Description

The incumbent will play a pivotal role in ensuring strict compliance with anti-money laundering and sanctions guidelines, all relevant/related regulations and internal guidelines.

Client Verification (KYC)

Performance of Client Verification (KYC) Analyst specific responsibilities as defined within the global Client Lifecycle Management (CLM) procedure, Global Screening procedure and WLF Screening of clients procedure (and respective local addenda) under the guidance and supervision of CVT local Team Head – KL

Account Administration

Performance of account opening and maintenance of account documentation for Corporates and Financial Institutions including reviewing and verifying customer documentation for account opening. Updating of customer data, signing mandates and ensuring completeness of customer files. Position is responsible for the ongoing review of the account opening procedures and documentation updates and recommendations for process enhancements where applicable.

Updating and maintenance of static data in the Bank's core system and signature verification are additional tasks of this role.

Responsibilities

Client Verification

Understand the Global Client Lifecycle Management (CLM) procedure, Global Screening procedure and WLF Screening of clients procedure (and respective local addenda)
Understand CTS structure, client coverage/segmentation and products/services offered to clients in international Commerzbank locations
Perform assigned tasks as part of the on-boarding, regular and event-driven review, account opening, account closure and off-boarding of Corporate Clients and NBFIs
Review and assess quality of initial (potential) client data provided by Client Owner(s) / Business Unit(s)
Perform validation of completeness and accuracy of mandatory KYC documentation and information provided by Client Owner(s) / Business Unit(s)
Verify information and documentation provided by the Client Owner(s) / Business Unit(s) including but not limited to client's identity, Beneficial Ownership and Bearer share information
Track and follow-up on documentation deficiencies and perform escalations of non-receipt of documentation in a timely manner
Conduct screening on clients, beneficial owners, associated parties, legal representatives, authorized signers/traders and others as defined by the CLM procedures
Perform disposition of screening results; Request further information and perform escalations as required
Perform adverse news screenings and disposition of results; Request further information and perform escalations as required
Perform assigned tasks as part of on-going (manual and/or system-based) screening process incl. alert clearance in respective system
Ensure discrepancies that arise between the information obtained from the customer and information obtained during the verification process are resolved in cooperation with Compliance prior finalization of on-boarding /review
Determine Customer Risk Rating (CRR) based on global CRR methodology owned by Compliance
Perform manual overrides of calculated Customer Risk Rating as authorized by Compliance
Ensure the appropriate level of Due Diligence is applied to the Client during onboarding and review
Provide support in account opening and closure
Ensure Client data elements and Due Diligence checks are properly captured/documented in appropriate CLM systems
Process changes to client's KYC data upon receipt and ensure proper documentation of performance
Liaise with Client Owner(s) and Compliance to clarify questions and resolve issues as they arise
Escalate issues to Local Head of CVT and guidance as required
Review, investigate, communicate and escalate if required issues identified during the KYC process
Support initiatives related to regulatory landscape changes, system enhancements or updates
Provide support in remediation reviews
Miscellaneous responsibilities as required

Account Admin

Ensure compliance to AML, Sanctions, KYC policies, procedures and regulations
Responsible for timely creation and maintenance of static data (clients, counterparties, SSI's)
Ensure daily processes executed according to ComRules, published workflows and guidelines.
Ensure internal controls within processes executed effectively
Work in close cooperation with the business and Compliance to ensure complete documentation is received for the timely creation of client accounts in the relevant system(s)
Follow-up on pending (client related) documentation and submit regular status report on discrepancies (when necessary) to Management.
Responsible for maintenance of client account opening documentation files in relevant system(s)
Perform signature verification
Provide recommendations on work processes/procedures to enhance work efficiency and operational controls
Assist with any other duties or projects as assigned by Local Head of Department.

Formal Education:

Candidate must possess at least Bachelor's Degree/Post Graduate Diploma/Professional Degree in Business-related / Banking / Finance discipline or similar education

Skills and Qualifications

Preferably Entry Level specialized in Client On-boarding (KYC) and/or Account Admin operations
No work experience required
Fresh graduate are encourage to apply
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 organization
Interest to develop new processes
Fast learner
Willingness to learn on the job

Corporate Trainee Client Verification Team (KYC) - Penang