Deutsche Bank is a leading financial institution seeking an Associate for their Know Your Client (KYC) team. The role involves conducting due diligence reviews, performing risk assessments, and ensuring compliance with Anti-Money Laundering regulations while collaborating with various departments to produce quality files.
Responsibilities
- You will conduct full KYC reviews on all new client adoptions and/or periodic reviews of clients in accordance with relevant laws, regulations and firm policies as appropriate
- You will carry out KYC due diligence reviews in a timely manner to high quality standards, as per the Banks policies
- You will support front office staff by providing guidance and proactively engaging clients to obtain required information and documentation in a timely manner, ensuring full compliance with AML/KYC regulations, internal policies, risk management standards, and client onboarding and review requirements
- You will investigate client data utilizing all available internal/external systems to develop a comprehensive analysis of who the client is and whether there are high risk factors
- You will review, investigate, and understand organizational structure, accumulation and domination methodologies to assist in determining ownership and control parties to identify all ultimate beneficiaries and potential Politically Exposed Persons (PEPs)
- You will coordinate and liaise with various departments (Anti-Financial Crimes, Negative/Adverse News Screening, Quality Control, etc.) to ensure quality files are produced
Skills
- Ability to source information from various research tools (Bloomberg, LexisNexis, etc.), utilizing financial reports and audited statements to interpret alerts, identify trends, and source information
- Basic understanding of AML/KYC regulations and their impact on financial institutions, knowledge of Investment Bank and Corporate Bank products, and ability to perform quality checks/4-eye reviews on the KYC onboarding process while learning and applying Deutsche Bank Know Your Client framework standards for peer review and quality assurance
- Excellent interpersonal and communication skills, including experience dealing with senior management or executive-level staff, effective communication, and appropriate escalation of situations posing operational or reputational market risk
- Strong organizational skills, attention to detail, analytical abilities (including use of Microsoft Office), problem resolution/solving, and adherence to strict deadlines in a fast-paced, high-pressure environment
- Ability to work in a diverse environment requiring collaboration, partnership, and transparency, including leading projects or tasks through to resolution and building strong team and stakeholder relationships
- Strong knowledge of KYC/AML regulations and compliance frameworks, enabling accurate client onboarding, periodic reviews, and adherence to regulatory requirements
- Ability to conduct thorough due diligence and risk assessments, including analysis of ownership structures, beneficial ownership, and identification of PEPs
- Proficiency in research and investigative tools such as Bloomberg, LexisNexis, and financial reports to validate client information and identify potential risk indicators
- Excellent analytical, organizational, and attention-to-detail skills to review client data, perform quality checks, and manage multiple deadlines in a high-pressure environment
Benefits
- Health and wellbeing benefits
- Retirement savings plans
- Parental leave
- Family building benefits
- Educational resources
- Matching gifts
- Volunteer programs
Company Overview
- Deutsche Bank is an investment bank that offers financial products and services to corporate and institutional clients. It was founded in 1870, and is headquartered in Frankfurt, Hessen, DEU, with a workforce of 10001+ employees. Its website is https://www.db.com.