Sanctions Screening Specialist (EU Shift) - KL

Description

• 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.

Responsibilities

• 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 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 Head of Due Diligence Team

Formal education :

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

Skills and Qualifications

• 5-8 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
• Strong communication skills
• ACAMS Certified / ICA TBML Specialist
• Able to work European Hours