Sanctions Screening Specialist (EU Shift)- Penang

Position Overview

• Support the organization in managing regulatory obligations (primarily AML & Sanctions) and reputational risk as dictated by applicable German and international laws, following whichever is more stringent, as well as global policies established by GM-CO.

• Assist the organization in enhancing Trade Documents within the Commerzbank Trade Finance Compliance automation tool (Trade AI) - ensuring data refinement is executed to the highest quality standards with a strict zero-error tolerance. - Complete data refinement within the specified timeframes according to Service Level Agreements (SLA).

Key Responsibilities

• Guarantee the integrity of AML and Sanctions screening, which will be evaluated during quarterly desk reviews.
• Report and escalate all infractions and suspicious activities to the TPC Compliance Officer.
• Uphold Due Diligence at the utmost quality to safeguard the Bank against regulatory risks that could lead to financial and reputational harm.
• Ensure comprehensive awareness and compliance with all relevant regulations, policies, guidelines, procedures, and practices.
• Provide timely responses to emails and inquiries from internal customers and stakeholders.

Compliance Advisory Services

• Consistently apply sound judgment in decision-making or recommendations related to case investigations.
• Demonstrate the ability to meticulously screen MT messages and Transport documents/Voyage journeys to identify any non-compliance or violations in accordance with the Commerzbank AML/Sanctions Policy.
• Collaborate closely with the TPC Compliance Officer / Business Compliance Asia to ensure adherence to all requirements from 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 or as needed.
• Be proactive in raising concerns regarding noncompliance when necessary.

Perform other tasks as assigned by the Head of the Due Diligence Team.

Educational Background:

Bachelor's degree or equivalent, preferably in Banking, General Management, or Law.

Qualifications and Skills

• 2-4 years of experience in Sanctions Screening / Trade-Based Money Laundering (TBML).
• Familiarity with Sanctions Screening methodologies.
• Prior experience in conducting Voyage Checks through IMB/IHS or other service providers.
• Proficient in dual-use goods and HS Code terminology.
• 5 years of total experience in the Banking and Finance sector.

Additional Qualifications/Skills/Requirements:

• Strong knowledge and understanding of International Sanctions & Embargoes Regulations.
• Good understanding of Trade-Based Money Laundering.
• Excellent communication skills.