FAQs
What is the primary focus of the KYC Associate position?
The primary focus of the KYC Associate position is client onboarding (COB) and managing exceptions in line with regulatory standards and jurisdictions, with an emphasis on performing KYC, Anti-Money Laundering (AML), and Anti Financial Crime (AFC) checks.
What kind of clients will I be working with in this role?
You will be working with a wide range of client types, including listed and regulated entities, small to large private and public companies, complex structures like SPVs, cooperatives, foundations, funds, as well as governments and joint ventures.
What types of documentation will I be responsible for verifying?
You will be responsible for verifying KYC documentation of clients, which includes performing due diligence checks and ensuring compliance with regulatory requirements.
How will I be evaluated in my role as a KYC Associate?
You will be evaluated based on your ability to verify client data, perform due diligence, conduct risk assessments, ensure timely and quality management of new client adoptions and periodic reviews, and adhere to SLAs defined with the business.
What kind of training and development opportunities are provided?
The organization offers training and development to help you excel in your career, along with coaching and support from experts in your team, as well as a culture of continuous learning for progression.
Is there flexibility in work arrangements for this position?
Yes, the role offers flexible working arrangements as part of the benefits package.
How many years of experience are required for this position?
A minimum of 6 years of relevant work experience in AML, KYC, or compliance-related roles in the corporate financial services industry is required.
What regulations should I be familiar with for this role?
You should be familiar with AML/KYC regulations and industry guidelines such as FSA, JMLSG, the 3rd EU Money Laundering Directive, and MiFID.
Will I need to manage timelines and quality standards in my work?
Yes, you will be responsible for managing exceptions to ensure that all SLAs defined with the business regarding timeliness and quality are adhered to.
What kind of benefits does Deutsche Bank offer to employees?
Deutsche Bank offers a variety of benefits including a best-in-class leave policy, gender-neutral parental leave, child care assistance, comprehensive hospitalization insurance, flexible working arrangements, and sponsorship for relevant certifications and education.