Overview
Due Diligence Specialist (Normal Shift) – PJ Office Jobs in Petaling Jaya, Selangor, Malaysia at Commerz Global Service Solutions
Title: Due Diligence Specialist (Normal Shift) – PJ Office
Company: Commerz Global Service Solutions
Location: Petaling Jaya, Selangor, Malaysia
WORK LOCATION: –
- Level 11, 12 & 13 CelcomDigi Tower, Petaling Jaya (Only a 5-minute walk from Taman Jaya LRT station)
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
Further qualification/skills/requirement:
- Good knowledge and understanding of International Sanctions & Embargoes Regulation
- Good knowledge in Trade Based Money Laundering
- Strong communication skills
Kindly be informed that only shortlisted candidates will be contacted by our HR team.
