Sanctions Screening Specialist (EU Shift) - KL

Position Overview

• Support the organization in adhering to regulatory requirements (predominantly AML & Sanctions) and managing reputational risks in accordance with applicable German and international laws—whichever is more stringent—and the global policies established by GM-CO.

• Assist the organization in refining Trade Documents within the Commerzbank Trade Finance Compliance automation tool (Trade AI), ensuring that data refinement is executed with the utmost precision and zero tolerance for errors. - Complete data refinement within the timelines agreed upon as per the Service Level Agreement (SLA).

Key Responsibilities

• Conduct AML and Sanction screening for Export/Import Letters of Credit, Guarantees, and Import/Export Collections received by the bank (SWIFT Messages).
• Perform AML and Sanction screening for transport documents submitted by the presenting bank.
• Ensure that the quality of AML and Sanctions screening meets high standards, as reflected in quarterly desk reviews.
• Report and escalate any violations or suspicious activities to the TPC Compliance Officer.
• Maintain Due Diligence at the highest quality level to safeguard the Bank from regulatory risks that could lead to financial and reputational harm.
• Ensure full awareness and compliance with regulations, policies, guidelines, procedures, and practices.
• Promptly respond to emails and inquiries from internal customers and stakeholders.

Compliance Advisory Services

• Exhibit sound judgment in decision-making and recommendations during case investigations.
• Accurately and comprehensively screen MT messages and Transport documents/Voyage journeys to identify non-compliance or violations in line with Commerzbank's AML/Sanctions Policy.
• Collaborate closely with the TPC Compliance Officer and Business Compliance Asia to ensure adherence to all requirements set by GMCO Frankfurt and Asia.
• Work in tandem with the TPC Operations Team to implement appropriate corrective action procedures as necessary.
• Engage with Process Managers to provide timely reviews as required.
• Be proactive in raising any compliance issues that may arise.

Perform any additional tasks assigned by the Head of the Due Diligence Team.

Educational Background:

University degree or equivalent, preferably in Banking, General Management, or Law.

Skills and Qualifications

• 5-8 years of experience in Sanctions Screening / TBML.
• Familiarity with Sanctions Screening methodologies.
• Prior experience in conducting Voyage Checks through IMB/IHS or other service providers.
• Strong understanding of dual-use goods and HS Code terminology.
• 5 years of overall experience in Banking & Finance.

Additional Qualifications/Skills/Requirements:

• Solid understanding of International Sanctions & Embargoes Regulations.
• Knowledgeable in Trade Based Money Laundering.
• Excellent communication skills.
• ACAMS Certified / ICA TBML Specialist.
• Ability to work European hours.