Sanctions Screening Specialist (Asia / EU / US Shift)

Commerz Global Service SolutionsBayan Lepas, Penang, Malaysia

1 day ago

Job description

Sanctions Screening Specialist (Asia / EU / US Shift)

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 GM-CO
To assist the entity in performing refinement of Trade Documents in Commerzbank Trade Finance Compliance automation tool (Trade AI) - Data refinement to be performed with highest quality with zero tolerance to error. - Data refinement to be completed with the agreed stipulated time as per SLA.

Key Activities

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.

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

Report and elevate 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 stakeholders on a timely manner.

General / Compliance Culture

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.

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 Head of Due Diligence Team

Formal education

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

Work Experience

2-4 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

5 years overall experience in Banking & Finance

Further qualification / skills / requirement

Good knowledge and understanding of International Sanctions & Embargoes Regulation

Good knowledge in Trade Based Money Laundering

ACAMS Certified / ICA TBML Specialist

Shift Hours

Asia Hours : 9 : 00 AM to 6 : 00 PM

EU Hours : 2 : 00 PM to 11 : 00 PM / 3 : 00 PM to 12 : 00 AM (during daylight savings) – includes shift allowance

US Hours : 9 : 00 PM to 6 : 00 AM / 10 : 00 PM to 7 : 00 AM (during daylight savings) – includes shift allowance

Seniority level

Associate

Employment type

Full-time

Job function

Finance and Analyst

Industries

Banking and Financial Services

#J-18808-Ljbffr

Create a job alert for this search

Specialist Specialist • Bayan Lepas, Penang, Malaysia

Related jobs

Promoted

Risk Control Specialist

BingXGeorge Town, Penang, Malaysia

BingX Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia.Founded in 2018, BingX is a leading cryptocurrency exchange, serving over 20 million users worldwide. BingX offers diversified product...Show moreLast updated: 6 days ago

Promoted

Technology Consulting - Cyber Security (Senior Associate / Manager) - Based in Penang

Ernst & Young Advisory Services Sdn BhdGeorge Town, Penang, Malaysia

Cyber security is one of the most important risks facing businesses today.Systems, applications, and processes are becoming increasingly interconnected and automated and many organizations are now ...Show moreLast updated: 30+ days ago

Promoted

Operational Security Management Specialist (Secure Remote Access)

BP PLCGeorge Town, Penang, Malaysia

Entity : • •Technology • •Job Family Group : • •IT&S Group • •Job Description : • •Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing...Show moreLast updated: 4 days ago

Promoted

MY - Senior Dealing Specialist (Risk Management) Mandarin Speaking

Zeal GroupCentral George Town, Penang, Malaysia

Zeal Group Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia.Be among the first 25 applicants.Contribute to the seamless operation of our MT4 and MT5 trading systems, overseeing risk manage...Show moreLast updated: 18 days ago

Promoted

Web3 Senior Security Engineer

Hyphen ConnectSungai Petani, Kedah, Malaysia

We are working with a decentralised exchange which looks to innovate on providing the best of CEXs and DEXs, focusing on building a safe, simple and scalable platform for trading.They differentiate...Show moreLast updated: 30+ days ago

Promoted

VP, Operations, Malaysia

Rimini Street, IncSungai Petani, Kedah, Malaysia

Nasdaq : RMNI), a Russell 2000 Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMwar...Show moreLast updated: 30+ days ago

Promoted

Linux Cryptography and Security Engineer

CanonicalKulim, Kedah, Malaysia

Linux Cryptography and Security Engineer.Canonical Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia.This is a unique opportunity to use your software engineering and cryptography skills to...Show moreLast updated: 16 days ago

Promoted

Data Partner- Math- Chinese - Remote- Global

TELUS Digital AI Data SolutionsSungai Petani, Kedah, Malaysia

Data Partner- Math- Chinese - Remote- Global.TELUS Digital AI Data Solutions.We are seeking a Subject Matter Expert to design advanced, domain-specific questions and solutions and to create challen...Show moreLast updated: 30+ days ago

Promoted

Security Specialist 1

Micron TechnologyBatu Kawan, Penang, Malaysia

Micron Technology is a world leader in innovating memory and storage solutions that accelerate the transformation of information into intelligence, inspiring the world to learn, communicate and adv...Show moreLast updated: 4 days ago

Promoted

Crisis Management Coordinator

S&P Global, Inc.Permatang Pauh, Penang, Malaysia

The Team : The Business Continuity Management Team is responsible for the development and operation of OSTTRA's business continuity and information technology disaster recovery program.The team work...Show moreLast updated: 30+ days ago

Promoted

Financial Crime Compliance Lead (Global)

ReapCentral George Town, Penang, Malaysia

Financial Crime Compliance Lead (Global).Reap Federal Territory of Kuala Lumpur, Malaysia.Reap is a global financial technology company headquartered in Hong Kong with employees across multiple cou...Show moreLast updated: 3 days ago

Promoted

Ubuntu Security Engineer

CanonicalKulim, Kedah, Malaysia

Canonical Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia.Join or sign in to find your next job.Canonical Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia.Be among the first 25 a...Show moreLast updated: 30+ days ago

Promoted
New!

Operational Security Management Specialist (Secure Remote Access)

bpBatu Kawan, Penang, Malaysia

Information Security Engineering Specialist (Secure Remote Access).Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia. Information Security Engineering Specialist (Secure Remote Access).Our p...Show moreLast updated: 15 hours ago

Promoted

Senior Specialist Security Operation Analyst (L2) - Penang

Commerz Global Service SolutionsBayan Lepas, Penang, Malaysia

Senior Specialist Security Operation Analyst (L2) - Penang.Senior Specialist Security Operation Analyst (L2) - Penang.Be among the first 25 applicants. Get AI-powered advice on this job and more exc...Show moreLast updated: 30+ days ago

Promoted

Security Risk Management Specialist

CanonicalSungai Petani, Kedah, Malaysia

Canonical Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia.Join or sign in to find your next job.Security Risk Management Specialist. Canonical Kuala Lumpur, Federal Territory of Kuala Lump...Show moreLast updated: 30+ days ago

Promoted

Operation Security Manager

Agensi Pekerjaan JobScoper Sdn. Bhd.George Town, Penang, Malaysia

Identify and support remediation of security deficiencies and gaps with security Controls.Strong Understanding with Company Policies, process and guidelines. Perform Internal / External Security Aud...Show moreLast updated: 16 days ago

Promoted

Sanctions Operations Processing Analyst - Hybrid

CitiPenangMalaysia, Penang, Malaysia

At Citi, we get to connect millions of people across hundreds of cities and countries every day.And we've been doing it for more than 200 years. We do this through our unparalleled global network.We...Show moreLast updated: 30+ days ago

Promoted

MY – Senior Dealing Specialist (Risk Management) Mandarin Speaking

Zeal Holdings LimitedCentral George Town, Penang, Malaysia

Contribute to the seamless operation of our MT4 and MT5 trading systems, overseeing risk management strategies, and providing technical support. Participate in the development and support of new tra...Show moreLast updated: 30+ days ago