Corporate Trainee - Due Diligence (12 months' contract)

Job Overview

• Support the organization in overseeing the regulatory (primarily AML & Sanctions) and reputational risk obligations as outlined in:
• Applicable German and international laws and regulations, with a preference for the stricter of the two.
• Global policies and standards established by GM-CO.

Key Responsibilities

General / Compliance Culture

• Ensure the organization's adherence to relevant banking and securities legislation, regulations, and internal protocols regarding AML/CFT and Sanctions.
• Conduct Sanctions screening using PELICAN OFAC (Commerzbank's Sanction screening tool) solely in a maker capacity.
• Execute AML and Sanction screening on Export/Import Letters of Credit, Guarantees, and Import/Export Collections received by the bank (SWIFT Messages) only in a maker role.
• Carry out AML and Sanction screening on transport documents presented by the presenting bank solely as a maker function.
• Complete Voyage Checks and Dual Use Goods checks only in a maker capacity.
• Guarantee the quality of AML and Sanctions screening, which will be assessed in quarterly desk reviews.
• Report and escalate any violations and suspicious activities to the TPC Compliance Officer.
• Maintain Due Diligence at the highest caliber to shield the Bank from regulatory risks that could lead to financial and reputational harm.
• Ensure awareness and compliance with regulations, policies, guidelines, procedures, and practices.
• Respond promptly to emails and inquiries from internal customers and stakeholders.

Compliance Advisory Service

• Gain insights from senior team members on exercising sound judgment in decision-making or recommendations regarding case investigations.
• Learn to accurately and comprehensively screen MT messages and transport documents/voyage journeys to identify non-compliance or violations according to Commerzbank AML/Sanctions Policy.
• Develop the confidence to raise concerns regarding noncompliance when necessary.
• Undertake additional tasks as assigned by the Group Head of the Due Diligence Team.

Educational Requirements:

Candidates should hold at least a Bachelor's Degree/Post Graduate Diploma/Professional Degree in Banking & Finance, General Management, or Law.

Skills and Qualifications

• Preferably an entry-level position specializing in Banking/Financial Services.
• No prior work experience is necessary.
• Minimum CGPA requirement is 3.0.
• Exhibit strong teamwork capabilities alongside excellent interpersonal and communication skills.
• Fluent in both verbal and written English is mandatory.
• Proficient in MS Office and other relevant skills.

Personal Attributes:

• Detail-oriented
• Team-oriented
• Strong analytical abilities
• Adept at working under deadlines
• Enthusiastic about contributing to a growing organization
• Interest in developing new processes
• Quick learner
• Eager to acquire on-the-job knowledge

NOTE: Successful candidates will be hired on a 12-month contract directly by Commerz Global Service Solutions Sdn Bhd. There is potential for permanent employment conversion following the Corporate Trainee Program based on overall performance evaluations during the 12-month period and other relevant factors.