Corporate Trainee - Settlement

Commerz Global Service Solutions; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

A global service provider in Kuala Lumpur is looking for a motivated individual to join their team. This entry-level position involves trade processing for investment banking and commercial banking services. Candidates should possess a Bachelor's degree, excellent communication skills, and a keen interest in developing new processes. Benefits include customizable medical coverage and the opportunity to secure permanent employment after a 12-month contract based on performance.

Benefits

Medical benefits

Dental benefits

Customize your own medical benefits

Medical cover

Qualifications

• Minimum CGPA is 3.0.
• No work experience required.
• Entry-level role specialized in investment banking or commercial banking.

Responsibilities

• Ensure trades are booked accurately and settled in a timely manner.
• Perform confirmation matching for various Commerzbank branches.
• Liaise with Front Office, brokers, and counterparties to resolve issues.
• Report cash projections for funding purposes.

Skills

Fluent verbal and written English

Proficiency in Mandarin

MS Office and related tools

Strong interpersonal and communicative skills

Teamwork

Education

Bachelor's Degree/Post Graduate Diploma/Professional Degree

Job description

Overview

The incumbent will be responsible for the following services within the team.

Perform end to end processing for products such as FX/MM, Derivatives, Securities and Commercial Loans booked in the name of Commerzbank Singapore, Tokyo, China and Frankfurt. This includes timely validation of trade bookings, prompt action on confirmation matching, accurate settlements of trades, cash management, post cash/trade break rectification and regulatory reporting to EMIR, etc.

To ensure all risks associated with operations and settlements are identified, monitored, and resolved promptly.

This position is based in Kuala Lumpur, Malaysia.

Responsibilities

• Ensure trades are booked accurately and settled in a timely manner.
• Perform confirmation matching for Commerzbank Singapore, Tokyo, China and Frankfurt.
• Report cash projections for Front Office funding purposes.
• Liaise with Front Office, brokers, and counterparties to investigate and resolve operational or settlement issues.
• Perform intraday FX/MM trade reconciliations and ensure all open trades and cash breaks are resolved promptly.
• Participate in end-to-end disaster recovery and industry testing, and regression tests.
• Ensure all regulatory reporting to EMIR are fulfilled in a timely manner.
• Ensure proper recording and maintenance of loan administration files.
• Support Group Head in achieving efficiency and effectiveness of the processes within the team through change management and continuous process improvement.
• Support additional tasks assigned by Group Head and subject to job rotation.
• Holiday coverage: Supports Commerzbank Singapore, Tokyo, China and Frankfurt activities during respective branches’ holidays.
• Additional tasks assigned by Group Head and subject to job rotation.

Formal Education

Candidate must possess at least Bachelor's Degree/Post Graduate Diploma/Professional Degree or Commercial School Graduate preferred.

Specialist Knowledge & Qualifications

Preferably entry level specialized in investment banking, commercial banking or broker. No work experience required. Minimum CGPA is 3.0. Strong team player with strong interpersonal and communicative skills. Required language(s): Fluent verbal and written English; proficiency in Mandarin is an advantage. Required skill(s): MS Office and related tools.

Note: Successful candidates will be employed on a 12-month contract directly under Commerz Global Service Solutions Sdn Bhd. Upon completion of the Corporate Trainee Program, permanent employment may be offered based on the overall performance evaluation throughout the 12-month program.

Characteristics

Meticulous

Capacity for teamwork

Analytical skills

Ability to work in a deadline driven environment

Interest to work in a new and developing organisation

Interest to develop new processes

Fast learner

Willingness to learn on the job

About CGSS

Commerz Global Service Solutions (CGSS) is a 100% owned subsidiary of Commerzbank AG. A global service provider based in Kuala Lumpur and Penang, Malaysia, CGSS delivers a wide range of global services to meet the needs of its clients, catering to multiple branches across Asia, Europe, and the Americas. CGSS contributes to increase profitability, standardize quality, and leverage synergies for Commerzbank AG across regions into one central hub ensuring cost efficient processing.

Visit https://www.commerz-gss.com/ for more details.

Perks & Benefits

Medical, Dental, customize your own medical benefits, medical cover.