Asia are met

Working closely with all TPC Operations Team to utilize proper corrective action procedures as required

Working closely with Process Managers and provide review on a timely basis or as and when required

Outspoken and not afraid to raise any issues with regards to noncompliance, if any. Any other tasks assigned by Team Head of Due Diligence Team

Skills & requirements

University degree or similar, preferably in Banking, General Management or Law

3- 4 years’ experience in Sanctions Screening / TBML

Familiar with Sanctions Screening methodology

Previous experience in performing Voyage Check through IMB / IHS or any other service provider

Well versed in dual use goods and HS Code terminology

3 years overall experience in Banking & Finance

Good knowledge and understanding of International Sanctions & Embargoes Regulation

Good knowledge in Trade Based Money Laundering

Note : Kindly be informed that only shortlisted candidates will be contacted by our HR team.

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Specialist Specialist • Kuala Lumpur, Kuala Lumpur, Malaysia

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