Functional Title: Client Verification Team – Senior Reviewer
Corporate Title: Associate / Assistant Vice President
Overtime Eligible (Y/N) N
Department: GCA - Client Verification Team (CVT)
Reports To: (Position) Head of CVT
Incumbent Name:
Management Responsibilities: (Y/N) N
Position Summary:
Performance of CVT Reviewer specific responsibilities as defined within the global Client Lifecycle Management procedure of the Corporate Client segment (and/or local addendums) under the guidance and supervision of the Head of CVT.
Essential Duties and Responsibilities:
Understand the global Client Lifecycle Management (CLM) procedure of the Corporate Client segment (and/or local addendums)
Understand Commerzbank structure, client coverage/segmentation and products/services offered to clients in international Commerzbank locations
Perform assigned tasks as part of the on-boarding, regular and event-driven review, account opening, account closure as well as off-boarding of Corporate Clients
Review documentation of performed Customer Due Diligence incl. validation of completeness and accuracy of mandatory KYC documentation and information
Assess performed verification of client information and documentation including but not limited to client’s identity, Beneficial Ownership and Bearer share information
Review documented on follow-ups performed within the information/documentation gathering process incl. escalations of any non-receipt of documentation
Perform a review of conducted screening on clients, beneficial owners, associated parties, legal representatives, authorized signers/traders and others as defined by the CLM procedures
Check the documentation of performed disposition of screening results
Check the documentation of performed adverse news screenings and disposition of review of results
Make sure that the correct the Customer Risk Rating (CRR) was calculated based on global CRR methodology or manually adjusted as requested by Compliance
Ensure that the appropriate level of Due Diligence and its documentation was applied to the Client at onboarding and review
Review all required checks as defined by the CLM procedures were performed prior to account opening
Check that Client Data elements and performed Due Diligence were properly captured/documented in appropriate CLM systems
Assess documentation of performed updates to client’s KYC data
Review the documentation on performed communication between CVT Analyst and Client Owner and/or Compliance
Liaise with CVT Analyst and Compliance to clarify questions and resolve issues as they arise
Share knowledge with team members to ensure high level of performance
Ensure proper documentation of performed Review
Escalate issues to Head of CVT
Review, investigate, communicate and escalate if required any issues identified during the KYC process
Support initiatives related to changes in the regulatory landscape, system enhancements or updates
Provide support in potential remediation reviews
Miscellaneous responsibilities as required
Experience /Qualifications/Education:
BA or MA/MS in a business-related discipline or similar education
Completed apprenticeship / training in the financial industry or similar education
KYC / Compliance Certification preferred
Multi-year professional experience in Client On-boarding operations and Anti-Money Laundering functions at a large financial institution
Working experience in an international environment is a plus
Advanced knowledge of Financial Crime prevention and Know Your Customer requirements
Ability to review and understand business and legal documents required for the KYC process
Experience in conducting screenings and handling of potential matches to adverse news, designated sanctions targets and prohibited persons lists
Experience in review and evaluation of documentation of performed Customer Due Diligence
Excellent analytical, oral and written communication skills
Strong attention to detail required
Excellent time management skills and ability to execute tasks within tight deadlines
Able to work and make decisions independently
Proficient use of MS Office Suite
Fluent in Chinese (Mandarin and Cantonese) and English; German and/or other language skills is a plus
Disclaimer:
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. This document is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required by the incumbents. Job responsibilities are subject to change, with or without notice. All employees may be required to perform duties outside of their normal responsibilities at any time at the Firm’s total discretion.
This document does not constitute a contract of employment with you of any kind, express or implied for any duration, or with respect to any of its stated or omitted terms. As described in the Firm’s employee handbook, the Firm reserves the right to terminate your employment with or without cause, notice or reason at any time at its sole discretion.
Corporate Title: Associate / Assistant Vice President
Overtime Eligible (Y/N) N
Department: GCA - Client Verification Team (CVT)
Reports To: (Position) Head of CVT
Incumbent Name:
Management Responsibilities: (Y/N) N
Position Summary:
Performance of CVT Reviewer specific responsibilities as defined within the global Client Lifecycle Management procedure of the Corporate Client segment (and/or local addendums) under the guidance and supervision of the Head of CVT.
Essential Duties and Responsibilities:
Understand the global Client Lifecycle Management (CLM) procedure of the Corporate Client segment (and/or local addendums)
Understand Commerzbank structure, client coverage/segmentation and products/services offered to clients in international Commerzbank locations
Perform assigned tasks as part of the on-boarding, regular and event-driven review, account opening, account closure as well as off-boarding of Corporate Clients
Review documentation of performed Customer Due Diligence incl. validation of completeness and accuracy of mandatory KYC documentation and information
Assess performed verification of client information and documentation including but not limited to client’s identity, Beneficial Ownership and Bearer share information
Review documented on follow-ups performed within the information/documentation gathering process incl. escalations of any non-receipt of documentation
Perform a review of conducted screening on clients, beneficial owners, associated parties, legal representatives, authorized signers/traders and others as defined by the CLM procedures
Check the documentation of performed disposition of screening results
Check the documentation of performed adverse news screenings and disposition of review of results
Make sure that the correct the Customer Risk Rating (CRR) was calculated based on global CRR methodology or manually adjusted as requested by Compliance
Ensure that the appropriate level of Due Diligence and its documentation was applied to the Client at onboarding and review
Review all required checks as defined by the CLM procedures were performed prior to account opening
Check that Client Data elements and performed Due Diligence were properly captured/documented in appropriate CLM systems
Assess documentation of performed updates to client’s KYC data
Review the documentation on performed communication between CVT Analyst and Client Owner and/or Compliance
Liaise with CVT Analyst and Compliance to clarify questions and resolve issues as they arise
Share knowledge with team members to ensure high level of performance
Ensure proper documentation of performed Review
Escalate issues to Head of CVT
Review, investigate, communicate and escalate if required any issues identified during the KYC process
Support initiatives related to changes in the regulatory landscape, system enhancements or updates
Provide support in potential remediation reviews
Miscellaneous responsibilities as required
Experience /Qualifications/Education:
BA or MA/MS in a business-related discipline or similar education
Completed apprenticeship / training in the financial industry or similar education
KYC / Compliance Certification preferred
Multi-year professional experience in Client On-boarding operations and Anti-Money Laundering functions at a large financial institution
Working experience in an international environment is a plus
Advanced knowledge of Financial Crime prevention and Know Your Customer requirements
Ability to review and understand business and legal documents required for the KYC process
Experience in conducting screenings and handling of potential matches to adverse news, designated sanctions targets and prohibited persons lists
Experience in review and evaluation of documentation of performed Customer Due Diligence
Excellent analytical, oral and written communication skills
Strong attention to detail required
Excellent time management skills and ability to execute tasks within tight deadlines
Able to work and make decisions independently
Proficient use of MS Office Suite
Fluent in Chinese (Mandarin and Cantonese) and English; German and/or other language skills is a plus
Disclaimer:
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. This document is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required by the incumbents. Job responsibilities are subject to change, with or without notice. All employees may be required to perform duties outside of their normal responsibilities at any time at the Firm’s total discretion.
This document does not constitute a contract of employment with you of any kind, express or implied for any duration, or with respect to any of its stated or omitted terms. As described in the Firm’s employee handbook, the Firm reserves the right to terminate your employment with or without cause, notice or reason at any time at its sole discretion.
