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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 (job responsibilities)
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.
About Hong Leong Bank
We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.
We seek to strike a balance between diversity, inclusion and merit to achieve our mission of infusing diversity in thinking and skillsets into our organisation. Candidates are assessed based on merit and potential, in line with our mission to attract and recruit the best talent available. Expanding on our “Digital at the Core” ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our people to drive life-long learning, achieve their career aspirations and grow talent from within our organisation.
Realise your full potential at Hong Leong Bank by applying now.
Top Skills
What We Do
Hong Leong Bank Berhad is one of the leading financial services organisations in Malaysia. With a heritage of more than 100 years, it provides comprehensive financial services covering consumer banking, business banking and trade finance, treasury, branch and transaction banking, wealth management, private banking and Islamic financial services. Its merger with EON Bank Group in 2011 has further embedded its position as a core banking franchise with an expanded distribution network of more than 300 branches across the country.
With a proven track record in value creation and a highly recognised brand, Hong Leong Bank has also been extending its footprint in the region, with branches in Singapore and Hong Kong and wholly owned subsidiaries in Vietnam and Cambodia. In China, the Bank has a 20% shareholding in Bank of Chengdu Co., Ltd., Sichuan and a consumer finance joint venture.
Hong Leong Bank is a subsidiary of Hong Leong Financial Group Berhad, the financial services arm of the Hong Leong Group. Apart from banking, Hong Leong Financial Group is involved in the provision of insurance and takaful, as well as investment banking, unit trust, fund management and stock broking services
