Job Purposes:The incumbent will play a pivotal role in ensuring strict compliance with anti-money laundering and sanctions guidelines, all relevant/related regulations and internal guidelines.
Client Verification (KYC) Performance of Client Verification (KYC) Analyst specific responsibilities as defined within the global Client Lifecycle Management (CLM) procedure, Global Screening procedure and WLF Screening of clients procedure (and respective local addenda) under the guidance and supervision of CVT local Team Head – KL
Account Administration Performance of account opening and maintenance of account documentation for Corporates and Financial Institutions including reviewing and verifying customer documentation for account opening. Updating of customer data, signing mandates and ensuring completeness of customer files. Position is responsible for the ongoing review of the account opening procedures and documentation updates and recommendations for process enhancements where applicable.
Updating and maintenance of static data in the Bank's core system and signature verification are additional tasks of this role.
This position is based in Kuala Lumpur, Malaysia.
Job Descriptions:Client Verification Understand the Global Client Lifecycle Management (CLM) procedure, Global Screening procedure and WLF Screening of clients procedure (and respective local addenda)Understand CTS structure, client coverage/segmentation and products/services offered to clients in international Commerzbank locationsPerform assigned tasks as part of the on-boarding, regular and event-driven review, account opening, account closure and off-boarding of Corporate Clients and NBFIsReview and assess quality of initial (potential) client data provided by Client Owner(s) / Business Unit(s)Perform validation of completeness and accuracy of mandatory KYC documentation and information provided by Client Owner(s) / Business Unit(s)Verify information and documentation provided by the Client Owner(s) / Business Unit(s) including but not limited to client's identity, Beneficial Ownership and Bearer share informationTrack and follow-up on documentation deficiencies and perform escalations of non-receipt of documentation in a timely mannerConduct screening on clients, beneficial owners, associated parties, legal representatives, authorized signers/traders and others as defined by the CLM proceduresPerform disposition of screening results; Request further information and perform escalations as requiredPerform adverse news screenings and disposition of results; Request further information and perform escalations as requiredPerform assigned tasks as part of on-going (manual and/or system-based) screening process incl. alert clearance in respective systemEnsure discrepancies that arise between the information obtained from the customer and information obtained during the verification process are resolved in cooperation with Compliance prior finalization of on-boarding /reviewDetermine Customer Risk Rating (CRR) based on global CRR methodology owned by CompliancePerform manual overrides of calculated Customer Risk Rating as authorized by ComplianceEnsure the appropriate level of Due Diligence is applied to the Client during onboarding and reviewProvide support in account opening and closureEnsure Client data elements and Due Diligence checks are properly captured/documented in appropriate CLM systemsProcess changes to client's KYC data upon receipt and ensure proper documentation of performanceLiaise with Client Owner(s) and Compliance to clarify questions and resolve issues as they ariseEscalate issues to Local Head of CVT and guidance as requiredReview, investigate, communicate and escalate if required issues identified during the KYC processSupport initiatives related to regulatory landscape changes, system enhancements or updatesProvide support in remediation reviewsMiscellaneous responsibilities as requiredAccount Admin Ensure compliance to AML, Sanctions, KYC policies, procedures and regulationsResponsible for timely creation and maintenance of static data (clients, counterparties, SSI's)Ensure daily processes executed according to ComRules, published workflows and guidelines.Ensure internal controls within processes executed effectivelyWork in close cooperation with the business and Compliance to ensure complete documentation is received for the timely creation of client accounts in the relevant system(s)Follow-up on pending (client related) documentation and submit regular status report on discrepancies (when necessary) to Management.Responsible for maintenance of client account opening documentation files in relevant system(s)Perform signature verificationProvide recommendations on work processes/procedures to enhance work efficiency and operational controlsAssist with any other duties or projects as assigned by Local Head of Department. Formal Education:Candidate must possess at least Bachelor's Degree/Post Graduate Diploma/Professional Degree in Business-related / Banking / Finance discipline or similar education Qualifications:Preferably Entry Level specialized in Client On-boarding (KYC) and/or Account Admin operationsNo work experience requiredFresh graduate are encourage to applyMinimum CGPA is 3.0 pointerStrong team player with strong interpersonal and communicative skills.Required language(s): Fluent verbal and written in English required.Required Skill(s): MS Office and etc. Characteristics:MeticulousCapacity for teamworkAnalytical skillsAbility to work in a deadline driven environmentInterest to work in a new and developing organizationInterest to develop new processesFast learnerWillingness to learn on the job