Executive, Trade Verification

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Overview:

We are seeking a detail-oriented Executive, Trade Verification to join our team. This role can be based in either Petaling Jaya or Bayan Lepas, Penang.

As a crucial quality assurance function, you will verify trade finance transactions to ensure all parties are meticulously screened against applicable sanctions lists. Your work will be vital in mitigating sanctions-related risks, protecting the bank from regulatory penalties, and safeguarding our reputation.

This role reports to the Manager of Trade Services - Compliance & Risk Management.

Key Responsibilities and Accountabilities:

Functional

• Conduct secondary checks on all trade transactions to validate the accuracy and completeness of sanctions screening performed by the Trade Operations team.

• Ensure all named parties, vessel details, shipping points, countries, and goods descriptions have been comprehensively screened in line with bank policy and regulatory standards.

• Identify, document, and escalate any screening discrepancies, omissions, or policy deviations for timely rectification and risk mitigation.

• Analyze error trends to provide insights for process improvements and collaborate with cross-functional teams to streamline workflows.

• Prepare and submit ad-hoc reports and ensure timely escalation of operational risks, including Internal Escalations and Loss Event Reporting (LER).

• Assist in the coordination of the department's Risk and Control Self-Assessment (RCSA) exercises and perform other duties as assigned.

Jobholder Requirements

• Malaysian citizen.

Education/Qualification

• Diploma or Bachelor’s degree in Finance, Accountancy, Banking, Business Administration, or a related field.

Experience/Requirements

• Fresh graduates and entry-level candidates are encouraged to apply.

• Experience in compliance or trade finance operations within a financial institution is an advantage.

• Knowledge of trade finance and financial crime regulations, including Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) legislation and sanctions, is beneficial.