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
- 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
- 2- 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
- 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
