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Due Diligence Senior Specialist

2 weeks ago

Bangsar South Kuala Lumpur, Malaysia Commerz Global Service Solutions Sdn. Bhd. Full time 90,000 - 120,000 per year

JOB PURPOSE

  • To assist the entity in managing the regulatory (mainly AML & Sanctions) and reputational risk related requirements set out in (1) relevant German/international – whichever is stricter – law and regulations, and (2) 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), whereby (1) data refinement to be performed with highest quality with zero tolerance to error, and (2) data refinement to be completed with the agreed stipulated time as per SLA.

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

Data Refinement (Trade AI)

  • Daily trade documents refinement completed according to set SLAs/ target given.
  • Perform unloading and loading of documents into Trade Finance Compliance automation tool.
  • Drive improvement in systems. processes and methodologies.
  • Respond to email and queries from internal customers and stake holders on a timely manner.
  • Escalation of errors to Line Manager and Project Team.
  • Applies best practices and techniques to ensure best possible performance, quality and responsiveness of the developed reports and dashboards of Trade Finance Compliance automation tool.
  • Proactively provide feedback on the improvement required on Trade Finance Compliance automation tool to the Project Team if any.
  • Have a thorough understanding of big data, our data architecture, and how to efficiently manipulate our data.
  • Understanding of each application's batch flow, timing, and dependencies.
  • Keeping track of business and technical solutions.

Any other tasks assigned by Head of Due Diligence Team

FORMAL EDUCATION

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

SKILLS & REQUIREMENTS

  • 2 - 4 years' experience in Sanctions Screening / TBML
  • 5 years overall experience in Banking & Finance
  • Proficient in reading, writing, speaking in Mandarin is preferred.
  • Familiar with Sanctions Screening methodology
  • Previous experience in performing Voyage Check through IMB/IHS or any otherservice provider.
  • Well versed in dual use goods and HS Code terminology.
  • Good knowledge and understanding of International Sanctions & Embargoes Regulation
  • Good knowledge in Trade Based Money Laundering
  • Strong communication skills
  • ACAMS Certified / ICA TBML Specialist

Working hours: Monday - Friday (9am - 6pm). Required to work on Malaysian public holidays.