Corporate Trainee - Due Diligence (12 months' contract)

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 GM-CO

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) only as maker function
• Perform AML and Sanction screening on Export/Import Letters of Credit, Guarantees, Import/Export Collection received by the bank (SWIFT Messages) only as maker function
• Perform AML and Sanction screening on transport documents presented by presenting bank only as maker function
• Perform Voyage Check and Dual Use Goods check only as maker function
• 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

• Learn from the senior team member on exercising good judgement in making decisions or recommendations in relation to case investigation.
• Learn to be able 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.
• Learn to be outspoken and not afraid to raise any issues with regards to noncompliance, if any.
• Any other tasks assigned by Group Head of Due Diligence Team

Formal education:

Candidate must possess at least Bachelor's Degree/Post Graduate Diploma/Professional Degree in Banking & Finance, General Management or Law

Specialist knowledge (work experience, further qualification):

• Preferably Entry Level specialized in Banking/Financial Services
• No work experience required.
• Minimum CGPA is 3.0 pointer
• Strong team player with strong interpersonal and communicative skills.
• Required language(s): Fluent verbal and written in English required.
• Required Skill(s): MS Office and etc.

Characteristics:

• Meticulous
• Capacity for teamwork
• Analytical skills
• Ability to work in a deadline driven environment
• Interest to work in a new and developing organisation
• Interest to develop new processes
• Fast learner
• Willingness to learn on the job

NOTE: Successful candidates will be employed on a 12-months contract directly under Commerz Global Service Solutions Sdn Bhd. Upon completion of the Corporate Trainee Program, there would be a tendency for permanent employment conversion based on the overall performance evaluation throughout the 12 months program and other factors.

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 GM-CO

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) only as maker function
• Perform AML and Sanction screening on Export/Import Letters of Credit, Guarantees, Import/Export Collection received by the bank (SWIFT Messages) only as maker function
• Perform AML and Sanction screening on transport documents presented by presenting bank only as maker function
• Perform Voyage Check and Dual Use Goods check only as maker function
• 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

• Learn from the senior team member on exercising good judgement in making decisions or recommendations in relation to case investigation.
• Learn to be able 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.
• Learn to be outspoken and not afraid to raise any issues with regards to noncompliance, if any.
• Any other tasks assigned by Group Head of Due Diligence Team

Formal education:

Candidate must possess at least Bachelor's Degree/Post Graduate Diploma/Professional Degree in Banking & Finance, General Management or Law

Specialist knowledge (work experience, further qualification):

• Preferably Entry Level specialized in Banking/Financial Services
• No work experience required.
• Minimum CGPA is 3.0 pointer
• Strong team player with strong interpersonal and communicative skills.
• Required language(s): Fluent verbal and written in English required.
• Required Skill(s): MS Office and etc.

Characteristics:

• Meticulous
• Capacity for teamwork
• Analytical skills
• Ability to work in a deadline driven environment
• Interest to work in a new and developing organisation
• Interest to develop new processes
• Fast learner
• Willingness to learn on the job

NOTE: Successful candidates will be employed on a 12-months contract directly under Commerz Global Service Solutions Sdn Bhd. Upon completion of the Corporate Trainee Program, there would be a tendency for permanent employment conversion based on the overall performance evaluation throughout the 12 months program and other factors.